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Author: Bert M. Balk
Publisher: Springer Science & Business Media
ISBN: 147575454X
Category : Business & Economics
Languages : en
Pages : 247
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Book Description
Industrial Price, Quantity, and Productivity Indices: The Micro-Economic Theory and an Application gives a comprehensive account of the micro-economic foundations of industrial price, quantity, and productivity indices. The various results available from the literature have been brought together into a consistent framework, based upon modern duality theory. This integration also made it possible to generalize several of these results. Thus, this book will be an important resource for theoretically as well as empirically-oriented researchers who seek to analyse economic problems with the help of index numbers. Although this book's emphasis is on micro-economic theory, it is also intended as a practical guide. A full chapter is therefore devoted to an empirical application. Three different approaches are pursued: a straightforward empirical approach, a non-parametric estimation approach, and a parametric estimation approach. As well as illustrating some of the more important concepts explored in this book, and showing to what extent different computational approaches lead to different outcomes for the same measures, this chapter also makes a powerful case for the use of enterprise micro-data in economic research.
Author: Bert M. Balk
Publisher: Springer Science & Business Media
ISBN: 147575454X
Category : Business & Economics
Languages : en
Pages : 247
Get Book Here
Book Description
Industrial Price, Quantity, and Productivity Indices: The Micro-Economic Theory and an Application gives a comprehensive account of the micro-economic foundations of industrial price, quantity, and productivity indices. The various results available from the literature have been brought together into a consistent framework, based upon modern duality theory. This integration also made it possible to generalize several of these results. Thus, this book will be an important resource for theoretically as well as empirically-oriented researchers who seek to analyse economic problems with the help of index numbers. Although this book's emphasis is on micro-economic theory, it is also intended as a practical guide. A full chapter is therefore devoted to an empirical application. Three different approaches are pursued: a straightforward empirical approach, a non-parametric estimation approach, and a parametric estimation approach. As well as illustrating some of the more important concepts explored in this book, and showing to what extent different computational approaches lead to different outcomes for the same measures, this chapter also makes a powerful case for the use of enterprise micro-data in economic research.
Author: Andreas Zweifel
Publisher: GRIN Verlag
ISBN: 3640735943
Category : Business & Economics
Languages : en
Pages : 25
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Book Description
Seminar paper from the year 2010 in the subject Business economics - Miscellaneous, grade: 5.50, University of Zurich (Institut für Empirische Wirtschaftsforschung (IEW)), course: Master Seminar QWG: Produktivitäts- und Effizienzmessung, language: English, abstract: Efficiency and productivity are two related concepts, which are helpful in order to describe the economic performance of production units. Whereas people have diverging notions of efficiency, we commonly agree about the meaning of productivity. The latter is a familiar and intuitive measure of economic performance that can be applied on different scales ranging from the individual worker up to whole nations (Färe et al., 2008). However, efficiency and productivity are strongly linked to each other through the various techniques by which the determinants of producer performance are measured. Efficiency can be defined as a comparison between observed and optimal values of the output and input level of a production unit (Lovell, 1993). Thereby, we may refer to the maximum output level that can be potentially obtained from a given input, or the minimum potential input level that is required to produce a given output. On the other hand, productivity is simply determined as the ratio of a producer's output to its input. There are two basic reasons to explain our interest in measuring efficiency and productivity. Most importantly, production units can be evaluated using these success indicators, which enable the comparison of the performance across production units or the performance change of a specific producer across time. Secondly, we are interested in identifying the source of efficiency or productivity differentials in order to design policies that should help to improve the performance of public and private institutions. Hence, performance measures can be useful to explore hypotheses about the effects of market structure, economic regulation or the effect of ownership on performance (Lovell, 1993). Based
Author: M. S. Silver
Publisher: Gower Publishing Company, Limited
ISBN:
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264603980
Category :
Languages : en
Pages : 154
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Book Description
This report presents a comprehensive overview of recent and longer-term trends in productivity levels and growth in OECD countries, accession countries, key partners and some G20 countries.
Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Author: United States. Bureau of Labor Statistics
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages : 236
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Book Description
Author: Bert M. Balk
Publisher: Springer Nature
ISBN: 3030754480
Category : Business & Economics
Languages : en
Pages : 328
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Book 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.
Author:
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages : 152
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Book Description
Author: Emili Grifell-Tatjé
Publisher: Oxford University Press
ISBN: 0190226722
Category : Business & Economics
Languages : en
Pages : 857
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Book Description
Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention. The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.
Author:
Publisher:
ISBN:
Category : Labor
Languages : en
Pages : 268
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Book Description
