New Developments in Productivity Analysis

The standard of living in the United States has increased dramatically over the course of the last century. This increase is due in part to advances in technology which increased the productivity of the nation's resources. While the pace of innovation has been relatively persistent, however, the growth in productivity has not. This problem, and what might be done to solve it, has provoked controversy among policymakers and researchers. Economists have been forced to reexamine fundamental questions of measurement technique, not only at the level of firms and plants, but also at high levels of aggregation. Some researchers argue that econometric approaches to productivity measurement usefully address shortcomings of the dominant index number techniques while others maintain that current productivity statistics underreport damage to the environment. In this book, the contributors propose innovative approaches to these issues through groundbreaking essays. The result is a state-of-the-art exposition of contemporary productivity analysis.Hulten, Charles R. is the author of 'New Developments in Productivity Analysis' with ISBN 9780226360621 and ISBN 0226360628.