Abstract
Recently there has been much concern and discussion over the performance of overall productivity in the US economy. One important aspect of this productivity issue is the development of an understanding of the total productivity characteristics of individual economic units. To generate this understanding it is necessary that these units have techniques for measuring productive results. Furthermore, such measurements may be useful in assessing part of the impact of public policy on the individual economic unit.
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References
D. L. Cocks, “The Measurement of Total Factor Productivity for a Large U.S. Manufacturing Corporation,” Business Economics, 9 (September 1974), pp. 7–20.
E. F. Denison, “Some Major Issues in Productivity Analysis: An Examination of Estimates by Jorgenson and Grilliches,” Survey of Current Business, 49 (May 1969), pp. 1–27;
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So that the effects of the cost regulation of both studies could be determined for one year, 1978, the Business Roundtable numbers were inflated by appropriate price index numbers to reflect 1978 dollars.
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16 . Ibid., p. 33.
17 . Ibid.
For a discussion of additional economic significance of the pharmaceutical industry’s technological base and its implicit relationship to firm productivity see, D. L. Cocks, “Product Competition and the Dynamic Elements of Competition in the Ethical Pharmaceutical Industry,” in R. B. Helms, ed., Drug Development and Marketing (Washington, DC: American Enterprise Institute, 1974), pp. 225–254.
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© 2016 Douglas L. Cocks
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Cocks, D.L. (2016). 1981: Company Total Factor Productivity: Refinements, Production Functions, and Certain Effects of Regulation. In: Crow, R.T. (eds) The Best of Business Economics. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-137-57251-6_12
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DOI: https://doi.org/10.1007/978-1-137-57251-6_12
Publisher Name: Palgrave Macmillan, New York
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