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Economic Capacity Utilization And Productivity Measurement For Multiproduct Firms With Multiple Quasi Fixed Inputs
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Book Synopsis Economic Capacity Utilization and Productivity Measurement for Multiproduct Firms with Multiple Quasi-fixed Inputs by : Ernst R. Berndt
Download or read book Economic Capacity Utilization and Productivity Measurement for Multiproduct Firms with Multiple Quasi-fixed Inputs written by Ernst R. Berndt and published by . This book was released on 1989 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Capacity Utilization and Productivity Measurement for Multiproduct Firms with Multiple Quasi-fixed Inputs by :
Download or read book Economic Capacity Utilization and Productivity Measurement for Multiproduct Firms with Multiple Quasi-fixed Inputs written by and published by . This book was released on 1989 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Capacity Utilization and Productivity Measurement for Multiproduct Firms with Multiple Quasi-fixed Inputs by : Ernst R. Berndt
Download or read book Economic Capacity Utilization and Productivity Measurement for Multiproduct Firms with Multiple Quasi-fixed Inputs written by Ernst R. Berndt and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Productivity Measurement with Nonstatic Expectations and Varying Capacity Utilization by : Catherine J. Morrison
Download or read book Productivity Measurement with Nonstatic Expectations and Varying Capacity Utilization written by Catherine J. Morrison and published by . This book was released on 1985 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Typically measures of multifactor productivity growth have been based on a production and optimization framework that assumes all inputs are instantaneously adjustable, thus ignoring the important impacts of short run fixity of certain inputs. This paper focuses on the distinction between short and long run production behavior represented by economic capacity utilization indexes, and on the adjustment of observed productivity measures for the effects of short run fixity characterized by these indexes. A dynamic optimization model based on adjustment costs for quasi-fixed inputs is developed to calculate capacity utilization adjustments for productivity growth measures. The resulting framework is then used to identify empirically the effects of capacity utilization, nonstatic expectations, nonconstant returns to scale and adjustment costs for both capital and labor on productivity growth in the U.S. manufacturing sector, 1947-1979
Book Synopsis Dynamic Efficiency and Productivity Measurement by : Elvira Silva
Download or read book Dynamic Efficiency and Productivity Measurement written by Elvira Silva and published by Oxford University Press, USA. This book was released on 2020 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The book takes on a systematic treatment of dynamic decision making and performance measurement. The analytical foundations of the dynamic production technology are introduced and developed in detail for several primal representations of the technology with an emphasis on dynamic directional distance functions. Dynamic cost minimization and dynamic profit maximization are developed for primal and dual representations of the dynamic technology. A dynamic production environment can be characterized as one where current production decisions impact future production possibilities. Consequently, the dynamic perspective of production relationships necessarily involves the close interplay between stock and flow elements in the transformation process, and how current decisions impact the changes in future stocks. Stock elements in the production transformation process can involve physical elements that can be effectively employed in the transformation process that can include the stock of technical knowledge and expertise available to the decision maker during the decision period. The dynamic generalization of concepts measuring the production structure (e.g., economies of scale, economies of scope, capacity utilization) and performance (e.g., allocative, scale and technical inefficiency, productivity) are developed from primal and dual perspectives"--
Author :Catherine J. Morrison Publisher :Springer Science & Business Media ISBN 13 :146139760X Total Pages :300 pages Book Rating :4.4/5 (613 download)
Book Synopsis A Microeconomic Approach to the Measurement of Economic Performance by : Catherine J. Morrison
Download or read book A Microeconomic Approach to the Measurement of Economic Performance written by Catherine J. Morrison and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text is designed to provide a comprehensive guide to students, researchers, or consultants who wish to carry out and to interpret analyses of economic performance, with an emphasis on productivity growth. The text includes an overview of standard productivity growth measurement techniques and adaptations, and data construc tion procedures. It goes further, however, by expanding the tradition al growth accounting (index number) framework to allow consider ation of how different aspects of firm behavior underlying productivity growth are interrelated, how they can be measured con sistently in a parametric model, and how they permit a well-defined decomposition of standard productivity growth measures. These ideas are developed by considering in detail a number of underlying theoretical results and econometric issues. The impacts of various production characteristics on productivity growth trends are also evaluated by overviewing selected methodological extensions and em pirical evidence. More specifically, in the methodological extensions, emphasis is placed on incorporation of cost and demand characteristics, such as fixity and adjustment costs, returns to scale, and the existence of market power, into analyses of productivity growth. These character istics, generally disregarded in such analyses, can have very important impacts on production structure and firm behavior, and thus on economic performance. They also provide the conceptual basis for vii viii PREFACE measures that are often used independently as indicators of economic performance, such as investment, capacity utilization, and profit measures.
Author :Catherine J. Morrison Paul Publisher :Springer Science & Business Media ISBN 13 :0792384032 Total Pages :383 pages Book Rating :4.7/5 (923 download)
Book Synopsis Cost Structure and the Measurement of Economic Performance by : Catherine J. Morrison Paul
Download or read book Cost Structure and the Measurement of Economic Performance written by Catherine J. Morrison Paul and published by Springer Science & Business Media. This book was released on 1999-02-28 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost Structure and the Measurement of Economic Performance is designed to provide a comprehensive guide for students, researchers or consultants who wish to model, construct, interpret, and use economic performance measures. The topical emphasis is on productivity growth and its dependence on the cost structure. The methodological focus is on application of the tools of economic analysis - the `thinking structure' provided by microeconomic theory - to measure technological or cost structure, and link it with market and regulatory structure. This provides a rich basis for evaluation of economic performance and its determinants. The format of the book stresses topics or questions of interest rather than the theoretical tools for analysis. Traditional productivity growth modeling and measurement practices that result in a productivity residual often called the `measure of our ignorance' are initially overviewed, and then the different aspects of technological, market and regulatory structure that might underlie this residual are explored. The ultimate goal is to decompose or explain the residual, by modeling and measuring a multitude of impacts that determine the economic performance of firms, sectors, and economies. The chapters are organized with three broad goals in mind. The first is to introduce the overall ideas involved in economic performance measurement and traditional productivity growth analysis. Issues associated with different types of (short and long run, internal and external) cost economies, market and regulatory impacts, and other general cost efficiencies that might impact these measures are then explored. Finally, some of the theoretical, data construction and econometric tools necessary to justify and implement these models are emphasized.
