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Technical change and its measurement is a fascinating subject. The
various procedures to measure technical change fall into two
categories (i).The parametric approach and (ii). The non-parametric
approach. In theformer case, a parametric production function is
postulated a priori, using it as basic tool, technical change is
estimated. The present book aims at presenting a method to measure
technicalprogress relaxing the assumptions of full profit
efficiency and constant returns to scale. The method is essentially
non-parametric, in which wesolve a number of linear programming
problems, first to measure frontier technical change and hence, to
estimate average technical change.The rate of shift of frontier
production function is attributed to technical progress or
innovation and rate of change in profit efficiency is assumed to be
due to the CATCHING UP effort of the producer to reach the
frontier.
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