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Multifactor productivity measures of construction sectors using OECD input-output database
journal contributionposted on 2005-09-01, 00:00 authored by Chunlu LiuChunlu Liu, Y Song
This research develops a new productivity measurement framework for the construction sector in the light of an input-output table. Three group multifactor productivity indicators are formulated based on the multiplier concepts in the input-output analysis. This measurement framework focuses on the intro-industry flows of products and considers the direct and indirect effects of input and output. Moreover, this framework enables us to measure the multifactor productivity of a specific sector systematically. Historical analyses and international comparisons are carried out to indicate the differences of the productivity of the construction sectors in seven selected countries, using the newly published OECD input-output database. Research findings are expected to clarify how technological, organizational and political factors affect the productivity growth, enabling the policy makers, construction businesses and researchers to quantify the competitive ability of the construction sector.