De Jorge Moreno, J; De Jorge Huertas, V and Rojas Carrasco, O (2016) Assessment of the efficiency of the Spanish construction industry using parametric methods: Case study. Journal of Construction Engineering and Management, 142(9): 05016008, ISSN 0733-9364
Abstract
This paper assesses technical efficiency and its determinants in the Spanish construction sector from a comparative perspective for the period 2000 to 2010 by using different parametric approaches in the form of stochastic frontier models. The main results reveal similar (no) influential factors on efficiency. For all models, the determinants found were capital intensity, prefinancial and postfinancial crisis periods, and workers' skills. There was no difference in terms of sign and statistical significance. Firm age was positively related to efficiency in two of the three models. Firm size was not significant in any model. Finally, the average efficiency values obtained by the models are 55.3, 69.2, and 91.0%, suggesting the possibility of significant improvements in resource management.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | age; capital intensity; cost and schedule; panel data; size; skills; stochastic frontier models; technical efficiency |
| Index terms: | influential factor, construction sector, resource management, determinant, construction industry, case study, efficiency |
| Subjects: | control systems, data collection methods, risk assessment, performance management, industry analysis |
| Topics: | Quality Management, Risk Management, Project Management, Research Practice |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here