Measuring Productivity Change without Neoclassical Assumptions: A Conceptual Analysis
No WP042007, CEPA Working Papers Series from University of Queensland, School of Economics
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 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.
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Working Paper: Measuring Productivity Change without Neoclassical Assumptions: A Conceptual Analysis (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:27
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