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Some Models For Measuring Technical Progress (Paperback)
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Some Models For Measuring Technical Progress (Paperback)
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Measurement of technical progress dates back to Solow (1957) who
expressed technical change as residual, obtained by subtracting
weighed input growth from output growth. There were studies of
measuring technical change based on factor minimal cost function,
assuming technical change is Hicks neutral, producer was at
equilibrium. There existed studies which assumed technical change
was non-neutral. The present study assumed technical change is
Hicks neutral. To measure technical change input-output quantities
alone can be used; or input-output quantities and their prices can
be utilized; or accounting approach can be used to decompose output
growth into their sources; further, production approach can be
used; cost function approach can also be used.The various models
have been specified in the form of Linear Programming Problems to
measure technical changes based on Returns to scale and Input
technical efficiencies.
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