The Measurement of Productive Efficiency and Productivity Growth

Harold O. Fried is Professor of Economics at Union College and David L. and Beverly B. Yunich Chair of Business Ethics. C.A. Knox Lovell is Emeritus Professor of Economics at University of Georgia and Honorary Professor, School of Economics at University of Queensland.

• 1. Efficiency and Productivity ; 2. The Econometric Approach To Efficiency Analysis ; 3. DEA - The Mathematical Programming Approach to Efficiency Analysis ; 4. Statistical Inference in Nonparametric Frontier Models: Recent Developments and Perspectives ; 5. Efficiency and Productivity: Malmquist and More

This is an excellent collection of book-length essays on the three main approaches to productivity and efficiency measurement: the econometric, the nonparametric, and the index number approach. The authors, who are experts in the various domains, succeed in providing highly readable surveys of the rich flow of literature that started in the late 1970s, and in giving introductions that are primarily aimed at newcomers but also interesting for experienced researchers. The many applications that are spread through the chapters give the reader a good idea of how to carry out performance assessment in practice. This book has a lot to offer a variety of readers.