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Books > Business & Economics > Economics > Econometrics
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Cost Structure and the Measurement of Economic Performance - Productivity, Utilization, Cost Economics, and Related Performance Indicators (Paperback, Softcover reprint of the original 1st ed. 1999)
Loot Price: R5,785
Discovery Miles 57 850
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Cost Structure and the Measurement of Economic Performance - Productivity, Utilization, Cost Economics, and Related Performance Indicators (Paperback, Softcover reprint of the original 1st ed. 1999)
Expected to ship within 10 - 15 working days
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Cost Structure and the Measurement of Economic Performance is
designed to provide a comprehensive guide for students, researchers
or consultants who wish to model, construct, interpret, and use
economic performance measures. The topical emphasis is on
productivity growth and its dependence on the cost structure. The
methodological focus is on application of the tools of economic
analysis - the `thinking structure' provided by microeconomic
theory - to measure technological or cost structure, and link it
with market and regulatory structure. This provides a rich basis
for evaluation of economic performance and its determinants. The
format of the book stresses topics or questions of interest rather
than the theoretical tools for analysis. Traditional productivity
growth modeling and measurement practices that result in a
productivity residual often called the `measure of our ignorance'
are initially overviewed, and then the different aspects of
technological, market and regulatory structure that might underlie
this residual are explored. The ultimate goal is to decompose or
explain the residual, by modeling and measuring a multitude of
impacts that determine the economic performance of firms, sectors,
and economies. The chapters are organized with three broad goals in
mind. The first is to introduce the overall ideas involved in
economic performance measurement and traditional productivity
growth analysis. Issues associated with different types of (short
and long run, internal and external) cost economies, market and
regulatory impacts, and other general cost efficiencies that might
impact these measures are then explored. Finally, some of the
theoretical, data construction and econometric tools necessary to
justify and implement these models are emphasized.
General
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