This paper presents direct measures of capital costs, equal to the product of the required
rate of return on capital and the value of the capital stock. The capital share, equal to the …

This book develops econometric techniques for the estimation of production, cost and profit
frontiers, and for the estimation of the technical and economic efficiency with which …

This book presents a mathematical programming approach to the analysis of production
frontiers and efficiency measurement. The authors construct a variety of production frontiers …

Colonial Americans were very poor by today's standard of poverty. On the eve of the
American Revolution, GDP per capita in the United States stood at approximately $765 (in …

It is well known that under the assumptions of constant returns to scale, perfect competition,
and the absence of factor hoarding, primal and dual productivity measures should be highly …

One of the most persistent puzzles addressed by recent productivity research is the
substantial decline in measured productivity growth during the 1970's. In this paper we trace …

Productivity is procyclical. That is, whether measured as labor productivity or total factor
productivity, productivity rises in booms and falls in recessions. Recent macroeconomic …

This chapter covers the theory and methods for productivity measurement for nations. Labor,
multifactor and total factor productivity measures are defined and are related to each other …

Why did the Soviet economy slowdown in last decades before its collapse? How did the
proximate sources of economic growth of Russia change after the transition from a planned …

Excess capacity poses one of the most pressingproblems that arise when industries
exploitcommon-pool natural resources. It entailsover-investment in the capital stock …