The Structural Analysis Of Construction Sector Of Turkey And Its Effect On The Selected Macroeconomic Indicators
DOI:
https://doi.org/10.12775/CJFA.2015.002Keywords
construction sector, economic indicators, TurkeyAbstract
In this study the Turkish construction sector was structurally considered and the effect of sector on some selected macroeconomic indicators was analyzed. In this scope, besides the statistical indicators, the linkages of sector with the other sectors were handled. As a result of evaluations, the construction sector affects the national income significantly. There is a high level correlation between the growth of construction sector and the growth of national income. In this scope, while the construction sector grows in higher rates, in the periods, when the economic growth actualizes; in the crisis periods, it downsizes in the higher rates. When the figures of employment are taken into consideration the employment of main construction sector increases with every passing day. Depending on development of foreign constructing services, the positive effect of construction sector on the Balance of Payments becomes more important with every passing year. When the backward and forward linkages of sector are considered, it was identified that the forward linkages are weaker than the backward linkages.
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