归属学者：

汪红霞

归属院系：

商学院（监察审计学院）

作者：

Wang, Yuhe ; Ye, Gui ; Zhang, Yuxin ; Mu, Ping ; Wang, Hongxia

摘要：

Purpose In response to the 2008 financial crisis, the performance of the Chinese construction industry seems to be more successful, especially in total factor productivity growth (TFPG) and its contribution (TFPGC). Hence, the purpose of this paper is to investigate and reveal the potential successful lessons in this regard. Design/methodology/approach This study is conducted innovatively based on a special comparative analysis of TFPG and TFPGC between pre- and post-2008 financial crisis. Solow Residual Approach is used to measure TFPG and TFPGC for the period 2002-2016. Given that the crisis hit China at the end of 2008, the pre-2008 financial crisis period is from 2002 to 2008, and the post-2008 financial crisis period is limited to 2009-2016. Findings The results indicate that the industry indeed has better performance in promoting TFPG and TFPGC, TFP thus achieved significant accumulative growth before and after the crisis. However, from an evolutionary perspective, both TFPG and TFPGC presented an overall downward trend from before the crisis to after the crisis. Further, the game between the centrally planned economy and the market-oriented economy was identified and revealed as the essential reason behind the evolution of TFPG and TFPGC. Practical implications Some valuable lessons for policies and practices in promoting TFPG and TFPGC were summarized and learned from the Chinese experience, such as reducing administrative intervention and making the construction market play a decisive role. Originality/value This study provides some new empirical evidence to enrich the overall body of knowledge on growth theory, especially in promoting TFPG and TFPGC.

语种：

英文

出版日期：

2020-05

学科：

管理科学与工程; 土木工程

收录：

SSCI; SCI(E)

提交日期：

2020-07-07

引用参考：

Wang, Yuhe; Ye, Gui; Zhang, Yuxin; Mu, Ping; Wang, Hongxia. Total factor productivity growth and its contribution: lessons from the Chinese construction industry pre- and post-2008 financial crisis[J]. ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT,():.