This Handbook takes an econometric approach to the foundations of economic performance analysis. The focus is on the measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to quantify in practice. In real-life applications, efficiency and productivity estimates are often quite sensitive to the models used in the performance assessment and the methodological approaches adopted by the analysis. The Palgrave Handbook of Performance Analysis discusses the two basic techniques of performance measurement – deterministic benchmarking and stochastic benchmarking – in detail, and addresses the statistical techniques that connect them. All chapters include applications and explore topics ranging from the output/input ratio to productivity indexes and national statistics.

About the Author

Thijs ten Raa is Lecturer in Economics at Utrecht University in the Netherlands. Professor ten Raa’s primary research area is economic theory. He has published twelve books, including the acclaimed The Economics of Benchmarking (Palgrave Macmillan, 2009) and the textbook Microeconomics (Palgrave Macmillan, 2013). He has published numerous articles in publications including Economics Letters, Journal of Economic Theory, Review of Economics and Statistics, International Economic Review, Review of Income and Wealth, Journal of Productivity Analysis, Journal of Banking and Finance, Journal of Economic Behavior and Organization and Oxford Economic Papers.

William Greene is Professor of Economics at New York University Stern School of Business where he teaches courses in econometrics and statistics. Professor Greene’s primary research areas include econometrics and applied microeconomics; productivity andproduction economics, health econometrics, technical change and the entertainment industry. He has published numerous articles in publications including Econometrica, Economics Letters, American Economic Review, Journal of Econometrics, Journal of Economic Education, Economics Letters, Journal of Economic Perspectives, Review of Economics and Statistics and Journal of Political Economy. He is currently Editor-in-Chief for Journal of Productivity Analysis.

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