Measuring Productivity Change Without Neoclassical Assumptions: A Conceptual Analysis

68 Pages Posted: 21 Nov 2008

Date Written: 17 2008, 11

Abstract

The measurement of productivity change (or difference) is usually based on models that make use of strong assumptions such as competitive behaviour and constant returns to scale. This survey discusses the basics of productivity measurement and shows that one can dispense with most if not all of the usual, neoclassical assumptions. By virtue of its structural features, the measurement model is applicable to individual establishments and aggregates such as industries, sectors, or economies.

Keywords: producer, profit, profitability, productivity, decomposition, capital, index number theory, HF5686.P86

JEL Classification: C44, M31, M, B41, L11

Suggested Citation

Balk, Bert M., Measuring Productivity Change Without Neoclassical Assumptions: A Conceptual Analysis (17 2008, 11). ERIM Report Series Reference No. ERS-2008-077-MKT, Available at SSRN: https://ssrn.com/abstract=1304671

Bert M. Balk (Contact Author)

RSM Erasmus University ( email )

Burg Oudlaan 50
Rotterdam, 3062 PA
Netherlands

HOME PAGE: http://www.rsm.nl/bbalk

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