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Cost Structure and the Measurement of Economic Performance

Productivity, Utilization, Cost Economics, and Related Performance Indicators

  • Book
  • © 1999

Overview

Authors:
  1. Catherine J. Morrison Paul

    1. University of California, Davis, USA

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xiv
    Download chapter PDF

  2. Introduction to the Conceptual Framework

    • Catherine J. Morrison Paul
    Pages 1-24

  3. Traditional Productivity Growth Measurement

    • Catherine J. Morrison Paul
    Pages 25-55

  4. The Short Run, Capital, and Capacity Utilization

    • Catherine J. Morrison Paul
    Pages 57-87

  5. Short and Long Run Scale and other Cost Economies

    • Catherine J. Morrison Paul
    Pages 89-115

  6. Internal and External Cost Economies, and Growth

    • Catherine J. Morrison Paul
    Pages 117-145

  7. Market Structure and Economic Performance

    • Catherine J. Morrison Paul
    Pages 147-173

  8. Regulatory Structure and Costs

    • Catherine J. Morrison Paul
    Pages 175-207

  9. Technical Efficiency

    • Catherine J. Morrison Paul
    Pages 209-239

  10. Underlying Theory and Implementation Issues

    • Catherine J. Morrison Paul
    Pages 241-268

  11. Data Construction for Estimation and Measurement

    • Catherine J. Morrison Paul
    Pages 269-299

  12. Issues of Econometric Implementation

    • Catherine J. Morrison Paul
    Pages 301-330

  13. Pulling It Together

    • Catherine J. Morrison Paul
    Pages 331-336

  14. Back Matter

    Pages 337-363
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Keywords

About this book

Cost Structure and the Measurement of Economic Performance is designed to provide a comprehensive guide for students, researchers or consultants who wish to model, construct, interpret, and use economic performance measures. The topical emphasis is on productivity growth and its dependence on the cost structure. The methodological focus is on application of the tools of economic analysis - the `thinking structure' provided by microeconomic theory - to measure technological or cost structure, and link it with market and regulatory structure. This provides a rich basis for evaluation of economic performance and its determinants.
The format of the book stresses topics or questions of interest rather than the theoretical tools for analysis. Traditional productivity growth modeling and measurement practices that result in a productivity residual often called the `measure of our ignorance' are initially overviewed, and then the different aspects of technological, market and regulatory structure that might underlie this residual are explored. The ultimate goal is to decompose or explain the residual, by modeling and measuring a multitude of impacts that determine the economic performance of firms, sectors, and economies.
The chapters are organized with three broad goals in mind. The first is to introduce the overall ideas involved in economic performance measurement and traditional productivity growth analysis. Issues associated with different types of (short and long run, internal and external) cost economies, market and regulatory impacts, and other general cost efficiencies that might impact these measures are then explored. Finally, some of the theoretical, data construction and econometric tools necessary to justify and implement these models are emphasized.

Reviews

`... we have here a well-written book by an author who knows the subject from within. The book guides into a rich literature and opens up many avenues for further research.'
Kwantitatieve Methoden, Nr. 64 (2000)
`Overall, this book is an excellent book for anyone interested in measuring adn decomposing productivity growth, as well as factors that affect its measurement and decomposition. The book also provides readers with insights useful when considering whether a short-run or long-run cost function is the appropiate function to estimate. Professor Paul has provided readers with a very intuitive, substantial, and well-written book on the subject matter with many good references. The book could be used as a textbook for a graduate economics course on productivity growth measurement.'
Southern Economic Journal, 68:1 (2001)

Authors and Affiliations

  • University of California, Davis, USA

    Catherine J. Morrison Paul

Bibliographic Information

  • Book Title: Cost Structure and the Measurement of Economic Performance

  • Book Subtitle: Productivity, Utilization, Cost Economics, and Related Performance Indicators

  • Authors: Catherine J. Morrison Paul

  • DOI: https://doi.org/10.1007/978-1-4615-5093-8

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1999

  • Hardcover ISBN: 978-0-7923-8403-8Published: 28 February 1999

  • Softcover ISBN: 978-1-4613-7317-9Published: 05 November 2012

  • eBook ISBN: 978-1-4615-5093-8Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XIV, 363

  • Topics: Microeconomics, Econometrics, Operations Research/Decision Theory

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