International Conference on Construction and Real Estate Management 2018
Study on the Efficiency Estimation for Chinese Construction Industry through Three-Stage DEA Model
Publication: ICCREM 2018: Analysis of Real Estate and the Construction Industry
ABSTRACT
As a pivotal industry in national economy, increasing the efficiency of construction industry means a lot to economy development and people’s living standard. Based on the trend and variance analysis on status of China’s construction industry, this paper employs there-stage data envelopment analysis (DEA), which effectively eliminated the impact of external environment and statistical noise, to measure the efficiency of construction industry in 31 provinces of China from 2011 to 2015. According to the overall results in the first stage, the average efficiency of construction industry is above 85%, and the efficiency of scale shows an uptrend for most provinces. When the impacts of external environment and statistical noise are removed through stochastic frontier analysis (SFA), the overall efficiency goes down due to the decrease of technical efficiency. Besides, the results also reveal that the efficiency varies greatly among provinces and the provincial development is uneven. Finally, suggestions and policy implications are discussed.
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Information & Authors
Information
Published In
ICCREM 2018: Analysis of Real Estate and the Construction Industry
Pages: 173 - 180
Editors: Yaowu Wang, Professor, Harbin Institute of Technology, Yimin Zhu, Professor, Louisiana State University, Geoffrey Q. P. Shen, Professor, Hong Kong Polytechnic University, and Mohamed Al-Hussein, Professor, University of Alberta
ISBN (Online): 978-0-7844-8174-5
Copyright
© 2018 American Society of Civil Engineers.
History
Published online: Aug 8, 2018
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