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Barrett, P S and Barrett, L C (2003) Research as a kaleidoscope on practice. Construction Management and Economics, 21(07), 755-66.
Cho, Y (2003) The organizational boundaries of housebuilding firms in Korea. Construction Management and Economics, 21(07), 671-80.
Dainty, A R J and Edwards, D J (2003) The UK building education recruitment crisis: a call for action. Construction Management and Economics, 21(07), 767-75.
Kaka, A P and Lewis, J (2003) Development of a company-level dynamic cash flow forecasting model (DYCAFF). Construction Management and Economics, 21(07), 693-705.
Perttula, P, Merjama, J, Kiurula, M and Laitinen, H (2003) Accidents in materials handling at construction sites. Construction Management and Economics, 21(07), 729-36.
Phua, F T T and Rowlinson, S (2003) Cultural differences as an explanatory variable for adversarial attitudes in the construction industry: the case of Hong Kong. Construction Management and Economics, 21(07), 777-85.
Pongpeng, J and Liston, J (2003) A multicriteria model's survey: state of the art and some necessary capabilities of future models. Construction Management and Economics, 21(07), 665-70.
Shohet, I M (2003) Building evaluation methodology for setting maintenance priorities in hospital buildings. Construction Management and Economics, 21(07), 681-92.
Su, C-K, Lin, C-Y and Wang, M-T (2003) Taiwanese construction sector in a growing 'maturity' economy, 1964-1999. Construction Management and Economics, 21(07), 719-28.
Tam, C M, Fung, I W H, Yeung, T C L and Tung, K C F (2003) Relationship between construction safety signs and symbols recognition and characteristics of construction personnel. Construction Management and Economics, 21(07), 745-53.
Wanous, M, Boussabaine, A H and Lewis, J (2003) A neural network bid/no bid model: the case for contractors in Syria. Construction Management and Economics, 21(07), 737-44.
Zhi, M, Hua, G B, Wang, S Q and Ofori, G (2003) Total factor productivity growth accounting in the construction industry of Singapore. Construction Management and Economics, 21(07), 707-18.
- Type: Journal Article
- Keywords: Total factor productivity; growth accounting; Singapore; translog production function; indicators
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/0144619032000056126
- Abstract:
Total factor productivity (TFP) determines long-term economic growth and is a comprehensive industry level productivity measure. This paper proposes Jorgenson’s method as an appropriate TFP measurement for the construction industry. The method is less restrictive than the conventional Chau’s approach, as it does not impose the Hick Neutral Technical Change assumption. Jorgenson’s method is then applied to estimate TFP growth in the construction industry of Singapore over 1984-1998. TFP growth is found down by 1.53% per annum over this period, indicating that the performance of TFP in the construction industry lags behind the rest of economy. TFP growth is also found to be fluctuating over time and tends to move in tandem with the construction business cycle. As a monitor of progress towards TFP achievement, factors influencing TFP growth in the construction industry of Singapore over 1984-1997 are identified. Seven factors are found to be significantly related to TFP growth. Among them, economies of scale, R&D by the industry, investment allowance granted and labour unions are leading contributors to TFP growth; while foreign worker, construction accidents and pre-cast are major hampers. The general methodology presented in this study can be applied to other countries. Future studies are required to find appropriate indicators for factors unquantified.