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  • 1. An Analysis of Some Construction Price Index Methodologies Archived
    Articles and reports: 62F0014M1996002
    Geography: Canada
    Description:

    Price indexes are an essential tool for the analysis of real output in the construction industry and for relative performance and productivity measures. They provide a succinct picture of the past and a useful framework for forecasting future developments. Government requires such price indexes as part of the information used in the development of its policies including support programs to provincial governments. These indexes are also used in construction contracts to adjust for cost fluctuations and inflation. It is however, a difficult task to obtain satisfactory indexes reflecting 'pure' price changes for construction. The units built are nonstandard and heterogeneous with large variations in quality, size, design and construction techniques. Consequently, there are many different types of indexes developed from information recorded in the construction industry.

    This paper summarizes the various ways in which construction price indexes can be compiled, and examines and compares the performance of some of the indexes currently produced at Statistics Canada. It is hoped that the comparisons would permit an assessment of the various types of construction indexes examined for specific applications.

    Release date: 1997-05-05
  • 2. Productivity Adjustment in Construction Price Indexes Archived
    Articles and reports: 62F0014M1996003
    Geography: Canada
    Description:

    Productivity analysis is one of the major foundations of the analysis of long-term economic growth. It is important to study productivity in order to identify the factors that contribute to it and to explore the relationship that exists between productivity, growth and international competitiveness.

    Statistics Canada produces partial productivity indexes for some 30 industries and the business sector of the economy on an annual basis. However, little is known about the real output, productivity, and price trends in the construction industry. Four opportunities for productivity research in the construction industry are evident, (a) investigation of the available productivity measures, (b) alternative approaches to the implicit methods currently used in the compilation of output price indexes, (c) estimation of productivity within particular sectors of the construction industry, and (d) comparison of productivity on an interprovincial or international basis.

    In this paper we will focus on the first two of the four alternatives and will give examples of the last two. In particular, by formalizing the adjustments that are made to the input factors used in the development of output indexes, we contend that the result will be more impartial and enduring. Generally, our goal is to investigate and promote measures that will be available and attractive to the construction industry as it begins to demand more electronic information. The purpose is to derive, eventually, some new productivity estimates based upon the best available statistics.

    Release date: 1997-05-05
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  • 1. An Analysis of Some Construction Price Index Methodologies Archived
    Articles and reports: 62F0014M1996002
    Geography: Canada
    Description:

    Price indexes are an essential tool for the analysis of real output in the construction industry and for relative performance and productivity measures. They provide a succinct picture of the past and a useful framework for forecasting future developments. Government requires such price indexes as part of the information used in the development of its policies including support programs to provincial governments. These indexes are also used in construction contracts to adjust for cost fluctuations and inflation. It is however, a difficult task to obtain satisfactory indexes reflecting 'pure' price changes for construction. The units built are nonstandard and heterogeneous with large variations in quality, size, design and construction techniques. Consequently, there are many different types of indexes developed from information recorded in the construction industry.

    This paper summarizes the various ways in which construction price indexes can be compiled, and examines and compares the performance of some of the indexes currently produced at Statistics Canada. It is hoped that the comparisons would permit an assessment of the various types of construction indexes examined for specific applications.

    Release date: 1997-05-05
  • 2. Productivity Adjustment in Construction Price Indexes Archived
    Articles and reports: 62F0014M1996003
    Geography: Canada
    Description:

    Productivity analysis is one of the major foundations of the analysis of long-term economic growth. It is important to study productivity in order to identify the factors that contribute to it and to explore the relationship that exists between productivity, growth and international competitiveness.

    Statistics Canada produces partial productivity indexes for some 30 industries and the business sector of the economy on an annual basis. However, little is known about the real output, productivity, and price trends in the construction industry. Four opportunities for productivity research in the construction industry are evident, (a) investigation of the available productivity measures, (b) alternative approaches to the implicit methods currently used in the compilation of output price indexes, (c) estimation of productivity within particular sectors of the construction industry, and (d) comparison of productivity on an interprovincial or international basis.

    In this paper we will focus on the first two of the four alternatives and will give examples of the last two. In particular, by formalizing the adjustments that are made to the input factors used in the development of output indexes, we contend that the result will be more impartial and enduring. Generally, our goal is to investigate and promote measures that will be available and attractive to the construction industry as it begins to demand more electronic information. The purpose is to derive, eventually, some new productivity estimates based upon the best available statistics.

    Release date: 1997-05-05
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