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Technical Progress in the Japanese Construction Industry
Observers of the Japanese construction industry are generally divided into two camps. The positive camp views the industry as progressive and worthy to emulate, not only by developing countries but also developed countries. The negative camp views the industry as not progressive and saddled with institutional rigidities and interest group politics. This paper provides evidence that the Japanese construction industry is not substantially different from that of other countries in terms of factor substitution rigidities and technical progress (Tan 1996; World Bank 1984; Cassimatis 1969). The study is based on a long-term time series regression from 1961 to 1998.
Technical Progress in the Japanese Construction Industry
Observers of the Japanese construction industry are generally divided into two camps. The positive camp views the industry as progressive and worthy to emulate, not only by developing countries but also developed countries. The negative camp views the industry as not progressive and saddled with institutional rigidities and interest group politics. This paper provides evidence that the Japanese construction industry is not substantially different from that of other countries in terms of factor substitution rigidities and technical progress (Tan 1996; World Bank 1984; Cassimatis 1969). The study is based on a long-term time series regression from 1961 to 1998.
Technical Progress in the Japanese Construction Industry
Tan, Willie (Autor:in)
International Journal of Construction Management ; 2 ; 39-49
01.01.2002
11 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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