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SECTOR CONSTRUCCIÓN ¿PROBLEMA?

would like to share some information that might help to have a possible debate on the subject. The construction sector participation in the total gross added value has recovered to 1998 levels, growth in the first decade of the new century has brought back to previous levels. Would have to ask if there is a qualitative leap in this recovery as opposed to the 90's.

Source: INEI - Financial Information / National Accounts 2010

probably this means we are not against a reliance on construction activity. Each new sun produced, 6 cents is produced by the construction. The possibility of non-dependence can be seen even with labor force participation is given to normal rhythms.

Urban in Peru, in 2004 5.4% of the economically active population was employed in construction. This figure has increased slightly to 6.2% in 2009. Is it enough to say that the construction has grown in participation to make it dependent on the economy? Apparently not.

Source: INEI - Statistical Compendium 2010

The MTPE estimated average employment-output elasticity of 2.0 in the period 2003 - 2008 which would mean a diffusion effect in the construction under which we may demonstrate how this increase in VA was not associated with a high increase in employment in the economy in recent years. While the level of employment depends on many factors, but this is a sign.

The construction sector's performance and the total GDP is shown below. The variability of total GDP is higher than the sector. This has nothing strange, GDP has constraints on their behavior more volatile.

Source: INEI - Financial Information / National Accounts 2010

think the concern dependence of the national economy are not on the side of the building but the primary-export nature of the economy. The year 2009 has clearly noticed how the external shock of depressed global demand for raw materials suitable for braking of the economy quite dramatically. Unlike other economies barely grew at rates below 4%, how an economy growing at 8% levels slowed to a level of 0%? If you can see, the construction does not afectómucho, but as production stagnated. She is recovering, but is it sustainable?

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