E-Knjižnica FET "Dr. Mijo Mirković"

The impact of the global crisis on the Croatian construction and building material industry

Rajković, Dorijan and Katavić, Ivica (2011) The impact of the global crisis on the Croatian construction and building material industry. In: The 5th International Scientific Conference "Entrepreneurship and Macroeconomic Management: Reflections on the World in Turmoil".

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The construction industry plays a significant role in each economy. Thus, the Croatian economic growth over a few previous years has also been largely driven by construction. However, the global crisis, which started in the year 2008, in combination with internal structural problems has affected a lot of industries and institutions, and the Croatian construction industry has not been an exception. The construction industry in Croatia has faced its toughest challenges in the past twenty years. The state has drastically decreased investments in infrastructural projects, and private investors have been postponing investment decisions, causing cuts in jobs and in demands for building materials. As a result, salaries have been falling, affecting the buying power of potential homeowners and investments in commercial buildings. On the other hand, companies have been struggling with the crises, and there has been no need for additional office space. The impact of this situation looks to be getting worse before it might be getting better. The purpose of this paper is to examine the impact of the recent global financial crisis combined with internal structural problems on the construction industry in Croatia, and to put forward proposals for the future of the construction industry in Croatia. The primary objective of this paper is to identify key lessons for the construction industry in Croatia by reflecting the global financial crisis. To meet their primary objective, the authors have conducted the qualitative research using content analysis (analysis of documents and materials). Due to the lack of previous researches on the topic, economic data and industry leaders' facts have been used. The major results of the research are related to actions that will contribute to the sustainable economic recovery from the current crisis. These actions are focused on potential projects and measures that construction and building material companies need to take in order to become stronger when the global financial crisis is over.

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Tip objekta: Materijal konferencije ili radionice (Paper)
Dodatne informacije: 5/2011
Ključni pojmovi: Global crisis, construction and building material industry, challenges, sustainability, change, economic recovery
Teme: 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 338 Gospodarsko stanje. Gospodarska politika. Upravljanje gospodarstvom. Gospodarsko planiranje. Proizvodnja. Usluge. Cijene > 338.2 Gospodarska poltika. Kontrola gospodarstva. Upravljanje gospodarstvom. Gospodarsko planiranje
Odjeli: Odjel za ekonomiju i turizam "Dr. Mijo Mirković"
Datum pohrane: 08 Jan 2013 07:25
Zadnja promjena: 08 Jan 2013 07:25
URI: http://eknjiznica.unipu.hr/id/eprint/1982

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