THE STUDY OF GROWTH FACTORS OF THE PROFIT ORIENTED BUSINESS IN THE CONSTRUCTION INDUSTRY

Sergey Oparin (), Nikolay Chepachenko (), Marina Yudenkо () and Irina Kuzovleva ()
Additional contact information
Sergey Oparin: Chair of Economics and management in the construction Petersburg State Transport University Emperor Alexander I, Saint-Petersburg
Nikolay Chepachenko: Department of Economics and management in the construction Petersburg State Transport University Emperor Alexander I, Saint-Petersburg
Marina Yudenkо: Department of Economics and management in the construction Petersburg State Transport University Emperor Alexander I, Saint-Petersburg
Irina Kuzovleva: Department of Economics and management Bryansk state engineering- technological University, Bryansk

CBU International Conference Proceedings, 2018, vol. 6, issue 0, 361-365

Abstract: This study concluded that the problems of economic growth are determined by a number of factors, the main of which are – economic, industrial, technological, institutional, non-economic. The article focuses on the analysis of institutional factors which regulate companies’ activities by reducing the impact of administrative barriers. This article identifies the role of economic efficiency and its influence on the economic growth of the construction industry businesses. This article offers a method of profit calculation by the reduction of transaction costs. This method is adapted to the construction sector, which features a number of independent and related fields, a large number of participants of the construction process and institutions that altogether lead to the occurrence of administrative barriers. The calculations that were done confirm that the reduction of transaction costs affects the efficiency of construction companies. The resulting extra profit, from reducing the transaction costs, is a source of economic growth for companies in the construction industry.

Keywords: institutional factorseconomic growth; construction; entrepreneurship; economic efficiency; administrative barriers (search for similar items in EconPapers)
JEL-codes: K21 M21 O12 O43 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ojs.journals.cz/index.php/CBUIC/article/view/1183/1728 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aad:iseicj:v:6:y:2018:i:0:p:361-365

DOI: 10.12955/cbup.v6.1183

Access Statistics for this article

More articles in CBU International Conference Proceedings from ISE Research Institute
Bibliographic data for series maintained by Petr Hájek ().