Details

Autor(en) / Beteiligte

• Balk, B. M.,

Titel

Productivity : concepts, measurement, aggregation, and decomposition

Ort / Verlag

Cham, Switzerland : Springer,

Erscheinungsjahr

[2021]

Link zum Volltext

• SpringerLink Books - AutoHoldings

Beschreibungen/Notizen

• Includes bibliographical references and index.
• Intro -- Preface -- Provenance of the Various Chapters -- Contents -- List of Figures -- List of Tables -- 1 Introduction -- 1.1 The Origins of a Concept -- 1.2 The Neo-Classical Approach -- 1.3 The Contents of This Book -- 2 A Framework Without Assumptions -- 2.1 Introduction -- 2.2 The Basic Input-Output Model -- 2.2.1 Notation -- 2.2.2 Total Factor Productivity Index -- 2.2.3 Growth Accounting (1) -- 2.2.4 Total Factor Productivity Indicator -- 2.2.5 The Equivalence of Multiplicative and AdditiveModels -- 2.2.6 Partial Productivity Measures -- 2.3 Different Models, Similar Measures -- 2.3.1 The KL-VA Model -- 2.3.2 Growth Accounting (2) -- 2.3.3 The K-CF Model -- 2.4 More Models -- 2.5 Capital Utilization -- 2.6 An Empirical Illustration -- 2.7 Conclusion -- Appendix A: Indices and Indicators -- Indices -- The Main Formulas -- Two-Stage Indices -- Indicators -- The Main Formulas -- Appendix B: Decompositions of the Value-Added Ratio -- Appendix C: The Domar Factor -- And the TFP Index -- And the Labour Productivity Index -- 3 Capital Input Cost -- 3.1 Introduction -- 3.2 Defining Capital Input Cost -- 3.3 The Relation with Capital Stock Measures and the Classic Formulas -- 3.4 The Relation Between Asset Price and Unit User Cost -- 3.5 Rates of Return -- 3.6 Aggregation -- 3.7 Some Implementation Issues -- 3.8 Conclusion -- Appendix A: Decompositions of Time-Series Depreciation -- Appendix B: Geometric Profiles -- 4 Annual and Quarterly Measures -- 4.1 Introduction -- 4.2 A Simple Case -- 4.2.1 Productivity -- 4.2.2 Productivity Change -- 4.2.3 Relations -- 4.3 A More Realistic Case -- 4.4 The System View -- 4.5 Subperiod Productivity Indices as Approximations -- 4.6 Conclusion -- 5 Dynamics: The Bottom-Up Approach -- 5.1 Introduction -- 5.2 Accounting Identities -- 5.3 Continuing, Entering, and Exiting Production Units.
• 5.4 Productivity Indices and Levels -- 5.4.1 Indices -- 5.4.2 Levels -- 5.4.3 Linking Levels and Indices -- 5.4.4 When Not All the Data Are Accessible -- 5.4.4.1 Sectoral Studies -- 5.4.4.2 Microdata Studies -- 5.5 Decompositions: Arithmetic Approach -- 5.5.1 The First Three Methods -- 5.5.2 Interlude: The TRAD, CSLS, and GEAD Decompositions -- 5.5.3 The Fourth and Fifth Method -- 5.5.4 Another Five Methods -- 5.5.5 Provisional Evaluation -- 5.6 Decompositions: Logmean Approach -- 5.7 Decompositions: Geometric and Harmonic Approach -- 5.8 Monotonicity Paradox? -- 5.9 The Olley-Pakes Decomposition -- 5.10 The Choice of Weights -- 5.11 Conclusion -- Appendix A: Reinsdorf's Extension of the GR Method -- Appendix B: Exercises on the Netherlands ManufacturingIndustry, 1984-1999 -- Appendix C: Generalization of the OP Decomposition -- 6 The Top-Down Approach 1: Aggregate Output and Simple Labour Productivity Indices -- 6.1 Introduction -- 6.2 Conventional Decompositions -- 6.3 Symmetric Decompositions of Aggregate Output Change -- 6.4 Symmetric Decompositions of Simple Labour Productivity Change -- 6.5 Conclusion -- Appendix A: The Tang and Wang Method -- Appendix B: Dumagan's Decomposition -- Appendix C: Proof of Expression (6.13) -- 7 The Top-Down Approach 2: Aggregate Total Factor Productivity Index -- 7.1 Introduction -- 7.2 First Decomposition -- 7.3 Second Decomposition -- 7.4 Third Decomposition -- 7.5 Asymmetric Decompositions -- 7.6 The Differential Price Change Term -- 7.7 The Case of a Dynamic Ensemble -- 7.8 Dynamic Ensemble: More Decompositions -- 7.9 Linking Value-Added Based to Gross-Output Based Productivity Change -- 7.10 Growth Accounting (3) -- 7.11 Conclusion -- 8 The Top-Down Approach 3: Aggregate Total Factor Productivity Level -- 8.1 Introduction -- 8.2 Prerequisites.
• 8.3 Decomposing Value-Added Based Total Factor Productivity Change -- 8.4 Decomposing the Reallocation Factor into Contributions of Separate Primary Inputs -- 8.5 Introducing Gross-Output Based Total Factor Productivity Change -- 8.6 The Zero Profit Case -- 8.7 Going Beyond Total Factor Productivity Change -- 8.8 Conclusion -- Appendix: Analyzing Baumol's `Growth Disease' -- 9 Connecting the Two Approaches -- 9.1 Introduction -- 9.2 The Connection Defined -- 9.3 Value-Added Based Total Factor Productivity -- 9.3.1 General Case -- 9.3.2 Additivity Imposed -- 9.4 Value-Added Based Labour Productivity -- 9.4.1 General Case -- 9.4.2 Simple Labour Productivity -- 9.4.3 Additivity Imposed -- 9.5 Gross-Output Based Productivity -- 9.5.1 Simple Labour Productivity -- 9.5.2 Total Factor Productivity -- 9.5.3 Some Empirical Evidence -- 9.6 Conclusion -- 10 The Components of Total Factor Productivity Change -- 10.1 Introduction -- 10.2 Basic Definitions -- 10.2.1 Technologies, Distance Functions, and RelatedMeasures -- 10.2.2 Measuring Productivity Change and Level -- 10.3 Decomposing a Malmquist Productivity Index by Output Distance Functions -- 10.3.1 The Base Period Viewpoint -- 10.3.2 The Comparison Period Viewpoint -- 10.3.3 The `Geometric Mean' Viewpoint -- 10.4 Decomposing a Malmquist Productivity Index by Input Distance Functions -- 10.4.1 The Base Period Viewpoint -- 10.4.2 The Comparison Period Viewpoint -- 10.4.3 The `Geometric Mean' Viewpoint -- 10.5 Decomposing a Moorsteen-Bjurek Productivity Index -- 10.5.1 Definitions -- 10.5.2 Decompositions -- 10.6 Decomposing a Lowe Productivity Index -- 10.6.1 Definitions -- 10.6.2 Decompositions -- 10.7 Decomposing a Cobb-Douglas Productivity Index -- 10.7.1 Definitions -- 10.7.2 Decompositions -- 10.8 An Empirical Application -- 10.8.1 Data and DEA Approach -- 10.8.2 Results -- 10.9 Conclusion.
• Appendix A: Components of o0(x1,y1,x0,y0) Along Path A -- Appendix B: Data Envelopment Analysis (DEA) -- Bibliography -- Index.
• 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.
• Description based on print version record.