Abstract

MORENO, Justo de Jorge; LOPEZ, Ovidio  and  DIAZ CASTRO, Javier. Productivity, efficiency and the explanatory factors in the construction sector in Colombia 2005-2010. Cuad. Econ. [online]. 2014, vol.33, n.63, pp.569-588. ISSN 0121-4772.  https://doi.org/10.15446/cuad.econ.v33n63.45347.

This paper analyzes the total factor productivity, efficiency and its determinants in four construction sectors in Colombia: Construction of residential, civil works construction, Real estate and Adequacy of construction works in the period 2005 - 2010. The results with the application of the methodology DEA, reveal that only the latter sector undergoes cumulative productivity increases by 0.1%. Analysis shows low efficiency thereof ranging between 78% and 54%. Finally the explanatory factors of efficiency have been, the market share and firm size.

Keywords : Efficiency; productivity; market share; size; economic growth.

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