Chau, K W and Walker, A (1988) The measurement of total factor productivity of the Hong Kong construction industry. Construction Management and Economics, 6(3), pp. 209-224. ISSN 01446193
Abstract
Previous research work concerning construction productivity has often been related to labour productivity. Although easy to measure and understand, labour productivity may be misleading in measuring the efficiency of utilization of resources. An alternative concept - total factor productivity - is preferred. However, this concept has seldom been used in empirical research of construction productivity due to problems of measurement and availability of data. This paper presents a method of indirectly measuring the total factor productivity of the construction industry using various construction cost and price indices and other statistics. Although special reference has been made to the construction industry of Hong Kong, the same approach should also be applicable to other countries.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Hong Kong; input mix; labour cost index; material cost index; output mix; profit margin; tender price index; total factor productivity |
| Index terms: | Hong Kong, efficiency, construction cost, cost index, labour cost, labour productivity, statistics, construction productivity, construction industry, profit, total factor productivity, tender price index |
| Subjects: | Geography, performance management, management, quantity surveying, cost management, industry analysis, production economics, mathematical modelling, financial and cost management, economic analysis, operations management |
| Topics: | Site Management, Quality Management, Procurement, Project Management, Geographical Context, Research Practice, Business Strategy, Cost Management |
| Descriptive scope: | 4 PCTA |
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