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Abdel-Wahab, M and Vogl, B (2011) Trends of productivity growth in the construction industry across Europe, US and Japan. Construction Management and Economics, 29(06), 635–44.
- Type: Journal Article
- Keywords: productivity; growth accounting; skills; capital
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446193.2011.573568
- Abstract:
Productivity is a key driver for economic growth and prosperity in any country. The pursuit of productivity growth requires an understanding of the factors affecting productivity. The trend of productivity growth, along with the possible factors underlying such growth across Europe, the US and Japan, is thus examined. In particular, there is a focus on comparing the productivity performance of the construction sector to that of other industries. Using the recently released EU KLEMS 1 database, 2 a growth accounting framework was adopted to assess the contribution of the following factors to productivity growth (during 1971?2005): capital, labour quality and total factor productivity (TFP). It was found that there is a general slowdown in labour productivity growth in total industries including construction across major OECD countries, with the exception of the UK. The differences in labour productivity growth between construction and total industries can be largely explained by construction?s poor TFP performance. With the exception of the UK, TFP negatively contributed to labour productivity growth in the period 1990?2005, suggesting that the industry has become less efficient in combining the factors of production. That phenomenon seems to be consistent across all selected countries and warrants further investigation. Indeed a better understanding of the factors underlying productivity growth in OECD countries is a prerequisite for effective intervention of policy makers to support sustained productivity growth.
Chi, C S F and Nicole Javernick‐Will, A (2011) Institutional effects on project arrangement: high‐speed rail projects in China and Taiwan. Construction Management and Economics, 29(06), 595–611.
Gambatese, J A and Hallowell, M (2011) Enabling and measuring innovation in the construction industry. Construction Management and Economics, 29(06), 553–67.
Gundes, S (2011) Input structure of the construction industry: a cross‐country analysis, 1968–90. Construction Management and Economics, 29(06), 613–21.
Hartono, B and Yap, C M (2011) Understanding risky bidding: a prospect‐contingent perspective. Construction Management and Economics, 29(06), 579–93.
Murray, B and Smyth, H (2011) Franchising in the US remodelling market: growth opportunities and barriers faced by general contractors. Construction Management and Economics, 29(06), 623–34.
Zhang, H, Xing, F and Liu, J (2011) Rehabilitation decision-making for buildings in the Wenchuan area. Construction Management and Economics, 29(06), 569–78.