Cost Structure and the Measurement of Economic Performance: Productivity, Utilization, Cost Economics, and Related Performance Indicators (Paperback)Catherine J.Morrison Paul (author)
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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.
Publisher: Springer-Verlag New York Inc.
Number of pages: 363
Weight: 581 g
Dimensions: 235 x 155 x 19 mm
Edition: Softcover reprint of the original 1st ed. 199
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)
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