Level of technical efficiency of the construction sector in EU countries
Michaela Staňková
Mendel University in Brno, Czech Republic
michaela.stankova@mendelu.cz
Luboš Střelec
Mendel University in Brno, Czech Republic
lubos.strelec@mendelu.cz
Markéta Křetínská
Mendel University in Brno, Czech Republic
marketa.kretinska@mendelu.cz
Abstract
This article deals with a quantitative assessment of the technical efficiency of the construction sector in EU countries. The construction sector is an essential part of any country’s economy, yet the assessment of efficiency in this sector has been neglected. Our analysis covers a ten-year period, specifically the years between 2011 and 2020. Within this period, it is possible to observe not only long-term trends in changes in efficiency, but also changes in efficiency because of the COVID-19 pandemic. A total of five country groups were created with regard to the evolution of efficiency. The analysis shows that cyclical changes in the efficiency of the construction sector occurred in countries such as the Czech Republic, Germany, and Poland. According to the average efficiency values, the Czech Republic performs the best, while Ireland performs the worst.
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Keywords: construction sector; COVID-19; efficiency; European countries; number of enterprises