Book Synopsis New Developments in Productivity Analysis by : Charles R. Hulten
Download or read book New Developments in Productivity Analysis written by Charles R. Hulten and published by University of Chicago Press. This book was released on 2007-11-01 with total page 648 pages. Available in PDF, EPUB and Kindle. Book excerpt: The productivity slowdown of the 1970s and 1980s and the resumption of productivity growth in the 1990s have provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues. The result is a state-of-the-art exposition of contemporary productivity analysis. Charles R. Hulten is professor of economics at the University of Maryland. He has been a senior research associate at the Urban Institute and is chair of the Conference on Research in Income and Wealth of the National Bureau of Economic Research. Michael Harper is chief of the Division of Productivity Research at the Bureau of Labor Statistics. Edwin R. Dean, formerly associate commissioner for Productivity and Technology at the Bureau of Labor Statistics, is adjunct professor of economics at The George Washington University.
Book Synopsis The Measurement of Capacity, Utilization, and Economic Performance by : Ronald Gregory Felthoven
Download or read book The Measurement of Capacity, Utilization, and Economic Performance written by Ronald Gregory Felthoven and published by . This book was released on 2001 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Production Economics by : Subhash C. Ray
Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Author :Food and Agriculture Organization of the United Nations Publisher :Food & Agriculture Org. ISBN 13 :9789251050156 Total Pages :144 pages Book Rating :4.0/5 (51 download)
Book Synopsis Measuring and Assessing Capacity in Fisheries by : Food and Agriculture Organization of the United Nations
Download or read book Measuring and Assessing Capacity in Fisheries written by Food and Agriculture Organization of the United Nations and published by Food & Agriculture Org.. This book was released on 2003-11-30 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper contains guidance on the measurement and assessment of fishing capacity, in light of the International Plan of Action for the Management of Fishing Capacity. Topics discussed include: definitions of capacity and related concepts; measurement of capacity and capacity utilisation; methodologies such as rapid appraisal techniques, stochastic production frontiers and data envelopment analysis; target capacity; interpretation and use of excess capacity measures.
Book Synopsis Production and Cost Functions by : Erkin Bairam
Download or read book Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.
Book Synopsis Measuring Capacity in Fisheries by : Sean Pascoe
Download or read book Measuring Capacity in Fisheries written by Sean Pascoe and published by Food & Agriculture Org.. This book was released on 2003 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methods are applied to a number of fisheries for example purpose.
Author :Ernst R. Berndt Publisher :Institute for Policy Analysis, University of Toronto ISBN 13 : Total Pages :42 pages Book Rating :4.:/5 (11 download)
Book Synopsis Productivity Measurement Using Capital Asset Valuation to Adjust for Variations in Utilization by : Ernst R. Berndt
Download or read book Productivity Measurement Using Capital Asset Valuation to Adjust for Variations in Utilization written by Ernst R. Berndt and published by Institute for Policy Analysis, University of Toronto. This book was released on 1981 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although a great deal of empirical research on productivity measurement has taken place in the last decade, one issue remaining particularly controversial and decisive is the manner by which one adjusts the productivity residual for variations in capital and capacity utilization. In this paper we use the Marshallian framework of a short run production or cost function with certain inputs quasi-fixed to provide a theoretical basis for accounting for variations in utilization. The theoretical model implies that the value of services from stocks of quasi-fixed inputs should be altered rather than their quantity. This represents a departure from most previous procedures that have adjusted the quantity of capital services for variations in utilization. In the empirical illustration, we employ Tobin's q to measure the shadow value of capital, and find that for the U.S. manufacturing sector, we can attribute about 50% of the traditionally measured decline in productivity growth during 1973-77 to a decline in capacity utilization. Hence, adjusted for utilization, the 1973-77 productivity slowdown in U.S. manufacturing is considerably less than that measured using traditional productivity accounting techniques.
Book Synopsis Post-Stabilization Economics in Sub-Saharan Africa by : Mr.Shanaka J. Peiris
Download or read book Post-Stabilization Economics in Sub-Saharan Africa written by Mr.Shanaka J. Peiris and published by International Monetary Fund. This book was released on 2008-05-01 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mozambique is an economic success story in sub-Saharan Africa (SSA). Its remarkable achievements offer valuable lessons to other low-income countries in a post-stabilization economic phase, including how they can efficiently manage a scaling up of foreign aid aimed at poverty reduction. Of special interest to other sub-Saharan countries are the book's discussions of Mozambique's progress toward consolidating macroeconomic and financial stability, and the challenges it faces in ensuring long-term sustainability, creating a virtuous cycle of natural resource use, and implementing second-generation structural reforms to sustain its growth. This book also provides a summary of the most recent research on issues related to post-stabilization economics in SSA.
Book Synopsis Technical Change, Markup, Divestiture and Productivity Growth in the U.S. Telecommunications Industry by : M. Ishaq Nadiri
Download or read book Technical Change, Markup, Divestiture and Productivity Growth in the U.S. Telecommunications Industry written by M. Ishaq Nadiri and published by . This book was released on 1997 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Econometrics written by and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
