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A Microeconomic Approach to the Measurement of Economic Performance

Productivity Growth, Capacity Utilization, and Related Performance Indicators

  • Catherine J. Morrison

Part of the Bilkent University Lecture Series book series (BILKENT)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Catherine J. Morrison
    Pages 1-25
  3. Catherine J. Morrison
    Pages 131-157
  4. Catherine J. Morrison
    Pages 159-183
  5. Catherine J. Morrison
    Pages 237-262
  6. Back Matter
    Pages 263-296

About this book

Introduction

This text is designed to provide a comprehensive guide to students, researchers, or consultants who wish to carry out and to interpret analyses of economic performance, with an emphasis on productivity growth. The text includes an overview of standard productivity growth measurement techniques and adaptations, and data construc­ tion procedures. It goes further, however, by expanding the tradition­ al growth accounting (index number) framework to allow consider­ ation of how different aspects of firm behavior underlying productivity growth are interrelated, how they can be measured con­ sistently in a parametric model, and how they permit a well-defined decomposition of standard productivity growth measures. These ideas are developed by considering in detail a number of underlying theoretical results and econometric issues. The impacts of various production characteristics on productivity growth trends are also evaluated by overviewing selected methodological extensions and em­ pirical evidence. More specifically, in the methodological extensions, emphasis is placed on incorporation of cost and demand characteristics, such as fixity and adjustment costs, returns to scale, and the existence of market power, into analyses of productivity growth. These character­ istics, generally disregarded in such analyses, can have very important impacts on production structure and firm behavior, and thus on economic performance. They also provide the conceptual basis for vii viii PREFACE measures that are often used independently as indicators of economic performance, such as investment, capacity utilization, and profit measures.

Keywords

econometrics growth microeconomics production productivity

Authors and affiliations

  • Catherine J. Morrison
    • 1
  1. 1.Department of EconomicsTufts UniversityMedfordUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-1-4613-9760-1
  • Copyright Information Springer-Verlag New York 1993
  • Publisher Name Springer, New York, NY
  • eBook Packages Springer Book Archive
  • Print ISBN 978-1-4613-9762-5
  • Online ISBN 978-1-4613-9760-1
  • Series Print ISSN 1431-0848
  • Buy this book on publisher's site