img
img
Accounting for externalities in the measurement of productivity growth: The Malmquist cost productivity measure     
Yazarlar (4)
E. Ball
Usda Economic Research Service, Amerika Birleşik Devletleri
Rolf Färe
Oregon State University, Amerika Birleşik Devletleri
S. Grosskopf
Oregon State University, Amerika Birleşik Devletleri
Prof. Dr. Osman Zihni ZAİM Prof. Dr. Osman Zihni ZAİM
Bilkent Üniversitesi, Türkiye
Devamını Göster
Özet
This paper starts with the basic premise: that conventional measures of productivity growth-often used as a measure of corporate performance-which ignore external or social output, are biased. We then construct an alternative productivity growth measure using activity analysis which integrates the externality/social output into a generalized productivity measure reflecting social responsibility. This method is very general and could be applied to gauge corporate social responsibility. We provide an application to US agriculture to demonstrate the approach: We show that conventional measures of productivity are biased upward when production of negative externalities (or bad) outputs is increasing. Conversely, this same measure of productivity is biased downward when externalities in production are decreasing. © 2004 Elsevier B.V. All rights reserved.
Anahtar Kelimeler
Activity analysis | Externalities | Malmquist | Productivity | US agriculture
Makale Türü Özgün Makale
Makale Alt Türü SCOPUS dergilerinde yayınlanan tam makale
Dergi Adı Structural Change and Economic Dynamics
Dergi ISSN 0954-349X Wos Dergi Scopus Dergi
Makale Dili İngilizce
Basım Tarihi 01-2005
Cilt No 16
Sayı 3
Sayfalar 374 / 394
DOI Numarası 10.1016/j.strueco.2004.04.008