Contributions to Economics

Productivity

Concepts, Measurement, Aggregation, and Decomposition

Authors: Balk, Bert M.

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  • Develops the theory of productivity measurement without relying on neo-classical assumptions
  • Emphasizes the fundamental equivalence of multiplicative and additive models
  • Rooted in National Accounts, with much attention for measurement issues
  • Contains a comprehensive discussion of top-down and bottom-up aggregation
  • Discusses the decomposition of productivity indices into components
  • Focuses on practical application of theory
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  • ISBN 978-3-030-75448-8
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About this book

This book develops the theory of productivity measurement using the empirical index number approach. The theory uses multiplicative indices and additive indicators as measurement tools, instead of relying on the usual neo-classical assumptions, such as the existence of a production function characterized by constant returns to scale, optimizing behavior of the economic agents, and perfect foresight. The theory can be applied to all the common levels of aggregation (micro, meso, and macro), and half of the book is devoted to accounting for the links existing between the various levels. Basic insights from National Accounts are thereby used. The final chapter is devoted to the decomposition of productivity change into the contributions of efficiency change, technological change, scale effects, and input or output mix effects. Applications on real-life data demonstrate the empirical feasibility of the theory. 

The book is directed to a variety of overlapping audiences: statisticians involved in measuring productivity change; economists interested in growth accounting; researchers relating macro-economic productivity change to its industrial sources; enterprise micro-data researchers; and business analysts interested in performance measurement.

About the authors

Prof. Dr. Bert M. Balk (1947) held a chair in business administration, in particular the measurement of price, quantity, and productivity changes and economic-statistical research, at Rotterdam School of Management, from 2001 to 2011. This chair was supported by Statistics Netherlands, where Prof. Balk worked in various positions from 1973 to 2011. He was deputy head of the Department for Price Statistics, and pioneering director of the Center for Research of Enterprise Microdata. His research interests include measurement in economics, in particular index number theory and productivity measurement. He has published a large number of articles in academic journals, has written two books, and has served on the editorial boards of the Journal of Productivity Analysis, Statistica Neerlandica, and The Review of Income and Wealth. He is a fellow of the Society for Economic Measurement. 

Table of contents (10 chapters)

Table of contents (10 chapters)

Buy this book

eBook $109.00
price for Brazil
  • ISBN 978-3-030-75448-8
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $139.99
price for Brazil
  • ISBN 978-3-030-75447-1
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
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Bibliographic Information

Bibliographic Information
Book Title
Productivity
Book Subtitle
Concepts, Measurement, Aggregation, and Decomposition
Authors
Series Title
Contributions to Economics
Copyright
2021
Publisher
Springer International Publishing
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-75448-8
DOI
10.1007/978-3-030-75448-8
Hardcover ISBN
978-3-030-75447-1
Series ISSN
1431-1933
Edition Number
1
Number of Pages
XVII, 328
Number of Illustrations
4 b/w illustrations
Topics