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- Title
On the measurement and the multidimensional analysis of productivity in Greece.
- Authors
Prodromídis, Prόdromos
- Abstract
The article explains the differences among the output- to-input measures of productivity, the marginal measures of productivity, and multifactor productivity; draws attention to a number of relevant issues; and looks into the presence of increasing, decreasing or constant returns to scale in Greece —closely woven with the marginal and multifactor productivities. Estimating the sizes and patterns of the various measures of productivity is crucial for the formulation of well-targeted policy proposals on the economic development of individual regions, sectors, and the country at large.
- Subjects
ECONOMIC development; RETURNS to scale; LABOR productivity; EMPLOYMENT; EUROPEAN Union
- Publication
Greek Economic Outlook, 2019, Issue 40, p74
- ISSN
1109-6284
- Publication type
Article