TY - BOOK AU - Morrison, Catherine J. TI - Microeconomic approach to the measurement of economic performance: Productivity growth, capacity utilization, and related performance indicators SN - 9781461397625 PY - 2011/// CY - Turkey PB - Springer-Verlag N1 - 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬 (𝟏𝟎 𝐜𝐡𝐚𝐩𝐭𝐞𝐫𝐬) Introduction Catherine J. Morrison Pages 1-25 The Traditional Measurement of Productivity Growth: Theoretical Issues Catherine J. Morrison Pages 27-51 The Measurement and Interpretation of Capacity Utilization Catherine J. Morrison Pages 53-77 Interactions Among Measures of Productivity Growth, Returns to Scale and Capacity Utilization Catherine J. Morrison Pages 79-103 Empirical Implementation of Productivity Growth Measures and Adjustments Catherine J. Morrison Pages 105-129 Data Construction for Estimation and Measurement Catherine J. Morrison Pages 131-157 Issues of Econometric Implementation Catherine J. Morrison Pages 159-183 Empirical Evidence on Productivity Growth and Capacity Utilization Catherine J. Morrison Pages 185-212 Other Factors Affecting Productivity Growth: Some Recent Developments Catherine J. Morrison Pages 213-236 Pulling it Together Catherine J. Morrison Pages 237-262 N2 - 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 ER -