Series: IMF Working Papers
Author(s): Yan Sun , Pritha Mitra , and Alejandro Simone
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 21 August 2013
Keywords: Construction, Business Cycle, Error-correction, European Growth, expenditure, stock market, capital expenditure, stock market index, Europe: 1913-71,
This paper studies the factors behind pro-cyclical but widely varying construction shares (as a percent of GDP) across countries, with a strong focus on European countries. Using a dataset covering 48 countries (in...