Measurement of Productivity and Efficiency

Robin C. Sickles is the Reginald Henry Hargrove Professor of Economics and Professor of Statistics at Rice University, Houston. He served as Editor-in-Chief of the Journal of Productivity Analysis as well as an Associate Editor for a number of other economics and econometrics journals. He is currently an Associate Editor of the Journal of Econometrics. Valentin Zelenyuk is the Australian Research Council Future Fellow at the School of Economics at the University of Queensland, where he served as Research Director and Director of the Centre for Efficiency and Productivity Analysis. He is an Associate Editor of the Journal of Productivity Analysis and the Data Envelopment Analysis Journal.

• Preface; Introduction; 1. Production theory: primal approach; 2. Production theory: dual approach; 3. Efficiency measurement; 4. Productivity indexes: part 1; 5. Aggregation; 6. Functional forms; 7. Productivity indexes: part 2; 8. Envelopment-type estimators; 9. Statistical analysis for DEA and FDH: Part 1; 10. Statistical analysis for DEA and FDH: part 2; 11. Cross-sectional stochastic frontiers; 12. SF models-first generation panel approaches; 13. SF models-second generation approaches; 14. Endogeneity; 15. Dynamic models; 16. Shape restrictions and model averaging; 17. Measurement, KLEMS, and other data; Afterword.

'Sickles and Zelenyuk have written the most comprehensive book on production theory and the measurement of productivity in the history of these subjects. Researchers, students and teachers who are interested in production theory and the measurement of productivity will treasure this book.' W. Erwin Diewert, University of British Columbia and University of New South Wales