Performance measurement in an input-output framework

Thijs ten Raa

Journal of Economic Structures, 2012, vol. 1, issue 1, 1-5

Abstract: This paper fruitfully combines two complementary theories: performance measurement and input-output analysis. Our point of departure is the theory of the consumer, who maximizes utility subject to a budget constraint. His well-being can be measured by the change in the consumption bundle, valued at constant prices. Input-output analysis is invoked to impute the change in this bundle to technical change, a terms-of-trade effect and two types of efficiency change. The analysis is extended to environmental economics. JEL Classification: C67, O47, Q56. Copyright ten Raa; licensee Springer 2012

Keywords: performance measurement; growth accounting; terms of trade; environmental constraint (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1186/2193-2409-1-2

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