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Evaluation of trends in the UK construction industry using growth and productivity accounts

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  • Les Ruddock
  • Steven Ruddock

Abstract

For an assessment of the productivity performance of construction at the industry level, the quality of any analysis can be improved by the availability and use of detailed data on the basic components of the industry’s production function. The EU KLEMS Growth and Productivity Accounts comprise a dataset that provides a rich source of information on the sources of growth by industry, one of which is the construction industry (ISIC 45), since the 1970s for European Union countries and other major economies. The database allows a breakdown of factor inputs by the categorization of capital inputs into asset types and labour inputs into components such as skill levels to provide more precise measurement of sources of growth at industry level. The UK construction sector forms the focal point of the analysis and the results of this analysis provide evidence of a steady increase in the growth of ICT and improved labour skills usage and a relatively high rate of total factor productivity for the UK construction industry.

Suggested Citation

  • Les Ruddock & Steven Ruddock, 2011. "Evaluation of trends in the UK construction industry using growth and productivity accounts," Construction Management and Economics, Taylor & Francis Journals, vol. 29(12), pages 1229-1239.
    • Handle: RePEc:taf:conmgt:v:29:y:2011:i:12:p:1229-1239
    DOI: 10.1080/01446193.2011.645494
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    Cited by:

    1. Tero Kuusi & Martti Kulvik & Juha-Matti Junnonen, 2022. "Productivity Growth in Construction Value Chains," International Productivity Monitor, Centre for the Study of Living Standards, vol. 42, pages 3-32, Spring.
    2. Gui Ye & Yuhe Wang & Yuxin Zhang & Liming Wang & Houli Xie & Yuan Fu & Jian Zuo, 2019. "Impact of Migrant Workers on Total Factor Productivity in Chinese Construction Industry," Sustainability, MDPI, vol. 11(3), pages 1-18, February.
    3. Kuusi, Tero & Junnonen, Juha-Matti & Kulvik, Martti, 2020. "Construction Value Chains and Their Productivity Growth," ETLA Working Papers 79, The Research Institute of the Finnish Economy.
    4. Procel, Claudette, 2021. "Efficiency analysis of Catalonia’s construction industry pre- and post-financial crisis: a data envelopment analysis (DEA) approach," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 15(2), pages 18-32.
    5. Arno J. Van der Vlist & Marien H. Vrolijk & Geert P.M.R. Dewulf, 2014. "On information and communication technology and production cost in construction industry: evidence from the Netherlands," Construction Management and Economics, Taylor & Francis Journals, vol. 32(6), pages 641-651, June.
    6. Kapelko, M. & Horta, I.M. & Camanho, A.S. & Oude Lansink, A., 2015. "Measurement of input-specific productivity growth with an application to the construction industry in Spain and Portugal," International Journal of Production Economics, Elsevier, vol. 166(C), pages 64-71.

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