Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221301
Title: TOTAL FACTOR PRODUCTIVITY IN THE SINGAPORE CONSTRUCTION INDUSTRY
Authors: SEAH XUE YI SHERRY
Keywords: Building
PFM
Labour productivity
Growth accounting
Total factor productivity
Project and Facilities Management
Tan Chee Keong Willie
2012/2013 PFM
Issue Date: 27-May-2013
Citation: SEAH XUE YI SHERRY (2013-05-27). TOTAL FACTOR PRODUCTIVITY IN THE SINGAPORE CONSTRUCTION INDUSTRY. ScholarBank@NUS Repository.
Abstract: The construction industry in Singapore is generally perceived as one of the nation’s least productive industries. A possible reason for this perception could be that the method of measuring productivity in Singapore is usually based on labour productivity. However, this is clearly biased for the construction industry as it faces problems such as fragmentation of the industry, inability to attract quality labour, and so on. The purpose of this research is to use an alternative method to measure the productivity of the construction industry in Singapore. It uses the growth accounting model to estimate the annual total factor productivity (TFP) for the Singapore construction industry between 1996 and 2011. A case study was conducted on the Singapore construction industry to provide a better understanding of the trends in the proximate factors that affect TFP, namely, construction output, capital input, labour input as well as the labour quality. This case study will be utilised to help draw conclusions on the attributes to TFP. Based on the findings, TFP was found to be negative. This is in line with the measurement of productivity conducted by the Building and Construction Authority and an earlier study by Tan (2000). This low productivity growth is due to the high labour input rather than a high rate of capital accumulation. The contribution of labour input to growth was 2.53 % while capital and education was 0.87 % and 1.08 % respectively. This finding is especially relevant in view of the current policy of tightening the influx of unskilled foreign labour by revising the levy and reducing the quota.
URI: https://scholarbank.nus.edu.sg/handle/10635/221301
Appears in Collections:Bachelor's Theses

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