Size and linkages of the Spanish construction industry: key sector or deformation of the economy?
利用投入产出方法比较西班牙与OECD发达经济体，发现西班牙建筑业规模明显过大，存在经济变形迹象，并初步估算该行业调整对收入和就业的影响。
Until its recent end, the Spanish construction industry enjoyed a decade of unprecedented growth, absorbing labour and capital from other sectors of the economy in huge amounts. Using the input--output methodology, we compare the picture for different countries in order to seek patterns and identify possible distortions associated with the extraordinary growth of the construction sector in Spain. We find that the sector is plainly oversized in Spain in comparison to its closest benchmarks, namely a group of OECD advanced economies. The available input--output data for Spain, covering several years, also provide evidence of a process of 'deformation' of the economy. On this basis, we provide an initial estimate of the impact a hypothetical adjustment in the industry would have on total income and employment in the economy. Copyright The Author 2010. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.