Efficiency Change over Time in a Multisectoral Economic System
نویسندگان
چکیده
منابع مشابه
Eco-efficiency and eco-productivity change over time in a multisectoral economic system
In the literature two approaches of productivity analyses can be found, namely the neoclassical approach and the frontier approach. Neoclassical analysis weights inputs by value shares, a procedure that requires data on factor input shares or prices. This approach imputes productivity growth to factors, but cannot distinguish a movement towards the efficiency frontier and a movement of the latt...
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“Recessions are easily recognizable from a decrease in GDP. What really should interest us, however, is the difference between the potential of an economy and its actual performance” said Stiglitz in 2002. In the literature two approaches of productivity and efficiency analysis can be found, namely neoclassical approach and a frontier approach know as data envelopment analysis (DEA). Under neoc...
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Glossary Diffeomorphism A smooth (technically differentiable) mapping, such as a spatial transformation, that has a smooth inverse. Jacobian (tensor/matrix and determinant) The matrix of all first-order partial derivatives of a mapping, or the determinant thereof, at a given point. The Jacobian determinant encodes the factor by which the mapping expands or shrinks space. Considering every point...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2152197