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Full Description
Productivity underpins business success and national well-being and thus it is crucial to understand the factors that influence productivity growth. This volume provides a comprehensive exploration into the significance of productivity growth for business, the economy, and for social economic progress. It examines how productivity is defined, measured and implemented. It also surveys the dispersion of productivity across time and place, focusing on the productivity dynamics that either leads to a reallocation of resources that reduces dispersion and increases aggregate productivity or, conversely, allows dispersion to persist behind barriers to productivity-enhancing reallocation. A third focus is an investigation of the drivers of, or impediments to, productivity growth, some of which are organizational in nature and under management control and others of which are institutional in nature and subject to public policy intervention.
The Oxford Handbook of Productivity Analysis contains contributions of distinguished productivity experts from around the world who analyze a wide range of timely issues. These issues concern purely analytical topics surrounding the measurement of productivity in various situations, beginning with the ideal situation in which all inputs and all outputs, and their prices, are observed accurately. They also include service sectors such as education in which the services provided are hard to define, much less measure, and other sectors that generate undesirable environmental externalities that are difficult to price and complicate the very definition of productivity. The issues also involve business management topics ranging from the role of business models and benchmarking to the quality of management practices, the adoption of new technologies, and possible complementarities between the two. The relationship between productivity and business performance is also explored. At a more aggregate level the issues range from the impacts of market power, incentive regulation, international trade and global value chains on productivity, to the contribution of productivity to economic development and economic welfare.
Contents
PART I: EDITORS' INTRODUCTION
1. Overview of Productivity Analysis: History, Issues and Perspectives
Emili Grifell-Tatjé, C. A. Knox Lovell, and Robin C. Sickles
PART II: THE FOUNDATIONS OF PRODUCTIVITY ANALYSIS
2. Empirical Productivity Indices and Indicators
Bert M. Balk
3. The BLS Productivity Program
Lucy Eldridge, Chris Sparks, and Jay Stewart
4. Theoretical Productivity Indices
R. Robert Russell
5. Dynamic Efficiency and Productivity
Rolf Färe, Shawna Grosskopf, Dimitris Margaritis, and William L. Weber
6. Productivity Measurement in Sectors with Hard-to-Measure Output
Kim Zieschang
7. Productivity Measurement in the Public Sector
W. Erwin Diewert
8. Productivity Measurement and the Environment
Finn R. Førsund
PART III: MICROECONOMIC STUDIES
9. Productivity and Financial Performance
Emili Grifell-Tatjé and C. A. Knox Lovell
10. Business Model Innovation and Replication: Implications for the Measurement of Productivity
Roberto Garcia-Castro, Joan Enric Ricart, Marvin B. Lieberman, and Natarajan Balasubramanian
11. The Labor Productivity of Family Firms: A Socioemotional Wealth Perspective
Shainaz Firfiray, Martin Larraza-Kintana, and Luis R. Gómez-Mejía
12. Innovation, Management Practices, and Productivity
Mary J. Benner
13. Internationalization, Innovation and Productivity
Bruno Cassiman and Elena Golovko
14. Effect of International Competition on Firm Productivity and Market Power
Jan De Loecker and Johannes Van Biesebroeck
15. Efficiency Measures in Regulated Industries: History, Outstanding Challenges and Emerging Solutions
Laurens Cherchye, Bram De Rock, Antonio Estache, and Marijn Verschelde
16. Theory, Techniques and Applications of Regulatory Benchmarking and Productivity Analysis
Per J. Agrell and Peter Bogetoft
PART IV: MACROECONOMIC STUDIES
17. Productivity and Welfare Performance in the Public Sector
Mathieu Lefebvre, Sergio Perelman, and Pierre Pestieau
18. Measuring Productivity Dispersion
Eric J. Bartelsman and Zoltan Wolf
19. Decomposing Value Added Growth into Explanatory Factors
W. Erwin Diewert and Kevin J. Fox
20. The World KLEMS Initiative: Measuring Productivity at the Industry Level
Dale W. Jorgenson
21. Productivity and Substitution Patterns in Global Value Chains
Marcel Timmer and Xianjia Ye
22. The Industry Sources of Productivity Growth and Convergence
Robert Inklaar
23. Productivity and Economic Development
Hak K. Pyo
24. The Productivity of Nations
Oleg Badunenko, Daniel J. Henderson, and Valentin Zelenyuk
