The Palgrave Handbook of Economic Performance Analysis

1. Front Matter

   Pages i-xiii

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2. Introduction

   • William H. Greene, Thijs ten Raa

   Pages 1-8

3. Microfoundations of Earnings Differences

   • Tirthatanmoy Das, Solomon W. Polachek

   Pages 9-76

4. Performance: The Output/Input Ratio

   • Thijs ten Raa

   Pages 77-95

5. R&D, Innovation and Productivity

   • Pierre Mohnen

   Pages 97-122

6. The Choice of Comparable DMUs and Environmental Variables

   • John Ruggiero

   Pages 123-144

7. Data Envelopment Analysis with Alternative Returns to Scale

   • Subhash C. Ray

   Pages 145-188

8. Ranking Methods Within Data Envelopment Analysis

   • Nicole Adler, Nicola Volta

   Pages 189-224

9. Distributional Forms in Stochastic Frontier Analysis

   • Alexander D. Stead, Phill Wheat, William H. Greene

   Pages 225-274

10. Stochastic Frontier Models for Discrete Output Variables

    • Eduardo Fé

    Pages 275-300

11. Nonparametric Statistical Analysis of Production

    • Camilla Mastromarco, Léopold Simar, Paul W. Wilson

    Pages 301-382

12. Bayesian Performance Evaluation

    • Mike G. Tsionas

    Pages 383-417

13. Common Methodological Choices in Nonparametric and Parametric Analyses of Firms’ Performance

    • Luis Orea, José Luis Zofío

    Pages 419-484

14. Pricing Inputs and Outputs: Market Prices Versus Shadow Prices, Market Power, and Welfare Analysis

    • Aditi Bhattacharyya, Levent Kutlu, Robin C. Sickles

    Pages 485-526

15. Aggregation of Individual Efficiency Measures and Productivity Indices

    • Andreas Mayer, Valentin Zelenyuk

    Pages 527-557

16. Intermediate Inputs and Industry Studies: Input-Output Analysis

    • Victoria Shestalova

    Pages 559-600

17. Modelling Environmental Adjustments of Production Technologies: A Literature Review

    • K. Hervé Dakpo, Frederic Ang

    Pages 601-657

18. An Overview of Issues in Measuring the Performance of National Economies

    • Anthony Glass, Karligash Kenjegalieva, Robin C. Sickles, Thomas Weyman-Jones

    Pages 659-705

19. Productivity Indexes and National Statistics: Theory, Methods and Challenges

    • W. Erwin Diewert, Kevin J. Fox

    Pages 707-759

This Handbook takes an econometric approach to the foundations of economic performance analysis. The focus is on the measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to quantify in practice. In real-life applications, efficiency and productivity estimates are often quite sensitive to the models used in the performance assessment and the methodological approaches adopted by the analysis. The Palgrave Handbook of Performance Analysis discusses the two basic techniques of performance measurement – deterministic benchmarking and stochastic benchmarking – in detail, and addresses the statistical techniques that connect them.  All chapters include applications and explore topics ranging from the output/input ratio to productivity indexes and national statistics.

• Deterministic benchmarking
• Stochastic benchmarking
• Statistical techniques
• Decision Making Unit
• Ranking
• Bayesian performance analysis
• Input-output ratio
• Data Envelopment Analysis
• Stochastic Frontier Analysis
• Stochastic frontier models
• Input-output variables
• Pricing inputs and outputs
• Efficiency measures
• Productivity indices
• Performance measurement

• Utrecht School of Economics, Utrecht University, Utrecht, The Netherlands

  Thijs ten Raa

• Stern School of Business, New York University, New York, USA

  William H. Greene

Thijs ten Raa is Lecturer in Economics at Utrecht University in the Netherlands. Professor ten Raa’s primary research area is economic theory. He has published twelve books, including the acclaimed The Economics of Benchmarking (Palgrave Macmillan, 2009) and the textbook Microeconomics (Palgrave Macmillan, 2013). He has published numerous articles in publications including Economics Letters, Journal of Economic Theory, Review of Economics and Statistics, International Economic Review, Review of Income and Wealth, Journal of Productivity Analysis, Journal of Banking and Finance, Journal of Economic Behavior and Organization and Oxford Economic Papers.


William Greene is Professor of Economics at New York University Stern School of Business where he teaches courses in econometrics and statistics. Professor Greene’s primary research areas include econometrics and applied microeconomics; productivity andproduction economics, health econometrics, technical change and the entertainment industry. He has published numerous articles in publications including Econometrica, Economics Letters, American Economic Review, Journal of Econometrics, Journal of Economic Education, Economics Letters, Journal of Economic Perspectives, Review of Economics and Statistics and Journal of Political Economy. He is currently Editor-in-Chief for Journal of Productivity Analysis.

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