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This chapter defines the concepts of this Handbook - performance, productivity, efficiency, and profitability - and … discusses the interrelations. The most prominent performance measure, total factor productivity growth, is grounded in activity … analysis and related to Debreu's coefficient of resource utilization. The performance literature considers Debreu's coefficient …
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The distinguishing feature of the Bayesian approach in performance evaluation is that parameter uncertainty of the … techniques that can handle complicated models of performance, where the sampling-theory approach is quite difficult to implement. …
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This chapter discusses common methodological, theoretical and empirical choices that scholars face when undertaking productive and economic efficiency analyses. After summarizing the main results of duality theory in Section 2, we outline in Section 3 the most popular empirical methods available...
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This chapter reviews the ways that economists measure the aggregate economic performance of national economies … definition of what measure of economic performance economists should use. The conventional answer is to measure economic … performance by real gross domestic product, GDP, i.e. the gross value-added measure of GDP. However, it has been frequently …
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their performance. Our results show that the number of persons employed and the investment rate are both determinants of … have a marginal impact on high-tech industries' performance. …
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