Abstract
This book describes a coherent framework for analysing managerial performance. The focus is on measures of performance that are useful for policy makers. The title of the book reflects the fact that most, if not all, of these measures can be viewed as measures of productivity and/or efficiency. This chapter provides an overview of the main concepts and analytical methods described later in the book.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
Notes
- 1.
- 2.
In practice, CF (resp. EKS) indices are mainly used for time-series (resp. cross-section) comparisons. For this reason, the CF numbers in Table 1.4 were computed by treating the observations in the dataset as observations on one firm over twenty-five periods. The EKS numbers were computed by treating the observations in the dataset as observations on twenty-five firms in one period.
- 3.
Again, the CF numbers were computed by treating the observations in the dataset as observations on one firm over twenty-five periods. The EKS index numbers were computed by treating the observations in the dataset as observations on twenty-five firms in one period.
- 4.
In mathematics, a piecewise function is a function defined on a sequence of intervals (or sub-domains). Examples include the absolute value function and the Heaviside step function.
- 5.
References
Barton G, Cooper M (1948) Relation of agricultural production to inputs. Rev Econ Statist 30(2):117–126
Chambers R, Pope R (1996) Aggregate productivity measures. Am J Agric Econ 78(5):1360–1365
Charnes A, Cooper W, Rhodes E (1981) Evaluating program and managerial efficiency: an application of data envelopment analysis to program follow through. Manage Sci 27(6):668–697
Chen CM, Delmas MA (2011) Measuring corporate social performance: an efficiency perspective. Prod Oper Manage 20(6):789–804
Christensen L, Jorgenson D (1970) U.S. real product and real factor input, 1929–1967. Rev Income Wealth 16(1):19–50
Coelli T, Rahman S, Thirtle C (2003) A stochastic frontier approach to total factor productivity measurement in Bangladesh crop agriculture, 1961–92. J Int Dev 15(3):321–333
Coelli T, Lauwers L, van Huylenbroeck G (2007) Environmental efficiency measurement and the materials balance condition. J Prod Anal 28(1–2):3–12
Cooper W, Seiford L, Thanassoulis E, Zanakis S (2004) DEA and its uses in different countries. Eur J Oper Res 154(2):337–344
Diewert W, Morrison C (1986) Adjusting output and productivity indexes for changes in the terms of trade. Econ J 96(383):659–679
Elteto O, Koves P (1964) On a problem of index number computation relating to international comparison. Statisztikai Sz 42:507–518
Färe R, Grosskopf S (2010) Directional distance functions and slacks-based measures of efficiency. Eur J Oper Res 200(1):320–322
Färe R, Grosskopf S, Norris M, Zhang Z (1994) Productivity growth, technical progress, and efficiency change in industrialized countries. Am Econ Rev 84(1):66–83
Foster L, Haltiwanger J, Syverson C (2008) Reallocation, firm turnover, and efficiency: selection on productivity or profitability? Am Econ Rev 98(1):394–425
Good D, Nadiri M, Sickles R (1999) Index number and factor demand approaches to the estimation of poductivity, vol II. Microeconometrics, Basil Blackwell, Oxford
Gregory A, Whittaker J, Yan X (2016) Corporate social performance, competitive advantage, earnings persistence and firm value. J Bus Finan Acc 43(1&2):3–30
Hranaiova J, Stefanou S (2002) Scale, productivity growth and risk response under uncertainty. Economia Agrar y Recursos Naturales 2(2):73–91
Jorgenson D, Griliches Z (1967) The explanation of productivity change. Rev Econ Stud 34(3):249–283
Karagiannis G, Tzouvelekas T, Xepapadeas A (2003) Measuring irrigation water efficiency with a stochastic production frontier. Env Res Econ 26(1):57–72
Kendrick J (1961) Productivity trends in the United States. Princeton University Press
Kumbhakar S (2002) Risk preference and productivity measurement under output price uncertainty. Empirical Econ 27(3):461–472
Kumbhakar S, Nakamura S, Heshmati A (2000) Estimation of firm-specific technological bias, technical change and total factor productivity growth: a dual approach. Econometric Rev 19(4):162–173
Kutlu L, Wang R (2018) Estimation of cost efficiency without cost data. J Prod Anal 49(2–3):137–151
Lien G, Kumbhakar S, Hardaker J (2017) Accounting for risk in productivity analysis: an application to Norwegian dairy farming. J Prod Anal 47(3):247–257
Nadiri M (1970) Some approaches to the theory and measurement of total factor productivity: a survey. J Econ Lit 8(4):1137–1177
Nishimizu M, Page J (1982) Total factor productivity growth, technological progress and technical efficiency change: dimensions of productivity change in Yugoslavia, 1965–1978. Econ J 92(368):920–936
O’Donnell C (2012) Nonparametric estimates of the components of productivity and profitability change in U.S. agriculture. Am J Agric Econ 94(4):873–890
O’Donnell C (2016) Using information about technologies, markets and firm behaviour to decompose a proper productivity index. J Econ 190(2):328–340
O’Donnell C (2017) Estimating total factor productivity change when no price or value-share data are available. Centre for Efficiency and Productivity Analysis Working Papers WP01/2017, University of Queensland
Olley G, Pakes A (1996) The dynamics of productivity in the telecommunications equipment industry. Econometrica 64(6):1263–1297
Orea L, Wall A (2012) Productivity and producer welfare in the presence of production risk. J Agric Econ 63(1):102–118
Prescott E (1998) Lawrence R. Klein Lecture, (1997) Needed: a theory of total factor productivity. Int Econ Rev 39(3):525–551
Siegel D, Vitaliano D (2007) An empirical analysis of the strategic use of corporate social responsibility. J Econ Manage Strategy 16(3):773–792
Szulc B (1964) Indices for multi-regional comparisons. Prezeglad Statystyczny (Statistical Review) 3:239–254
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2018 Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
O’Donnell, C.J. (2018). Overview. In: Productivity and Efficiency Analysis. Springer, Singapore. https://doi.org/10.1007/978-981-13-2984-5_1
Download citation
DOI: https://doi.org/10.1007/978-981-13-2984-5_1
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-13-2982-1
Online ISBN: 978-981-13-2984-5
eBook Packages: Economics and FinanceEconomics and Finance (R0)