Productivity assessment of the Romanian construction industry using Malmquist Productivity Index

The construction industry is one of the largest economic sectors worldwide. It is essential that the firms operating in the construction industry to evaluate accordingly their productivity change both in economic depression and when there is registered an expansion in the economy. This paper investi...

Full description

Saved in:
Bibliographic Details
Published in:IOP conference series. Materials Science and Engineering 2021-08, Vol.1169 (1), p.12018
Main Authors: Cristea, C, Cristea, M, Șerban, F M, Făgărășan, C, Stoenoiu, C E
Format: Article
Language:English
Subjects:
Construction industry
Economics
Productivity
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The construction industry is one of the largest economic sectors worldwide. It is essential that the firms operating in the construction industry to evaluate accordingly their productivity change both in economic depression and when there is registered an expansion in the economy. This paper investigates the productivity changes of the Romanian enterprises from construction industry during the period of 2006 through 2019 by using the Malmquist Productivity Index. Four input variables and two output variables have been employed for measuring the change of construction productivity. The findings indicated that Malmquist Productivity Index can be effectively employed for assessing the productivity changes of companies. The results indicated that the majority of the Romanian companies exhibited better performance in terms of technical change while efficiency change regressed. This investigation provides valuable information for decision makers in order to enhance the performance of the Romanian construction industry organizations.
ISSN:1757-8981
1757-899X
DOI:10.1088/1757-899X/1169/1/012018