|
Productivity and Efficiency Indexes of the New Economy
The term "New Economy" refers to the recent trends of globalization,
enourmous investments in advanced IT-technology, knowledge driven "hacker-ethic", among other things. The fact is, goods and services have
become increasingly more intangible and difficult to quantify. This presents a considerable challenge for the measurement and analysis of
productivity and its components. On the other hand, the new business opportunities offered by the New Economy – e.g. rapid technological
progress, higher and invariable quality of goods and services, and economies of scale and of specialization – present further challenges for the
measurement of productivity and analyzing its components. The objective of the project is to develope the theory and the methodology of
productivity and efficiency analysis to better suit this new economic environment. The empirical phase of this sub-project will pay special
attention to the economic analysis of technological regime shifts as a means to achieve sustainable development.
The research team:
Dr. Timo Kuosmanen (MTT, Finland)
Dr. Laurens Cherchye (Catholic University of Leuven, Belgium)
Dr. Tarmo Raty (VATT, Finland)
Mr. Timo Sipilainen (Ph.D. student, University of Helsinki, Finland)
Mr. Vincent Otto (Ph.D. student, Wageningen University, The Netherlands)
Available Papers
Cherchye, L., T. Kuosmanen, and G. T. Post (2001): "Nonparametric Production Analysis under Alternative Price Conditions", Katholike Universiteit Leuven, Center for Economic Studies, Discussion Paper Series DPS 01.05.
Kuosmanen, T (2001): "Duality Theory of Non-convex Technologies", paper presented at the Exclusive Workshop on DEA, September 2001, Odense, Denmark.
Kuosmanen, T., and G.T. Post (2001): "Non-parametric Tests for Firm Efficiency in Case of Errors-in-Variables: Efficiency Depth", Erasmus Research Institute of Management (ERIM) Working Paper ERS-2001-06-F&A.
Kuosmanen, T., and G.T. Post (2000): "Shadow price Approach to Productivity Measurement: A Modified Malmquist Index", paper presented at EURO2001 conference, July 2001 Rotterdam, The Netherlands; and the 16th Annual Congress of EEA, August 2001 Lausanne, the Switzerland.
Otto, V.M., Kuosmanen, T., van Ierland, E.C. (2003) "Measuring Feedbacks in Technological Change: a Frontier Approach", paper presented at the 30th Annual Meeting of the European Association for Research in Industrial Economics (EARIE), August 24-26, 2003, Helsinki, Finland.
|
