The Residual: On Monitoring and Benchmarking Firms, Industries, and Economies with Respect to Productivity
Productivity is an important component of profitability, and therefore an important variable for monitoring and benchmarking exercises. This survey discusses the basic accounting model as well as the various measurement problems one gets involved in. By virtue of its structural features, this model is applicable to individual firms and aggregates such as industries or economies.Though the measurement of productivity change and productivity differences is important, still more important is their explanation. Thus, first, this article reviews recent results relating to the decomposition of aggregate productivity change into components due to firm dynamics and intra-firm productivity change, results which were obtained by studying longitudinal enterprise microdata sets. Second, this article reviews a number of methods for decomposing productivity change and productivity differences, whether at the individual firm level or at aggregate level, into partial measures relating to technological change and efficiency change. The combination of both research strategies seems to be a promising undertaking. Copyright Kluwer Academic Publishers 2003
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- George J. Stigler, 1947. "Trends in Output and Employment," NBER Books, National Bureau of Economic Research, Inc, number stig47-1, June.
- Griliches, Zvi & Regev, Haim, 1995. "Firm productivity in Israeli industry 1979-1988," Journal of Econometrics, Elsevier, vol. 65(1), pages 175-203, January.
- George J. Stigler, 1947. "Introduction to "Trends in Output and Employment"," NBER Chapters, in: Trends in Output and Employment, pages 1-2 National Bureau of Economic Research, Inc.
- Uwe Cantner & Horst Hanusch, 2000. "Heterogeneity and Evolutionary Change - Empirical Conception, Findings and Unresolved Issues," Discussion Paper Series 190, Universitaet Augsburg, Institute for Economics.
- Erik Dietzenbacher & Bart Los, 1998. "Structural Decomposition Techniques: Sense and Sensitivity," Economic Systems Research, Taylor & Francis Journals, vol. 10(4), pages 307-324.
- Dale W. Jorgenson, 2001. "Information Technology and the U.S. Economy," American Economic Review, American Economic Association, vol. 91(1), pages 1-32, March.
When requesting a correction, please mention this item's handle: RePEc:kap:jproda:v:20:y:2003:i:1:p:5-47. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.