A Microeconomic Approach to the Measurement of Economic Performance: Productivity Growth, Capacity Utilization, and Related Performance Indicators (Bilkent University Lecture Series)

This book provides a comprehensive guide to the analysis of economic performance and productivity growth. It includes an overview of standard productivity growth measurement techniques, and also expands the traditional framework to consider how different aspects of firm behavior are interrelated and affect economic performance. These ideas are developed in detail by examining a number of underlying conceptual concerns, theoretical results, data construction procedures, and econometric issues. The implications for evaluating the impacts of various production characteristics on productivity growth trends are then explored by selected methodological extensions and empirical evidence.