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Productivity - Concepts, Measurement, Aggregation, and Decomposition (Paperback, 1st ed. 2021)
Loot Price: R3,381
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Productivity - Concepts, Measurement, Aggregation, and Decomposition (Paperback, 1st ed. 2021)
Series: Contributions to Economics
Expected to ship within 10 - 15 working days
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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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