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Measuring productivity changes in the Korean construction management industry

Title
Measuring productivity changes in the Korean construction management industry
Author
이윤선
Keywords
construction industry; construction management; total factor productivity; malmquist productivity index; bootstrap; MALMQUIST; EFFICIENCY; INDEXES; DEA
Issue Date
2016-09
Publisher
KOREAN SOCIETY OF CIVIL ENGINEERS-KSCE
Citation
KSCE JOURNAL OF CIVIL ENGINEERING, v. 20, No. 6, Page. 2154-2161
Abstract
This paper presents an empirical assessment of productivity changes within the Korean Construction Management (CM) industry using a non-parametric Malmquist bootstrap methodology. For the purposes of this paper, the Global Malmquist productivity index (MPIG)-based productivity measurement procedure is designed to evaluate changes in productivity within the CM market between 2006 and 2012. To do so, it uses data from public announcements related to CM capabilities. Productivity estimates were statistically verified using the bootstrapping method. As a result of these estimations, this study showed that despite quantitative industry-wide growth, the average productivity of the service business firms in the Korean CM industry did not increase between 2006 and 2012. In total, the productivity of Korean CM firms were affected by environmental factors, including changes in the businesses cycle of the CM industry. Decreases in a firm's managerial and strategic capabilities resulted in a parallel decline in that firm's actual productivity, despite technical advances in the market. Efforts to promote technical efficiency among some firms, however, could overcome technological declines in the market.
URI
https://link.springer.com/article/10.1007/s12205-015-0476-zhttp://repository.hanyang.ac.kr/handle/20.500.11754/69439
ISSN
1226-7988; 1976-3808
DOI
10.1007/s12205-015-0476-z
Appears in Collections:
RESEARCH INSTITUTE[E](부설연구소) > RESEARCH INSTITUTE OF ENGINEERING & TECHNOLOGY(공학기술연구소) > Articles
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