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Article: The characteristics of the production structure and the nature of technological progress in Hong Kong's construction industry

TitleThe characteristics of the production structure and the nature of technological progress in Hong Kong's construction industry
Authors
KeywordsCatching-Up Hypothesis
Elasticity Of Substitution
Industrialization
Mechanisation
Production Function
Technological Progress
Issue Date2009
PublisherThe Chinese Research Institute of Construction Management. The Journal's web site is located at http://www.bre.polyu.edu.hk/ijcm_Abstract/index.htm
Citation
International Journal Of Construction Management, 2009, v. 9 n. 1, p. 27-42 How to Cite?
AbstractThere has been continuing effort in the construction industry to substitute other types of construction resources for labour due to the high construction labour cost in Hong Kong. The two major types of labour saving technology are mechanization (substitution of capital for labour) and industrialization in the form of use of prefabricated components (substitution of materials for labour). Empirical data from Hong Kong suggests that mechanization is more effective than industrialization. We also found that technological progress in Hong Kong's construction industry is not Hicks-neutral. In addition, there has been a noticeable decline in technological progress in recent years, which is consistent with the catching-up hypothesis. Finally, we found significant economies of scale. Increasing return toscale has been the major source of productivity growth in recent years.
Persistent Identifierhttp://hdl.handle.net/10722/168772
ISSN
2015 SCImago Journal Rankings: 0.203
References

 

DC FieldValueLanguage
dc.contributor.authorChau, KWen_US
dc.contributor.authorZhu, RDen_US
dc.date.accessioned2012-10-08T03:32:17Z-
dc.date.available2012-10-08T03:32:17Z-
dc.date.issued2009en_US
dc.identifier.citationInternational Journal Of Construction Management, 2009, v. 9 n. 1, p. 27-42en_US
dc.identifier.issn1562-3599en_US
dc.identifier.urihttp://hdl.handle.net/10722/168772-
dc.description.abstractThere has been continuing effort in the construction industry to substitute other types of construction resources for labour due to the high construction labour cost in Hong Kong. The two major types of labour saving technology are mechanization (substitution of capital for labour) and industrialization in the form of use of prefabricated components (substitution of materials for labour). Empirical data from Hong Kong suggests that mechanization is more effective than industrialization. We also found that technological progress in Hong Kong's construction industry is not Hicks-neutral. In addition, there has been a noticeable decline in technological progress in recent years, which is consistent with the catching-up hypothesis. Finally, we found significant economies of scale. Increasing return toscale has been the major source of productivity growth in recent years.en_US
dc.languageengen_US
dc.publisherThe Chinese Research Institute of Construction Management. The Journal's web site is located at http://www.bre.polyu.edu.hk/ijcm_Abstract/index.htmen_US
dc.relation.ispartofInternational Journal of Construction Managementen_US
dc.subjectCatching-Up Hypothesisen_US
dc.subjectElasticity Of Substitutionen_US
dc.subjectIndustrializationen_US
dc.subjectMechanisationen_US
dc.subjectProduction Functionen_US
dc.subjectTechnological Progressen_US
dc.titleThe characteristics of the production structure and the nature of technological progress in Hong Kong's construction industryen_US
dc.typeArticleen_US
dc.identifier.emailChau, KW:hrrbckw@hkucc.hku.hken_US
dc.identifier.authorityChau, KW=rp00993en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-69249126742en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-69249126742&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume9en_US
dc.identifier.issue1en_US
dc.identifier.spage27en_US
dc.identifier.epage42en_US
dc.publisher.placeHong Kongen_US
dc.identifier.scopusauthoridChau, KW=24830082500en_US
dc.identifier.scopusauthoridZhu, RD=33568478000en_US

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