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The Productivity Puzzle: Is It Just About The Data?, Rick Best May 2014

The Productivity Puzzle: Is It Just About The Data?, Rick Best

Rick Best

Measuring construction industry productivity at any level above that of site activities such as bricklaying or plastering remains a vexed question. A variety of methods have been developed and tested but results are often far from consistent with different methods that appear equally valid in theory producing quite different results. A recent study conducted in Australia demonstrated the application of different methods that produced some similar results but with some care required in the analysis of the outcomes. Another example showed large variations in results following the application of a similar method to different yet apparently equally valid datasets. Analysis …


International Comparisons Of Cost And Productivity In Construction: A Bad Example, Rick Best Sep 2013

International Comparisons Of Cost And Productivity In Construction: A Bad Example, Rick Best

Rick Best

In a report published in June 2012 the Business Council of Australia (BCA) reported that it costs considerably more to build a variety of types of infrastructure in Australia than it does in the US. Airports (90 per cent more costly) and hospitals (62 per cent) were quoted as the worst cases with other projects ranging from 26 to 43 per cent more. They used these figures to conclude that Australia is a high cost, low productivity environment for building infrastructure projects. These claims were based on cost/m2 figures published by a major international construction consultancy. The method used by …


Regional Industrial Structure And Agglomeration Economies: An Analysis Of Productivity In Three Manufacturing Industries., Joshua Drucker, Edward Feser Dec 2011

Regional Industrial Structure And Agglomeration Economies: An Analysis Of Productivity In Three Manufacturing Industries., Joshua Drucker, Edward Feser

Joshua Drucker

We investigate whether a more concentrated regional industrial structure – the dominance of a few large firms in a given industry in a region – limits agglomeration economies and ultimately diminishes the economic performance of firms in that industry, especially small ones. In an application to three industries using establishment-level production functions and a combination of confidential and publicly available data sources, we find a consistently negative and substantial direct productivity effect associated with regional industrial structure concentration and only mixed and relatively weak evidence that agglomeration economies are a mediating factor in that effect.


How Does Size Matter? Investigating The Relationships Among Plant Size, Industrial Structure, And Manufacturing Productivity., Joshua Drucker Dec 2010

How Does Size Matter? Investigating The Relationships Among Plant Size, Industrial Structure, And Manufacturing Productivity., Joshua Drucker

Joshua Drucker

Industrial concentration and market power have been studied extensively at the national scale, in fields ranging from economics and industrial organization to regional science and economic development. At the regional scale, however, industrial structure and firm size relationships have received little attention outside of non-generalizable case studies, primarily because accurate measurements require difficult-to-obtain plant- or firm-level information. Readily available secondary data sources on establishment size distributions (such as County Business Patterns or the Census of Manufactures) cannot be linked to performance information for particular establishments or firms. Yet region-specific industrial structure may be a crucial determinant of firm performance and …


The Development And Testing Of A Purchasing Power Parity Method For Comparing Construction Costs Internationally, Rick Best Jun 2008

The Development And Testing Of A Purchasing Power Parity Method For Comparing Construction Costs Internationally, Rick Best

Rick Best

Over the past fifty to sixty years there have been numerous attempts to compare the performance of the construction industries of different countries. In almost all cases the cost of construction has been an important, sometimes the single parameter Cost performance has sometimes been equated to productivity, and productivity measurement and comparison is attempted by governments and their agencies on a regular basis.

Fundamental to these exercises has been the necessity to bring construction costs in different national currencies to a common base. This is imperative as amounts in different currencies cannot be directly compared.

Money market exchange rates do …