Podrobný výpis o publikaci

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.