By introducing emissions as an input in an aggregate production function, The Impact of Environmental Emissions and Aggregate Economic Activity on Industry: Theoretical and Empirical Perspectives ...enhances an awareness of the trade-off between emissions and growth where the intersection between economy and environment needs it most.
In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the ...production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.
Using the neo-classical theory of production economics as the analytical framework, this book, first published in 2004, provides a unified and easily comprehensible, yet fairly rigorous, exposition ...of the core literature on data envelopment analysis (DEA) for readers based in different disciplines. The various DEA models are developed as nonparametric alternatives to the econometric models. Apart from the standard fare consisting of the basic input- and output-oriented DEA models formulated by Charnes, Cooper, and Rhodes, and Banker, Charnes, and Cooper, the book covers developments such as the directional distance function, free disposal hull (FDH) analysis, non-radial measures of efficiency, multiplier bounds, mergers and break-up of firms, and measurement of productivity change through the Malmquist total factor productivity index. The chapter on efficiency measurement using market prices provides the critical link between DEA and the neo-classical theory of a competitive firm. The book also covers several forms of stochastic DEA in detail.
This report presents a comprehensive overview of productivity in OECD and, to the extent possible, G20 economies. The different chapters feature an analysis of labour productivity levels, labour and ...multifactor productivity growth, labour productivity by firm size, investment and labour income across countries. This edition also presents important insights on productivity measurement and evolution since the COVID-19 pandemic, including a shift-share analysis showing how within-industry developments and reallocations across industries have contributed to aggregate labour productivity developments in the recent period and in the longer term.
The second edition of An Introduction to Efficiency and Productivity Analysis is designed to be a general introduction for those who wish to study efficiency and productivity analysis. The book ...provides an accessible, well-written introduction to the four principal methods involved: econometric estimation of average response models, index numbers, data envelopment analysis (DEA), and stochastic frontier analysis (SFA). For each method, a detailed introduction to the basic concepts is presented, numerical examples are provided, and some of the more important extensions to the basic methods are discussed. Of special interest is the systematic use of detailed empirical applications using real-world data throughout the book. In recent years, there have been a number of excellent advance-level books published on performance measurement. This book, however, is the first systematic survey of performance measurement with the express purpose of introducing the field to a wide audience of students, researchers, and practitioners. Indeed, the 2nd Edition maintains its uniqueness: (1) It is a well-written introduction to the field. (2) It outlines, discusses and compares the four principal methods for efficiency and productivity analysis in a well-motivated presentation. (3) It provides detailed advice on computer programs that can be used to implement these performance measurement methods. The book contains computer instructions and output listings for the SHAZAM, LIMDEP, TFPIP, DEAP and FRONTIER computer programs. More extensive listings of data and computer instruction files are available on the book's website: (www.uq.edu.au/economics/cepa/crob2005).
Ocean of Trade offers an innovative study of trade, production and consumption across the Indian Ocean between the years 1750 and 1850. Focusing on the Vāniyā merchants of Diu and Daman, Pedro ...Machado explores the region's entangled histories of exchange, including the African demand for large-scale textile production among weavers in Gujarat, the distribution of ivory to consumers in Western India, and the African slave trade in the Mozambique channel that took captives to the French islands of the Mascarenes, Brazil and the Rio de la Plata, and the Arabian peninsula and India. In highlighting the critical role of particular South Asian merchant networks, the book reveals how local African and Indian consumption was central to the development of commerce across the Indian Ocean, giving rise to a wealth of regional and global exchange in a period commonly perceived to be increasingly dominated by European company and private capital.
Providing a systematic and comprehensive treatment of recent developments in efficiency analysis, this readable book makes available an intuitive yet rigorous presentation of advanced nonparametric ...and robust methods. This flexible toolbox can be used in theories based on the neoclassical theory of production and its alternatives, including evolutionary theories. The methods are complemented by empirical analysis of three different economic fields: scientific research, mutual funds industry and the insurance sector. The research demonstrates the utility of the toolbox for a wide range of economic issues, including the analysis of economies of scale and scope, dynamics of age and agglomeration effects, trade-offs in production and service activities, and explanations of efficiency differentials. Of interest to applied economists broadly, this book will also be of interest to those focused on Operations Research and/or Management Science.
Productivity looms large in public policy discussions yet many find themselves hard-pressed to explain exactly what the term means. Even within economics, its nature and significance is contested and ...the focus of complex debate. Michael Haynes cuts through the jargon and political sloganeering to provide a detailed examination of the concept, how it is used and why it is held by economists to be so important in evaluating the health of economies. The book explores why productivity grows or fails to grow in certain contexts, in particular how real world variables can interact with measurements of efficiency and output. The difficulties of measuring its scope are examined alongside the larger question of whether growth in productivity is sustainable, both at the level of national economies and globally. Whether productivity remains the motor of economic growth that it once was and continues to be the most appropriate economic indicator for modern economies is shown to be a key consideration. For anyone searching for a clear, engaging and level-headed guide to one of the most important metrics for understanding economic growth, this book will be warmly welcomed.
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