Measuring Productivity

57 Pages Posted: 18 Oct 2011

See all articles by Massimo Del Gatto

Massimo Del Gatto

CRENOS - Centre for North South Economic Research; 'Gabriele d'Annunzio' University of Chieti-Pescara - Faculty of Economics

Adriana Di Liberto

Università di Cagliari and Crenos; IZA Institute of Labor Economics

Carmelo Petraglia

University of Basilicata, DiMIE

Multiple version iconThere are 2 versions of this paper

Date Written: December 2011

Abstract

Quantifying productivity is a conditio sine qua non for empirical analysis in a number of research fields. The identification of the measure that best fits with the specific goals, as well as being data driven, is currently complicated by the fact that an array of methodologies is available. This paper provides economic researchers with an up‐to‐date overview of issues and relevant solutions associated with this choice. Methods of productivity measurement are surveyed and classified according to three main criteria: (i) macro/micro; (ii) frontier/non‐frontier and (iii) deterministic/econometric.

Keywords: Aggregate productivity, Development accounting, Firm‐level productivity, Frontier analysis, Omitted price bias, TFP

Suggested Citation

Del Gatto, Massimo and Del Gatto, Massimo and Di Liberto, Adriana and Petraglia, Carmelo, Measuring Productivity (December 2011). Journal of Economic Surveys, Vol. 25, Issue 5, pp. 952-1008, 2011, Available at SSRN: https://ssrn.com/abstract=1945578 or http://dx.doi.org/10.1111/j.1467-6419.2009.00620.x

Massimo Del Gatto (Contact Author)

CRENOS - Centre for North South Economic Research ( email )

Cagliari
Italy

'Gabriele d'Annunzio' University of Chieti-Pescara - Faculty of Economics ( email )

Faculty of Economics - Department of Economics
Viale Pindaro, 42
Pescara, 65127
Italy

Adriana Di Liberto

Università di Cagliari and Crenos ( email )

via S. Ignazio 78
Cagliari, 09123
Italy

IZA Institute of Labor Economics ( email )

P.O. Box 7240
Bonn, D-53072
Germany

Carmelo Petraglia

University of Basilicata, DiMIE ( email )

Via dell'Ateneo Lucano 10
Potenza
Italy

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