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@inproceedings{28181, author = {Vochozka, Marek}, address = {Tallinn (Estonsko)}, booktitle = {7th international conference Economic Challenges in Enlarged Europe}, edition = {1. vyd.}, keywords = {Production function; prediction; GDP; construction industry; regression}, howpublished = {paměťový nosič}, language = {eng}, location = {Tallinn (Estonsko)}, pages = {1-12}, publisher = {Tallinn University of Technology}, title = {The Prediction of the Development of the Czech Economy in Relation to the Future Development of the Construction Industry}, year = {2015} }
TY - JOUR ID - 28181 AU - Vochozka, Marek PY - 2015 TI - The Prediction of the Development of the Czech Economy in Relation to the Future Development of the Construction Industry PB - Tallinn University of Technology CY - Tallinn (Estonsko) KW - Production function KW - prediction KW - GDP KW - construction industry KW - regression N2 - Even in 2015, we can conclude that the Czech economy is undergoing a continued recession that has persisted for many years. On the one hand, there is a short-lived record of low GDP growth. On the other hand, there is no long-lasting trend towards an improvement. Economists estimate that the development of the economy is primarily based on the evolution of macroeconomic variables such as GDP, the international trade balance, inflation, unemployment, investment rate etc. This paper aims to predict the future development of the construction industry in the Czech Republic by using the production functions with the possibility to predict the development of the entire economy. First, it is necessary to provide the production factors for the construction industry i.e. a set of inputs that is necessary to ensure the basic process of the enterprise: production. Subsequently, it was necessary to analyze the statements of the balancing of construction enterprises, especially the profit and loss sheet and to identify all in the form of consumption and costs. Then a production function of the industry was sought. The result of this contribution is the information of whether or not to evaluate and predict the development of the economy according to the development of the construction industry or more precisely the construction industry in the sum of individual businesses. ER -
VOCHOZKA, Marek. The Prediction of the Development of the Czech Economy in Relation to the Future Development of the Construction Industry. In \textit{7th international conference Economic Challenges in Enlarged Europe}. 1. vyd. Tallinn (Estonsko): Tallinn University of Technology. s.~1-12. ISSN~2382-6797. 2015.
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