Littera Scripta (May 2012)
Regional Disparities in the Development of the Construction Sector in the Czech Republic
Abstract
The study deals with the development of the civil engineering industry in the Czech Republic from 1998 to 2011. It should be mentioned that civil engineering is usually the first industry that is affected when it comes to an economic crises. The improvement of outcomes of the civil engineering industry on the contrary indicates the improvement of the entire economy of the country. The study doesn’t asses only civil engineering in the Czech Republic in its entirety but rather reveals the regional disparities at the level of individual regions. In this issue a bankruptcy model was selected as an indicator – Taffler’s index. Taffler’s index has an advantage when it is compared to e.g. Altman’s index, because it doesn’t gauge only the inclination of the company to come to extinction or to preservation but it is able to appreciate any appropriate level of credibility of the company.
