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Total factor productivity in Singapore construction

Total factor productivity in Singapore construction This study uses the Tornqvist index to estimate the total factor productivity TFP for the Singapore construction industry between 1980 and 1996. Throughout the period, the main contribution to real construction output growth was capital accumulation. TFP was found to be negative, indicating that construction productivity growth has not been spectacular, even in a dynamic and rapidly growing economy such as Singapore. The result is in broad agreement with previous estimates of TFP for the entire Singapore economy. A lot needs to be done to improve construction productivity, as the industry cannot continue to grow by increasing factor inputs indefinitely without an accompanying rise in efficiency. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Engineering, Construction and Architectural Management Emerald Publishing

Total factor productivity in Singapore construction

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0969-9988
DOI
10.1108/eb021140
Publisher site
See Article on Publisher Site

Abstract

This study uses the Tornqvist index to estimate the total factor productivity TFP for the Singapore construction industry between 1980 and 1996. Throughout the period, the main contribution to real construction output growth was capital accumulation. TFP was found to be negative, indicating that construction productivity growth has not been spectacular, even in a dynamic and rapidly growing economy such as Singapore. The result is in broad agreement with previous estimates of TFP for the entire Singapore economy. A lot needs to be done to improve construction productivity, as the industry cannot continue to grow by increasing factor inputs indefinitely without an accompanying rise in efficiency.

Journal

Engineering, Construction and Architectural ManagementEmerald Publishing

Published: Feb 1, 2000

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