| Autor: |
Louca, Charalambos, Kokkinou, Aikaterini, Papanis, Efstratios, Korres, George M. |
| Předmět: |
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| Zdroj: |
Journal of Regional & Socio-Economic Issues; Jun2018, Vol. 8 Issue 2, p29-39, 11p |
| Abstrakt: |
It has been widely referenced that performance at firm or industry level is measured either by productivity or efficiency. Although the importance of efficient use of productive resources has long been recognized, neoclassical economics assume that producers in an economy always operate efficiently. In reality, however, producers are not always efficient. Two otherwise identical firms never produce the same output, and costs and profit are not the same. This difference in output, cost, either profit can be explained in terms of efficiency and some unforeseen exogenous shocks and may be defined as relative productivity over time and / or space. This paper aims to review the main topics related to productive efficiency through the major alternative theoretical methods, so as to provide a background for future study and model implementation. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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