Trends of productivity growth in the construction industry across Europe, US and Japan
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 KLEMS1 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.
productivity growth accounting skills capital
Mohamed Abdel-wahab Bernard Vogl
Scott Sutherland School of Architecture and Built Environment, Robert Gordon University,Aberdeen, UK Hochschule Niederrhein and Niederrhein Institut für Regional-und Strukturforschung, M(o)nchengladbac
国内会议
“城市发展与工程管理——转型、变革、创新”国际学术研讨会暨中国建筑学会工程管理研究分会2012年年会
济南
英文
94-106
2012-09-22（万方平台首次上网日期，不代表论文的发表时间）