ENGLISH

Productivity: Concepts, Measurement, Aggregation, and Decomposition (Contributions to Economics)

By Bert M. Balk

Book information

Publisher
Springer
Year
2021
ISBN
3030754472, 9783030754471
Language
english
Format
PDF
Filesize
3 MB (3511184 bytes)
Pages
345\339
Time added
2024-04-21 13:45:31

Description

This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.

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