This volume discusses the latest techniques and their economic applications for modern industries like computer, pharmaceutical, banking and other manufacturing. Both econometric and mathematical programming techniques are analyzed so as to develop a synthetic approach.

This article first reviews the well-known nonparametric methods of decomposing productivity growth and finally argue that Färe et al. (1994)’s method of computing productivity growth is superior in spite of the fact that this model model is based on convexity postulate, which assumes away...