Li, Y and Liu, C (2010) Malmquist indices of total factor productivity changes in the Australian construction industry. Construction Management and Economics, 28(9), pp. 933-945. ISSN 1466433X
Abstract
Construction is an important industry and forms a vital part of national economics in the world. Factors affecting the productivity of the construction industry should be measured appropriately to reflect its development situation and economic performance. The Malmquist index method with a novel decomposition technique is employed to estimate the total factor productivity of the Australian construction industry during the period 1990-2007 and to analyse the factors affecting the technological change in the industry. Research results exemplified by two input variables and one output variable elaborate how construction technology, pure technical efficiency and scale economy take effect in the change of construction productivity. In addition, based on temporal and spatial comparisons, the analysis for construction productivities reveals their changes over time and across the country. Proposals and recommendations are expected to be beneficial for policy making and strategic decisions to improve the performance of the Australian construction industry.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Australia; construction industry; data analysis envelopment; malmquist total factor productivity |
| Index terms: | total factor productivity, data analysis, policy making, proposal, Australia, productivity, efficiency, construction technology, construction industry, construction productivity, estimate, technological change |
| Subjects: | industry analysis, performance management, management, Geography, operations management, financial and cost management, project planning, data analysis and analytics, policy studies, digital engineering, production economics, innovation studies |
| Topics: | Quality Management, Digital Applications, Project Management, Geographical Context, Research Practice, Business Strategy, Cost Management, Governance |
| 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