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Performance trends in the construction industry worldwide: an overview of the turn of the century

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Performance trends in the construction industry worldwide: an overview of the turn of the century. / Horta, Isabel; Camanho, Ana; Johnes, Jill et al.
In: Journal of Productivity Analysis, Vol. 39, No. 1, 02.2013, p. 89-99.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Horta, I, Camanho, A, Johnes, J & Johnes, G 2013, 'Performance trends in the construction industry worldwide: an overview of the turn of the century', Journal of Productivity Analysis, vol. 39, no. 1, pp. 89-99. https://doi.org/10.1007/s11123-012-0276-0

APA

Horta, I., Camanho, A., Johnes, J., & Johnes, G. (2013). Performance trends in the construction industry worldwide: an overview of the turn of the century. Journal of Productivity Analysis, 39(1), 89-99. https://doi.org/10.1007/s11123-012-0276-0

Vancouver

Horta I, Camanho A, Johnes J, Johnes G. Performance trends in the construction industry worldwide: an overview of the turn of the century. Journal of Productivity Analysis. 2013 Feb;39(1):89-99. Epub 2012 Mar 11. doi: 10.1007/s11123-012-0276-0

Author

Horta, Isabel ; Camanho, Ana ; Johnes, Jill et al. / Performance trends in the construction industry worldwide : an overview of the turn of the century. In: Journal of Productivity Analysis. 2013 ; Vol. 39, No. 1. pp. 89-99.

Bibtex

@article{3b1ee71b81ef43d79ace642ba4e7bcec,
title = "Performance trends in the construction industry worldwide: an overview of the turn of the century",
abstract = "This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The companies are divided in three regions (Europe, Asia and North America), and in the three main construction activities (Buildings, Heavy Civil and Specialty Trade). We analyze a sample of 118 companies worldwide between 1995 and 2003. Data envelopment analysis is used to estimate efficiency, and the Malmquist index is applied for the evaluation of productivity change. Both methods were complemented by bootstrapping to refine the estimates obtained. A panel data truncated regression with categorical regressors is used to explore the impact of location and activity in the efficiency levels. The results reveal that the efficiency of North American companies is higher than the European and Asian counterparts. Other important conclusion points to a convergence in efficiency levels across regions as in North America productivity remains stable, whereas in Asia and Europe productivity improves.",
keywords = "Construction industry, DEA, Malmquist Index, Cross-country analysis",
author = "Isabel Horta and Ana Camanho and Jill Johnes and Geraint Johnes",
year = "2013",
month = feb,
doi = "10.1007/s11123-012-0276-0",
language = "English",
volume = "39",
pages = "89--99",
journal = "Journal of Productivity Analysis",
issn = "0895-562X",
publisher = "Springer Netherlands",
number = "1",

}

RIS

TY - JOUR

T1 - Performance trends in the construction industry worldwide

T2 - an overview of the turn of the century

AU - Horta, Isabel

AU - Camanho, Ana

AU - Johnes, Jill

AU - Johnes, Geraint

PY - 2013/2

Y1 - 2013/2

N2 - This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The companies are divided in three regions (Europe, Asia and North America), and in the three main construction activities (Buildings, Heavy Civil and Specialty Trade). We analyze a sample of 118 companies worldwide between 1995 and 2003. Data envelopment analysis is used to estimate efficiency, and the Malmquist index is applied for the evaluation of productivity change. Both methods were complemented by bootstrapping to refine the estimates obtained. A panel data truncated regression with categorical regressors is used to explore the impact of location and activity in the efficiency levels. The results reveal that the efficiency of North American companies is higher than the European and Asian counterparts. Other important conclusion points to a convergence in efficiency levels across regions as in North America productivity remains stable, whereas in Asia and Europe productivity improves.

AB - This paper presents an exploratory study to assess the efficiency level of construction companies worldwide, exploring in particular the effect of location and activity in the efficiency levels. This paper also provides insights concerning the convergence in efficiency across regions. The companies are divided in three regions (Europe, Asia and North America), and in the three main construction activities (Buildings, Heavy Civil and Specialty Trade). We analyze a sample of 118 companies worldwide between 1995 and 2003. Data envelopment analysis is used to estimate efficiency, and the Malmquist index is applied for the evaluation of productivity change. Both methods were complemented by bootstrapping to refine the estimates obtained. A panel data truncated regression with categorical regressors is used to explore the impact of location and activity in the efficiency levels. The results reveal that the efficiency of North American companies is higher than the European and Asian counterparts. Other important conclusion points to a convergence in efficiency levels across regions as in North America productivity remains stable, whereas in Asia and Europe productivity improves.

KW - Construction industry

KW - DEA

KW - Malmquist Index

KW - Cross-country analysis

U2 - 10.1007/s11123-012-0276-0

DO - 10.1007/s11123-012-0276-0

M3 - Journal article

VL - 39

SP - 89

EP - 99

JO - Journal of Productivity Analysis

JF - Journal of Productivity Analysis

SN - 0895-562X

IS - 1

ER -