IDEAS home Printed from https://ideas.repec.org/a/taf/conmgt/v22y2004i7p755-764.html
   My bibliography  Save this article

Aggregate efficiency analysis of resource use and demand for labour by the construction industry in Brunei Darussalam

Author

Listed:
  • Rina Hayane Sumardi
  • Kwabena Asomanin Anaman

Abstract

The construction industry is the third largest contributor to the gross domestic product (GDP) in Brunei Darussalam, the wealthiest Muslim country in the world based on per capita GDP. The construction industry in Brunei has been in a crisis since the Asian financial crisis of 1998 and the subsequent collapse in the same year of the Amedeo Company, the largest company dealing with construction-related business in Brunei. The objectives of this study are to gauge the overall aggregate level of inefficiency of the industry and to analyse the factors affecting aggregate labour demand in the industry. Econometric analysis, based on secondary time-series data of the construction industry from 1971 to 2001, was the main route used to fulfil these objectives. The technical inefficiency of the construction industry was undertaken using a stochastic frontier production function analysis. The results indicated that overall technical inefficiency of the industry was about 26.6%. The short-run demand for labour in the construction industry was estimated based on time-series secondary data using a partial expectation model. This particular analysis showed that construction firms were only getting about half of the desired increase in the workers that they wanted to employ.

Suggested Citation

  • Rina Hayane Sumardi & Kwabena Asomanin Anaman, 2004. "Aggregate efficiency analysis of resource use and demand for labour by the construction industry in Brunei Darussalam," Construction Management and Economics, Taylor & Francis Journals, vol. 22(7), pages 755-764.
    • Handle: RePEc:taf:conmgt:v:22:y:2004:i:7:p:755-764
    DOI: 10.1080/0144619042000202807
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/0144619042000202807
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/0144619042000202807?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kwabena Asomanin Anaman & Irene Susana Egyir, 2019. "Economic Shocks and the Growth of the Construction Industry in Ghana Over the 50-Year Period From 1968 to 2017," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(1), pages 1-16, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:conmgt:v:22:y:2004:i:7:p:755-764. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RCME20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.