Chancellor, W and Abbott, M (2015) The Australian construction industry: Is the shadow economy distorting productivity? Construction Management and Economics, 33(3), pp. 176-186. ISSN 01446193
Abstract
Estimates of the size and change in the Australian construction industry shadow economy value over time are provided and applied as a quality adjustment to Australian construction industry productivity growth from 1985 to 2012. The results indicate that the Australian construction industry shadow economy is growing and that by adjusting for the shadow economy, distortion is removed from construction industry productivity growth estimates. The findings create significant scope for future research into the estimation and the effect of shadow economic activity on productivity growth, not just in Australia but in other countries as well.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Australia; construction industry; productivity |
| Index terms: | distortion, productivity, Australia, estimation, construction industry, estimate, economic activity |
| Subjects: | economic analysis, financial and cost management, networking, industry analysis, management, Geography |
| Topics: | Engineering Principles, Geographical Context, Research Practice, Cost Management, Business Strategy |
| Descriptive scope: | 3 PCT |
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