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Measuring Productivity Change without Neoclassical Assumptions: A Conceptual Analysis

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Author Info
Balk, B.M. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)
Abstract

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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File URL: http://hdl.handle.net/1765/13876
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Publisher Info
Paper provided by Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam. in its series Research Paper with number ERS-2008-077-MKT Revision_Date: 2009-04-07.

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Date of creation: 17 Nov 2008
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Handle: RePEc:dgr:eureri:1765013876

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Web page: http://www.erim.eur.nl/

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Related research
Keywords: producer; profit; profitability; productivity; decomposition; capital; index number theory; HF5686.P86;

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This page was last updated on 2009-11-11.

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