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Article: Technological progress and the productive efficiency of construction firms in Hong Kong, 1981-2001

TitleTechnological progress and the productive efficiency of construction firms in Hong Kong, 1981-2001
Authors
KeywordsCatching-up process
Construction firms
Data envelopment analysis
Hong kong
Productive efficiency
Subcontracting
Issue Date2005
PublisherWorld Scientific Publishing Co Pte Ltd. The Journal's web site is located at http://www.worldscinet.com/journals/jcr/jcr.shtml
Citation
Journal Of Construction Research, 2005, v. 6 n. 2, p. 195-207 How to Cite?
AbstractThis study investigates the factors that affect the productive efficiency of construction firms in Hong Kong. Productive efficiency refers to a comparison of the volume of output to that of the resources used to produce the output. This comparison reflects the technological capability of the firm. Not only does such a capability vary across different firms at any point in time, it also changes over time due to technological progress. This study measures the productive efficiency of construction firms using a non-parametric technique - Data Envelopment Analysis (DEA). The results of this study suggest that: (1) economies of scale exist at the firm level; (2) firms that subcontract out more of their work have lower productive efficiency; and (3) more capital intensive firms tend to have lower productive efficiency, although these firms also have higher growth rates in productive efficiency over time. Over the period of observation, the average productive efficiency of all construction firms has increased at a noticeably decreasing rate, thereby confirming the catching-up hypothesis. The results of the study have important implications for practitioners and policymakers. © World Scientific Publishing Company.
Persistent Identifierhttp://hdl.handle.net/10722/81885
ISSN
2009 SCImago Journal Rankings: 0.130
References

 

DC FieldValueLanguage
dc.contributor.authorChau, KWen_HK
dc.contributor.authorPoon, SWen_HK
dc.contributor.authorWang, YSen_HK
dc.contributor.authorLu, LLen_HK
dc.date.accessioned2010-09-06T08:23:03Z-
dc.date.available2010-09-06T08:23:03Z-
dc.date.issued2005en_HK
dc.identifier.citationJournal Of Construction Research, 2005, v. 6 n. 2, p. 195-207en_HK
dc.identifier.issn1609-9451en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81885-
dc.description.abstractThis study investigates the factors that affect the productive efficiency of construction firms in Hong Kong. Productive efficiency refers to a comparison of the volume of output to that of the resources used to produce the output. This comparison reflects the technological capability of the firm. Not only does such a capability vary across different firms at any point in time, it also changes over time due to technological progress. This study measures the productive efficiency of construction firms using a non-parametric technique - Data Envelopment Analysis (DEA). The results of this study suggest that: (1) economies of scale exist at the firm level; (2) firms that subcontract out more of their work have lower productive efficiency; and (3) more capital intensive firms tend to have lower productive efficiency, although these firms also have higher growth rates in productive efficiency over time. Over the period of observation, the average productive efficiency of all construction firms has increased at a noticeably decreasing rate, thereby confirming the catching-up hypothesis. The results of the study have important implications for practitioners and policymakers. © World Scientific Publishing Company.en_HK
dc.languageengen_HK
dc.publisherWorld Scientific Publishing Co Pte Ltd. The Journal's web site is located at http://www.worldscinet.com/journals/jcr/jcr.shtmlen_HK
dc.relation.ispartofJournal of Construction Researchen_HK
dc.subjectCatching-up processen_HK
dc.subjectConstruction firmsen_HK
dc.subjectData envelopment analysisen_HK
dc.subjectHong kongen_HK
dc.subjectProductive efficiencyen_HK
dc.subjectSubcontractingen_HK
dc.titleTechnological progress and the productive efficiency of construction firms in Hong Kong, 1981-2001en_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=1609-9451&volume=6&spage=195&epage=207&date=2005&atitle=Technological+Progress+and+the+Productive+Efficiency+of+Construction+Firms+in+Hong+Kong+1981-2001en_HK
dc.identifier.emailChau, KW:hrrbckw@hkucc.hku.hken_HK
dc.identifier.emailPoon, SW:swpoon@hkucc.hku.hken_HK
dc.identifier.authorityChau, KW=rp00993en_HK
dc.identifier.authorityPoon, SW=rp01017en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1142/S1609945105000390en_HK
dc.identifier.scopuseid_2-s2.0-33645524685en_HK
dc.identifier.hkuros123347en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33645524685&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume6en_HK
dc.identifier.issue2en_HK
dc.identifier.spage195en_HK
dc.identifier.epage207en_HK
dc.publisher.placeSingaporeen_HK
dc.identifier.scopusauthoridChau, KW=24830082500en_HK
dc.identifier.scopusauthoridPoon, SW=7102884280en_HK
dc.identifier.scopusauthoridWang, YS=7601488826en_HK
dc.identifier.scopusauthoridLu, LL=35262773400en_HK

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