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Performance measurement in an input-output framework

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  • Thijs ten Raa

Abstract

This paper fruitfully combines two complementary theories: performance measurement and input-output analysis. Our point of departure is the theory of the consumer, who maximizes utility subject to a budget constraint. His well-being can be measured by the change in the consumption bundle, valued at constant prices. Input-output analysis is invoked to impute the change in this bundle to technical change, a terms-of-trade effect and two types of efficiency change. The analysis is extended to environmental economics. JEL Classification: C67, O47, Q56. Copyright ten Raa; licensee Springer 2012

Suggested Citation

  • Thijs ten Raa, 2012. "Performance measurement in an input-output framework," Journal of Economic Structures, Springer;Pan-Pacific Association of Input-Output Studies (PAPAIOS), vol. 1(1), pages 1-5, December.
    • Handle: RePEc:spr:jecstr:v:1:y:2012:i:1:p:1-5:10.1186/2193-2409-1-2
    DOI: 10.1186/2193-2409-1-2
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    References listed on IDEAS

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    1. ten Raa,Thijs, 2006. "The Economics of Input-Output Analysis," Cambridge Books, Cambridge University Press, number 9780521841795.
    2. Thijs Raa, 2008. "Debreu’s coefficient of resource utilization, the Solow residual, and TFP: the connection by Leontief preferences," Journal of Productivity Analysis, Springer, vol. 30(3), pages 191-199, December.
    3. Martin L. Weitzman, 1976. "On the Welfare Significance of National Product in a Dynamic Economy," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(1), pages 156-162.
    4. Comanor, William S, 1969. "Allocative Efficiency, X-Efficiency and the Measurement of Welfare Losses," Economica, London School of Economics and Political Science, vol. 36(143), pages 304-309, August.
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    More about this item

    Keywords

    performance measurement; growth accounting; terms of trade; environmental constraint;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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