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Application of the growth accounting method for the construction industry

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  • Toma Lankauskienė
Abstract
As the growth accounting method can suggest research benefits, this paper is dedicated to the application of the method in the construction industry. The lack of methodologies for the application of the method in the less developed countries has necessitated the design of the methodology presented in the paper. Once the methodology is composed, comparable results can be obtained on the fulfilment of international academic standards. The paper presents the main methodological problems faced by the author while working on the problem. In addition, it enables the identification of the proximate sources of growth as well as the performance of economic analysis from a comparative perspective of countries at different stages of development. The scientific merit of the paper -- the entire group of intangible capital rather than only software will correspond to knowledge based capital. The results suggest that Lithuania is in a rather strong position in terms of productivity growth, but the same could not be said when considering the structure of its main determinants compared with the more developed countries.

Suggested Citation

  • Toma Lankauskienė, 2016. "Application of the growth accounting method for the construction industry," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 17(3), pages 430-443, June.
    • Handle: RePEc:taf:jbemgt:v:17:y:2016:i:3:p:430-443
    DOI: 10.3846/16111699.2016.1173580
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    References listed on IDEAS

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    1. Nicholas Oulton & Ana Rincón-Aznar, 2012. "Rates of Return and Alternative Measures of Capital Input: 14 Countries and Ten Branches, 1971–2005," Chapters, in: Matilde Mas & Robert Stehrer (ed.), Industrial Productivity in Europe, chapter 10, Edward Elgar Publishing.
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    5. Carol Corrado & Jonathan Haskel & Cecilia Jona-Lasinio, 2017. "Knowledge Spillovers, ICT and Productivity Growth," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 79(4), pages 592-618, August.
    6. Mas, Matilde, 2005. "Public Capital, Internal Rate of Return and Growth Accounting," MPRA Paper 15821, University Library of Munich, Germany, revised 2005.
    7. Haskel, J & Corrado, C & Jona-Lasinio, C & Iommi, M, 2013. "Innovation and intangible investment in Europe, Japan and the US," Working Papers 11139, Imperial College, London, Imperial College Business School.
    8. Haskel, Jonathan & Iommi, Massimiliano, 2012. "Intangible Capital and Growth in Advanced Economies: Measurement and Comparative Results," CEPR Discussion Papers 9061, C.E.P.R. Discussion Papers.
    9. Peter Goodridge & Jonathan Haskel & Gavin Wallis, 2018. "Accounting for the UK Productivity Puzzle: A Decomposition and Predictions," Economica, London School of Economics and Political Science, vol. 85(339), pages 581-605, July.
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    Cited by:

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    2. Schubert, Torben & Jäger, Angela & Türkeli, Serdar & Visentin, Fabiana, 2020. "Addressing the productivity paradox with big data: A literature review and adaptation of the CDM econometric model," MERIT Working Papers 2020-050, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).

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