Construction investments and economic growth in Western Europe
R Wigren, M Wilhelmsson - Journal of Policy Modeling, 2007 - Elsevier
The research task in the present study is to examine the statistical relationship between
gross domestic product and a broad group of construction and, furthermore, the presence of
crowding-out within the construction industry in Europe. The empirical analyzes support the
findings of no crowding-out effect within the construction industry. Contrary, it seems that
investments in especially infrastructure will have a complementary filling-in effect by an
increase in both residential and other building construction. The Granger causality tests are …
gross domestic product and a broad group of construction and, furthermore, the presence of
crowding-out within the construction industry in Europe. The empirical analyzes support the
findings of no crowding-out effect within the construction industry. Contrary, it seems that
investments in especially infrastructure will have a complementary filling-in effect by an
increase in both residential and other building construction. The Granger causality tests are …
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