Performance measurement in an input-output framework

T. Ten Raa

Research output: Contribution to journalArticleScientificpeer-review

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Abstract

This paper fruitfully combines two complementary theories: performance measurement and input-output analysis. Our point of departure is the theory of the consumer, who maximizes utility subject to a budget constraint. His well-being can be measured by the change in the consumption bundle, valued at constant prices. Input-output analysis is invoked to impute the change in this bundle to technical change, a terms-of-trade effect and two types of efficiency change. The analysis is extended to environmental economics.
Original languageEnglish
JournalJournal of Economic Structures
Volume1
Issue number2
Publication statusPublished - 2012

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Input-output analysis
Performance measurement
Efficiency change
Terms of trade
Well-being
Environmental economics
Technical change
Budget constraint

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Performance measurement in an input-output framework. / Ten Raa, T.

In: Journal of Economic Structures, Vol. 1, No. 2, 2012.

Research output: Contribution to journalArticleScientificpeer-review

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AB - This paper fruitfully combines two complementary theories: performance measurement and input-output analysis. Our point of departure is the theory of the consumer, who maximizes utility subject to a budget constraint. His well-being can be measured by the change in the consumption bundle, valued at constant prices. Input-output analysis is invoked to impute the change in this bundle to technical change, a terms-of-trade effect and two types of efficiency change. The analysis is extended to environmental economics.

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