TY - CHAP
T1 - A Framework Without Assumptions
AU - Balk, Bert M.
N1 - Publisher Copyright:
© 2021, The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2021/4/22
Y1 - 2021/4/22
N2 - The measurement of productivity change (or difference) is usually based on models relying on strong assumptions such as competitive behaviour and constant returns to scale. This chapter discusses the basics of productivity measurement and shows that one can dispense with most if not all of the usual, neo-classical assumptions. Various models are reviewed and their relationships discussed. Throughout the chapter the equivalence of multiplicative and additive models, as well as the equivalence of productivity measurement and growth accounting, is highlighted. By virtue of their structural features, the various measurement models are applicable to individual establishments and aggregates such as industries, sectors, or economies.
AB - The measurement of productivity change (or difference) is usually based on models relying on strong assumptions such as competitive behaviour and constant returns to scale. This chapter discusses the basics of productivity measurement and shows that one can dispense with most if not all of the usual, neo-classical assumptions. Various models are reviewed and their relationships discussed. Throughout the chapter the equivalence of multiplicative and additive models, as well as the equivalence of productivity measurement and growth accounting, is highlighted. By virtue of their structural features, the various measurement models are applicable to individual establishments and aggregates such as industries, sectors, or economies.
UR - http://www.scopus.com/inward/record.url?scp=85112666381&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-75448-8_2
DO - 10.1007/978-3-030-75448-8_2
M3 - Chapter
AN - SCOPUS:85112666381
T3 - Contributions to Economics
SP - 9
EP - 64
BT - Contributions to Economics
PB - Springer Science+Business Media
ER -