The comprehensive assessment of the contribution of the Belarusian construction industry to the development of the national economy

Authors

  • Yue Taishan State Power Investment Corporation Limited, 29 North 3rd Ring Road, building 1, Beijing 100029, China

Keywords:

national economy, construction industry, GDP, investment, contracting projects, construction and installation projects

Abstract

This study describes the impact of the construction industry on the development of the national economy of the Republic of Belarus based on the analysis of data from the National Statistical Committee of the Republic of Belarus. The period of the analytical study covers the years 2011–2019 and is due to significant changes in the legislative and economic policy of the state. The analysis data includes the following indicators: the contribution of the construction industry to the GDP of the Republic of Belarus, the number of people employed in the construction industry, dynamic investment in construction and installation projects, growth rate and updates of building fixed assets, performance indicators of the building organisations, contract work growth rates by regional and Minsk «building» activities types. This study is a summary of the current trends in the construction industry of the Republic of Belarus, due to macroeconomic and socio-political changes in the country.

Author Biography

  • Yue Taishan, State Power Investment Corporation Limited, 29 North 3rd Ring Road, building 1, Beijing 100029, China

    chief financial officer

References

  1. Beloussova LS. Regional complex development management [dissertation]. Saint Petersburg: Saint Petersburg University of Economics; 2010. 453 p. Russian.
  2. Flanagan R, Lu W, Shen L, Jewell C. Competitiveness in construction: a critical review of research. Construction Management and Economics. 2007;25(9):989–1000. DOI: 10.1080/01446190701258039.
  3. Anaman KA, Osei-Amponsah C. Analysis of the causality links between the growth of the construction industry and the growth of the macroeconomy in Ghana. Construction Management Economic. 2007;25(9):951–961. DOI: 10.1080/01446190701411208.
  4. Berk N, Bicen S. Causality between the construction sector and GDP growth in emerging countries: the case of Turkey. Athens Journal of Mediterranean Studies. 2017;4:19–36. DOI: 10.30958/ajms.4-1-2.
  5. Fan Y, Wu S, Lu Y, Zhao Y. Study on the effect of the environmental protection industry and investment for the national economy: an input-output perspective. Journal of Cleaner Production. 2019;227:1093–1106. DOI: 10.1016/j.jclepro.2019.04.266.

Downloads

Additional Files

Published

2021-12-27

Issue

No. 2 (2021): Journal of the Belarusian State University. Economics

Section

O. Economic Development, Innovation, Technological Change, and Growth

License

The authors who are published in this journal agree to the following:

  1. The authors retain copyright on the work and provide the journal with the right of first publication of the work on condition of license Creative Commons Attribution-NonCommercial. 4.0 International (CC BY-NC 4.0).
  2. The authors retain the right to enter into certain contractual agreements relating to the non-exclusive distribution of the published version of the work (e.g. post it on the institutional repository, publication in the book), with the reference to its original publication in this journal.
  3. The authors have the right to post their work on the Internet (e.g. on the institutional store or personal website) prior to and during the review process, conducted by the journal, as this may lead to a productive discussion and a large number of references to this work. (See The Effect of Open Access.)

How to Cite

[1]
Yue Taishan 2021. The comprehensive assessment of the contribution of the Belarusian construction industry to the development of the national economy. Journal of the Belarusian State University. Economics. 2 (Dec. 2021), 116–122.