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The Labour Market In The Construction Sector

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  • Dimitria Karadimova

Abstract

The report researches the labor market in the Construction sector. It is one of the leading sectors in the Bulgarian economy. Regardless of the phases of the economic cycle in which it is located, construction has a significant contribution to the economic growth. It has a relatively constant share in the gross domestic product. At this time, it is one of the most sensitive to the economic crisis and shocks. It recovers relatively slowly. Labor migration and uncompetitive incomes further exacerbate the negative trends. A leading trend in the development of the employees and the average salary in the sector has been identified. It is done a comparative analysis of the effect of the global financial and economic crisis on labor market indicators. Employment is found to be much more sensitive to the crisis than salary. Estimates have been done on the future values of labor market.

Suggested Citation

  • Dimitria Karadimova, 2022. "The Labour Market In The Construction Sector," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 129-136.
  • Handle: RePEc:vrn:emccon:y:2022:i:1:p:129-136
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    References listed on IDEAS

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    5. Piazzesi, Monika & Leombroni, Matteo & Rogers, Ciaran & Schneider, Martin, 2020. "Inflation and the Price of Real Assets," CEPR Discussion Papers 14390, C.E.P.R. Discussion Papers.
    6. Guan Li & Liping Wang & Cifang Wu & Zhongguo Xu & Yuefei Zhuo & Xiaoqiang Shen, 2022. "Spatial Planning Implementation Effectiveness: Review and Research Prospects," Land, MDPI, vol. 11(8), pages 1-20, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Construction sector; Labour market; Employees; Salary; Trend models; Forecasting;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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