%0 Journal Article %1 Balk2003 %A Balk, Bert M. %C Erasmus Research Institute of Management, Erasmus U Rotterdam and Statistics Netherlands %D 2003 %J Journal of Productivity Analysis %K MeasurementofEconomicGrowth;AggregateProductivity;Cross-CountryOutputConvergenceO470 Production;Cost;Capital TotalFactor andMultifactorProductivity;CapacityD240 ModelConstructionandEstimationC510 %N 1 %P 5--47 %T The Residual: On Monitoring and Benchmarking Firms, Industries, and Economies with Respect to Productivity %U http://www.springerlink.com/link.asp?id=100296 %V 20 %X Productivity is an important component of profitability, and therefore an important variable for monitoring and benchmarking exercises. This survey discusses the basic accounting model as well as the various measurement problems one gets involved in. By virtue of its structural features, this model is applicable to individual firms and aggregates such as industries or economies. Though the measurement of productivity change and productivity differences is important, still more important is their explanation. Thus, first, this article reviews recent results relating to the decomposition of aggregate productivity change into components due to firm dynamics and intra-firm productivity change, results which were obtained by studying longitudinal enterprise microdata sets. Second, this article reviews a number of methods for decomposing productivity change and productivity differences, whether at the individual firm level or at aggregate level, into partial measures relating to technological change and efficiency change. The combination of both research strategies seems to be a promising undertaking.

@article{Balk2003, abstract = {Productivity is an important component of profitability, and therefore an important variable for monitoring and benchmarking exercises. This survey discusses the basic accounting model as well as the various measurement problems one gets involved in. By virtue of its structural features, this model is applicable to individual firms and aggregates such as industries or economies. Though the measurement of productivity change and productivity differences is important, still more important is their explanation. Thus, first, this article reviews recent results relating to the decomposition of aggregate productivity change into components due to firm dynamics and intra-firm productivity change, results which were obtained by studying longitudinal enterprise microdata sets. Second, this article reviews a number of methods for decomposing productivity change and productivity differences, whether at the individual firm level or at aggregate level, into partial measures relating to technological change and efficiency change. The combination of both research strategies seems to be a promising undertaking.}, added-at = {2010-11-15T23:03:07.000+0100}, address = {Erasmus Research Institute of Management, Erasmus U Rotterdam and Statistics Netherlands}, author = {Balk, Bert M.}, biburl = {https://www.bibsonomy.org/bibtex/2dbaf1d1330b95b6a2ae0e3150a6466ff/usman.qadir}, description = {Accession Number: 0666842 Alternate Accession Number: EP10381161; Keywords: Productivity; Publication Type: Journal Article; Update Code: 200311; Copyright: Copyright of Journal of Productivity Analysis is the property of Springer Science & Business Media B.V. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use.}, interhash = {5931353ce4c155b0803ecec3fef98be3}, intrahash = {dbaf1d1330b95b6a2ae0e3150a6466ff}, issn = {0895562X}, journal = {Journal of Productivity Analysis}, keywords = {MeasurementofEconomicGrowth;AggregateProductivity;Cross-CountryOutputConvergenceO470 Production;Cost;Capital TotalFactor andMultifactorProductivity;CapacityD240 ModelConstructionandEstimationC510}, month = {#jul#}, number = 1, pages = {5--47}, timestamp = {2010-11-15T23:03:07.000+0100}, title = {The Residual: On Monitoring and Benchmarking Firms, Industries, and Economies with Respect to Productivity}, url = {http://www.springerlink.com/link.asp?id=100296}, volume = 20, year = 2003 }