Explaining total factor productivity trend in building construction: Empirical evidence from Hong Kong

International Journal of Construction Management

Volumn 9, Issue 2, 2009, Pages 45-54

  Chau, K W ^a  

^a UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Catching up hypothesis; Hong kong; Time compression diseconomies; Total factor productivity

Indexed keywords

EID: 77949851975     PISSN: None     EISSN: 15623599     Source Type: Journal    
DOI: 10.1080/15623599.2009.10773128     Document Type: Article

References (40)

1. Allen, S.G. (1985). "Why construction industry productivity is declining", Review of Economics and Statistics, 467, 4, 661-69.
2. Allmon. E, Hass, C.T., Borcherding, J.D. and Goodrum, P.M. (2000). "U.S. Construction Labor Productivity Trends, 1970-1998", Journal of Construction Engineering and Management, 126, 2, 97-104.
3. Allmon. E, Haas,C.T., Borcherding, J.D. and Goodrum, P.M. (2000). "U.S. Construction Labor Productivity Trends, 1970-1998", Journal of Construction Engineering and Management, 126, 2, 97-104.
4. Bowlby, R.L. and Schriver, W.R. (1986). "Observations on productivity and composition of building construction output in the United States, 1972-82", Construction Management and Economics, 4, 1, 1-18.
5. Breusch, T.S. (1978) "Testing for autocorrelation in dynamic linear models", Australian Economic Papers, 17, 31, 334-355.
6. Cassimatis, J. (1969). Economics of the Construction Industry, New York: National Industrial onference Board.
7. Chau, K.W. (1990). "On the estimation of the output growth rate and price trend of the Hong Kong construction industry", Journal of Real Estate&Construction, 1, 1, 46-59.
8. Chau, K.W. (1993). "Estimating industry level productivity trends in the building industry from building cost and price data", Construction Management and Economics, 11, 4, 370-83.
9. Chau, K.W. and Walker, A. (1994). "An analysis of factors determining project level labour productivity of construction projects in Hong Kong", Proceedings of the CIOB International Conference on the Changing Roles of Contractors in Asia Pacific Rim, 133-144.
10. Chau, K.W. (1998). "The Implications of the Difference in the Growth Rates of the Prices of Building Resources and Outputs in Hong Kong" Engineering, Construction and Architectural Management, 5, 1, 38-50.
11. Chau, K.W. and Walker, A. (1988). "The measurement of total factor productivity in the Hong Kong construction industry", Construction Management and Economics, 6, 3, 209-24.
12. Chau, K.W. and Walker, A. (1990). "Industry-level productivity trend of the construction industry - some empirical observations in Hong Kong", Proceedings of CIB International Symposium on Building Economics and Construction Management, 1, 79-90.
13. Christensen, L.R., Jorgenson, D.W. and Lau, L.J. (1973). "Transcendental Logarithmic Production Frontiers", Review of Economics and Statistics, 55, 1, 29-55.
14. Clemhout, S. (1981). "The impact of housing cyclicality on the construction of residential units and housing costs." Land Economics, 57, 4, 609-623.
15. Conrad and Wastl (2000). "Catching-up of Japanese with German industries: Production, infrastructure, and R& D", Pacific Economic Review, 5, 2, 135-55.
16. Cremeans, J.E. (1981). "Productivity in the construction industry", Construction Review, 27,4-6.
17. Dacy, D.C. (1965). "Productivity and price trends in construction since 1947", Review of Economics and Statistics, 47, 4, 406-411.
18. Dierickx, I., Cool, K. and Barney, J.B. (1989). "Asset stock accumulation and sustainability of competitive." Management Science, 35, 12 1504-1513.
19. Finkel, G. (1997). The economics of the construction industry, Armonk, N. Y. and London: Sharp.
20. Ganesan, S. (1984). "Construction productivity", Habitat International, 8, 3, 29-42.
21. Godfrey, L.G. (1978). "Testing against general autoregressive and moving average error models when the regressors include lagged dependent variables", Econometrica, 46, 6 1293-1301.
22. Good rum, P.M. and Haas, C.T. (2004). "Long-Term Impact of Equipment Technology on Labor Productivity in the U.S. Construction Industry at the Activity Level, Journal of Construction Engineering and Management, 130, 1, 124-133.
23. Gordon, R.J. (1968). "A new view of real investment in structures" Review of Economics and Statistics, 50, 4, 417-428.
24. Kau, J.B. and Sirmans, C.F. (1983). "Technological change and economic growth in housing" Journal of Urban Economics, 13, 283-95.
25. Kim, L. (1999) Learning and innovation in economic development, Cheltenham: Edward Elgar Publishing.
26. Lowe, J.G. (1984). "The measurement of productivity in the construction industry", Construction Management and Economics, 5, 2,115-21.
27. MacAuley, P. (1981). "Economic trends in the construction industry, 1965 - 80", Construction Review, 27,7-18.
28. Pedersen, D.O. (1990). "Productivity measurement in the construction sector - a case study of Denmark 1966-1987", in Proceedings of CIB International Symposium on Building Economics and construction Management, 1, 240-51.
29. Radosevic, S. (1999). International technology transfer and catch-up in economic development, Cheltenham: Edward Elgar Publishing.
30. Reinert, E.S. (1994). "Catching-up from the way behind - a third world perspective on first world history", in The dynamics of technology, trade and growth, Fagerberg, J., Verspagen, B. and Tunzelmann, N. (ed.), Aldershot, Hants: E. Elgar Pub. Co.
31. Rosefielde, S. and Mills, D.Q. (1979). "Is construction technologically stagnant? " in The Construction Industry, J.E. Lange and D.Q. Mill (eds.), Lexington, Mass: Heath, 83-114.
32. Rojas, E.M. andAramvareekul, P. (2003). "Is Construction Labor Productivity Really Declining?" Journal of Construction Engineering and Management, Volume 129, Issue 1, 41-46.
33. Rossow, J.A.K. and Maovenzadch, F. (1977). Technology and productivity in highway construction, Cambridge, Mass.: TAPReportno. 77.1, Technology Adaptation Program.
34. Salter, W.E.O. (1966). Productivity and technical change, Cambridge: The University Press.
35. Shin, J. (1996). The economics of the latecomers: catching-up, technology transfer and institutions in Germany, Japan and South Korea, London: Routledge.
36. Stokes, H.K. Jr. (1981). "An examination of the productivity decline in the construction industry", Review of Economics and Statistics, 63, 4, 495-502.
37. Strandell, M. (1978). "Productivity in the construction industry", American Association of Construction Engineers Bulletin, 20, 2, 57-61.
38. Tan, W. (2000). "Total factor productivity in Singapore construction", Engineering Construction & Architectural Management, 7,2, 154-8.
39. White, H. (1980). "A heteroskedasticity-consistent covariance matrix and a direct test for heteroskedasticity", Econometrica, 48, 4, 817-838.
40. 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, 7, 707-718.