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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Productivity: Concepts, Measurement, Aggregation, and Decomposition

Productivity: Concepts, Measurement, Aggregation, and Decomposition

Balk, Bert M.

Hardcover

Series: Contributions to Economics

Business GeneralEconomics

ISBN10: 3030754472
ISBN13: 9783030754471
Publisher: Springer Nature
Published: Jul 23 2021
Pages: 328
Weight: 1.46
Height: 0.81 Width: 6.14 Depth: 9.21
Language: English

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.

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