Macroeconomic Labor Productivity and Its Impact on Firm’s Profitability Public Deposited

http://ir.library.oregonstate.edu/concern/articles/8k71np15b

This is a post-peer-review, pre-copyedit version of an article published in Journal of the Operational Research Society. The definitive publisher-authenticated version (Choi, K., Haque, M., Lee, H.W., Cho, Y.K., & Kwak, Y.H. (2013). Macroeconomic labour productivity and its impact on firm's profitability. Journal of the Operational Research Society, 64(8), 1258-1268. doi:10.1057/jors.2012.157) is available online at:  http://www.palgrave-journals.com/jors/index.html.

Descriptions

Attribute NameValues
Creator
Abstract or Summary
  • The construction industry is one of the largest sectors in the U.S. economy, yet little is known about the key macroeconomic parameters that affect its industry’s structure and performance. The main objectives of this research are 1) to analyze the macroeconomic performance of construction industry as a whole and at fourteen of its sub-sectors in terms of labor productivity, gross margin, and worker’s wages; and 2) to develop a quantitative model that predicts a firm’s profitability by analyzing various levels of labor productivity. The results of a non-linear regression analysis based on the comprehensive U.S. Economic Census data show that the construction industry’s sub-sectors with the highest productivity are the most profitable with regard to the gross margins that they are able to generate. This study and its model will help decision makers better assess macroeconomic performance and conduct trend analysis of the construction industry to serve as a basis for developing strategic roadmap for the future.
Resource Type
DOI
Date Available
Date Issued
Citation
  • Choi, K., Haque, M., Lee, H. W., Cho, Y. K., & Kwak, Y. H. (2013). Macroeconomic labour productivity and its impact on firm's profitability. Journal of the Operational Research Society, 64(8), 1258-1268. doi:10.1057/jors.2012.157
Academic Affiliation
Series
Keyword
Rights Statement
Publisher
Peer Reviewed
Language
Replaces

Relationships

In Administrative Set:
Last modified: 12/13/2017

Downloadable Content

Download PDF
Citations:

EndNote | Zotero | Mendeley

Items