2008-11-17
Measuring Productivity Change without Neoclassical Assumptions: A Conceptual Analysis
Publication
Publication
ERIM report series research in management Erasmus Research Institute of Management
The measurement of productivity change (or difference) is usually based on models that make use of strong assumptions such as competitive behaviour and constant returns to scale. This survey discusses the basics of productivity measurement and shows that one can dispense with most if not all of the usual, neoclassical assumptions. By virtue of its structural features, the measurement model is applicable to individual establishments and aggregates such as industries, sectors, or economies.
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Erasmus Research Institute of Management | |
hdl.handle.net/1765/13876 | |
ERIM Report Series Research in Management | |
ERIM report series research in management Erasmus Research Institute of Management | |
Organisation | Erasmus Research Institute of Management |
Balk, B. (2008). Measuring Productivity Change without Neoclassical Assumptions: A Conceptual Analysis (No. ERS-2008-077-MKT). ERIM report series research in management Erasmus Research Institute of Management. Retrieved from http://hdl.handle.net/1765/13876 |