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The Australian construction industry: is the shadow economy distorting productivity?

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  • Will Chancellor
  • Malcolm Abbott

Abstract

Estimates of the size and change in the Australian construction industry shadow economy value over time are provided and applied as a quality adjustment to Australian construction industry productivity growth from 1985 to 2012. The results indicate that the Australian construction industry shadow economy is growing and that by adjusting for the shadow economy, distortion is removed from construction industry productivity growth estimates. The findings create significant scope for future research into the estimation and the effect of shadow economic activity on productivity growth, not just in Australia but in other countries as well.

Suggested Citation

  • Will Chancellor & Malcolm Abbott, 2015. "The Australian construction industry: is the shadow economy distorting productivity?," Construction Management and Economics, Taylor & Francis Journals, vol. 33(3), pages 176-186, March.
    • Handle: RePEc:taf:conmgt:v:33:y:2015:i:3:p:176-186
    DOI: 10.1080/01446193.2015.1028954
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    References listed on IDEAS

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    1. Friedrich Schneider & Christopher Bajada, 2003. "The Size and Development of the Shadow Economies in the Asia-Pacific," Economics working papers 2003-01, Department of Economics, Johannes Kepler University Linz, Austria.
    2. Dominik Enste & Friedrich Schneider, 2002. "Hiding in the Shadows; The Growth of the Underground Economy," IMF Economic Issues 30, International Monetary Fund.
    3. Friedrich Schneider & Friedrich Schneider, 2008. "Shadow Economies and Corruption all over the World: What do we Really Know?," Chapters, in: Michael Pickhardt & Edward Shinnick (ed.), The Shadow Economy, Corruption and Governance, chapter 7, pages 122-187, Edward Elgar Publishing.
    4. Friedrich SCHNEIDER, 2016. "Estimating the Size of the Shadow Economy: Methods, Problems and Open Questions," Turkish Economic Review, KSP Journals, vol. 3(2), pages 256-280, June.
    5. Friedrich Schneider & Andreas Buehn & Claudio Montenegro, 2010. "New Estimates for the Shadow Economies all over the World," International Economic Journal, Taylor & Francis Journals, vol. 24(4), pages 443-461.
    6. Harb, Diab & Bhattacharya, Prasad S., 2008. "Revealing Australia’s underground economy," Working Papers eco_2008_05, Deakin University, Department of Economics.
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    Cited by:

    1. Murat Gunduz & Mohammed Almuajebh, 2020. "Critical Success Factors for Sustainable Construction Project Management," Sustainability, MDPI, vol. 12(5), pages 1-17, March.
    2. Dixit Saurav, 2021. "Impact of management practices on construction productivity in Indian building construction projects: an empirical study," Organization, Technology and Management in Construction, Sciendo, vol. 13(1), pages 2383-2390, January.
    3. Tran, My Thi Ha, 2021. "Public Sector Management And Corruption In Asean Plus Six," OSF Preprints stxw4, Center for Open Science.
    4. Mangirdas Morkunas, 2022. "Measuring the Level of the Youth Informal Economy in Lithuania in 2004–2020," Economies, MDPI, vol. 10(11), pages 1-13, November.
    5. Nestor SHPAK & Ihor KULYNIAK & Maryana GVOZD & Olga PYROG & Wlodzimierz SROKA, 2021. "Shadow Economy And Its Impact On The Public Administration: Aspects Of Financial And Economic Security Of The Country'S Industry," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2021(36), pages 81-101, June.

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