This paper starts with the basic premise: that conventional measures of productivity growth - - -often used as a measure of corporate performance - - -which ignore external or social output, are biased. We then construct an alternative productivity growth measure using activity analysis which...

The last two decades have witnessed a revival in interest in the measurement of productive efficiency pioneered by (1957) and (1951). 1978 was a watershed year in this revival with the christening of DEA by (1978) and the critique of Farrell technical efficiency in terms of axiomatic production...