Construction Production as a Key Indicator of the Territorial Development

• Published in: IOP conference series. Materials Science and Engineering 2019-09, Vol.603 (4), p.42017
• Main Authors: Vankova, Lucie, Kocourkova, Gabriela, Krejza, Zdenek
• Format: Article
• Language: English
• Subjects: Construction industry; Economics; GDP; Gross Domestic Product; Indicators
• ISSN: 1757-8981; 1757-899X; 1757-899X
• DOI: 10.1088/1757-899X/603/4/042017

Balanced territorial development is essential for the long-term sustainable competitiveness of the region. There is a tendency to make use of the strengths of the region and fully develop its potential. The competitiveness of the region depends on its economic level and, vice versa, the economic level of the region is based on its competitiveness. There are significant differences between the regions in the Czech Republic. Differences between the developed and less developed regions have been constantly increasing. There are indicators that are monitored at a certain level of quality and time horizon to determine these differences. These indicators can be the indicators of the national economy, however, also indicators for monitoring differences in construction industry. Industry represents a significant sector of the economy of the Czech Republic, representing 35% of the Czech economy and employing more than 40% of the economically active population. One of the pillars of the Czech industry is represented by construction industry. The research presented in the article deals with the issue of the territorial development in relation to the construction production. The aim of the research is to use analysis of the regions of the Czech Republic to identify those with the potential for the future development in the construction production. The regions were compared with each other within the period 1998-2016 in terms of the national economy and construction industry indicators. When comparing these indicators, some dependence can be seen. In most of the cases, GDP grows with the rise in construction production. In some regions, construction production had a larger share on the changes in GDP and in other regions, smaller. The GDP dynamics in individual regions was different in individual regions. Differences in the pace resulted in the fact that some regions achieved better results than the national average. In other regions the pace was slower and their development was lagging behind the national results. The size and location of the regions within the Czech Republic also have an impact on the value of these indicators. The research results show that all regions have the potential for future development. However, for some of them, this development will take place more slowly and on a smaller scale than in the others.