Grifell E. The Oxford Handbook of Productivity Analysis 2018

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Grifell E. The Oxford Handbook of Productivity Analysis 2018

Textbook in PDF format 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. Editors’ Introduction Overview of Productivity Analysis: History, Issues, and Perspectives / Emili Grifell-Tatjé, C. A. Knox Lovell, and Robin C. Sickles The Foundations of Productivity Analysis Empirical Productivity Indices and Indicators / Bert M. Balk The US Bureau of Labor Statistics Productivity Program / Lucy P. Eldridge, Chris Sparks, and Jay Stewart Theoretical Productivity Indices / R. Robert Russell Dynamic Efficiency and Productivity / Rolf Färe, Shawna Grosskopf, Dimitris Margaritis, and William L. Weber Productivity Measurement in Sectors with Hard-to-Measure Output / Kim Zieschang Productivity Measurement in the Public Sector / W. Erwin Diewert Productivity Measurement and the Environment / Finn R. Førsund Microeconomic Studies Productivity and Financial Performance / Emili Grifell-Tatjé and C. A. Knox Lovell Business Model Innovation and Replication: Implications for the Measurement of Productivity / Roberto Garcia-Castro, Joan Enric Ricart, Marvin B. Lieberman, and Natarajan Balasubramanian The Labor Productivity of Family Firms: A Socioemotional Wealth Perspective / Shainaz Firfiray, Martin Larraza-Kintana, and Luis R. Gómez-Mejía Innovation, Management Practices, and Productivity / Mary J. Benner Internationalization, Innovation, and Productivity / Bruno Cassiman and Elena Golovko Effect of International Competition on Firm Productivity and Market Power / Jan De Loecker and Johannes Van Biesebroeck Efficiency Measures in Regulated Industries: History, Outstanding Challenges, and Emerging Solutions / Laurens Cherchye, Bram De Rock, Antonio Estache, and Marijn Verschelde Theory, Techniques, and Applications of Regulatory Benchmarking and Productivity Analysis / Per J. Agrell and Peter Bogetoft Macroeconomic Studies Productivity and Welfare Performance in the Public Sector / Mathieu Lefebvre, Sergio Perelman, and Pierre Pestieau Measuring Productivity Dispersion / Eric J. Bartelsman and Zoltan Wolf Decomposing Value-Added Growth into Explanatory Factors / W. Erwin Diewert and Kevin J. Fox The World KLEMS Initiative: Measuring Productivity at the Industry Level / Dale W. Jorgenson Productivity and Substitution Patterns in Global Value Chains / Marcel P. Timmer and Xianjia Ye The Industry Sources of Productivity Growth and Convergence / Robert Inklaar Productivity and Economic Development / Hak K. Pyo The Productivity of Nations / Oleg Badunenko, Daniel J. Henderson, and Valentin Zelenyuk Index