Housing construction impact in Colombia 1990-2005: An approach from output input methodology

Abstract

The housing construction sector has historically been one of the most important ones from the social and economic point of view, especially in Colombia. Many impacts are created from the process of house building, principally on the GDP and the variables related to it. The first part of this paper shows how important this sector is for the Colombian economy from a review of statistical data, then, different applications of input-oputput model for the construction sector in Colombia are developed, verifying how important this sector has been on the economic activity; finding that there is a great participation on employment and also an increase in exploiting raw surplus, along with a decrease in the wage levels in the added value.