This collection of classic articles and book chapters departs from Solow's 1957 seminal paper on the measurement of technical change. It studies the idea behind the comprehensive development of total factor productivity and the index number innovations. The volume also analyses the measurement of productivity growth and the usefulness of GDP measurement as well as perennial problems in measurement of output of certain sectors and of certain processes in an economy. With an original introduction by the editor, this is a valuable source of reference for students, researchers and practitioners.

This clear and concise Advanced Introduction to National Accounting explores the post-1960 modernization of national accounting. John M. Hartwick offers insights into the arrival of Total Factor Productivity (TFP) and user cost, highlighting the importance of Tornqvist index numbers and translog production, cost and utility functions in its modernization. Key features include: * an exploration of personal income distribution and national accounting * an exposition of the links between various forms of utility functions and index numbers * a chapter devoted to the incorporation of the...

This clear and concise Advanced Introduction to National Accounting explores the post-1960 modernization of national accounting. John M. Hartwick offers insights into the arrival of Total Factor Productivity (TFP) and user cost, highlighting the importance of Tornqvist index numbers and translog production, cost and utility functions in its modernization. Key features include: * an exploration of personal income distribution and national accounting * an exposition of the links between various forms of utility functions and index numbers * a chapter devoted to the incorporation of the...