Measuring Construction - Prices, Output and Productivity (Hardcover)

Despite the complexity of the construction industry, there has been little study to date which focuses on the challenge of drawing accurate conclusions from the available data. The accuracy of industry reports has an impact on government policy, the direction and outcomes of research, and the practices of construction firms, so confusion in this area can have far reaching consequences.

In response to this, "Measuring Construction" evaluates fundamental economic theories and concepts with respect to the construction industry, and explains how to avoid pitfalls by looking at real life examples. Drawing on current research carried out specifically for this study, the contributors tackle:

• industry performance
• productivity measurement
• construction in national accounts
• comparing international construction costs
• comparing international productivity
• industry performance at project level

The scope of the book is fully international, examining data and publications from four continents, and tackling head on the difficulties arising from international comparisons. By addressing problems that arise everywhere from individual project documentation, right up to national industrial accounts, this much-needed book can have an impact at every level of the industry. Essential reading for postgraduate construction students and researchers, students of industrial economics, construction economists, and policy-makers.

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