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Total factor productivity in Singapore construction

WILLIE TAN (School of Building and Real Estate, National University of Singapore, Kent Ridge Crescent, Singapore 119260, Singapore)

Engineering, Construction and Architectural Management

ISSN: 0969-9988

Article publication date: 1 February 2000

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.

Keywords

Citation

TAN, W. (2000), "Total factor productivity in Singapore construction", Engineering, Construction and Architectural Management, Vol. 7 No. 2, pp. 154-158. https://doi.org/10.1108/eb021140

Publisher

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MCB UP Ltd

Copyright © 2000, MCB UP Limited