Assessment of the Efficiency of the Spanish Construction Industry Using Parametric Methods: Case Study
Publication: Journal of Construction Engineering and Management
Volume 142, Issue 9
Abstract
This paper assesses technical efficiency and its determinants in the Spanish construction sector from a comparative perspective for the period 2000 to 2010 by using different parametric approaches in the form of stochastic frontier models. The main results reveal similar (no) influential factors on efficiency. For all models, the determinants found were capital intensity, prefinancial and postfinancial crisis periods, and workers’ skills. There was no difference in terms of sign and statistical significance. Firm age was positively related to efficiency in two of the three models. Firm size was not significant in any model. Finally, the average efficiency values obtained by the models are 55.3, 69.2, and 91.0%, suggesting the possibility of significant improvements in resource management.
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Acknowledgments
The authors acknowledges the financial assistance of Spanish Educational, Culture, and Sport Ministry (BOE, 10 April 2014). The authors would like to thank the editor and three anonymous reviewers for their constructive and helpful comments on this paper.
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Published In
Journal of Construction Engineering and Management
Volume 142 • Issue 9 • September 2016
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© 2016 American Society of Civil Engineers.
History
Received: May 7, 2015
Accepted: Dec 30, 2015
Published online: Mar 18, 2016
Discussion open until: Aug 18, 2016
Published in print: Sep 1, 2016
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