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Productivity measurement at the sectoral level: The case of Greek lignite mining
| Content Provider | Scilit |
|---|---|
| Author | Tsolas, I. E. |
| Copyright Year | 2018 |
| Description | This paper presents some evidence regarding total factor productivity (TFP) growth variations in the Greek lignite mining through a Cobb-Douglas production model. The model is developed and estimated in order to examine the extent to which the variations of productivity growth can be attributed to changes in output and the two major production factors: labor and capital. TFP productivity change is also compared with other partial productivity indices (e.g. labor productivity, capital productivity). The construction of partial and multifactor (i.e. TFP) productivity indices at the sectoral level provides the necessary elements for performance (productivity) evaluation and productivity planning at the mine level. This chapter presents some evidence regarding total factor productivity (TFP) growth variations in the Greek lignite mining through a Cobb-Douglas production model. The model is developed and estimated in order to examine the extent to which the variations of productivity growth can be attributed to changes in output and the two major production factors: labor and capital. The measurement of TFP through the derivation of a Cobb-Douglas model captures the efficiency with which the production factors are deployed in the production process. The calculation of TFP index through the derived Cobb-Douglas model in conjunction with the calculation of partial productivity indices can be used for productivity evaluation and productivity planning at the mine level. As far as productivity planning is concerned, it is deemed that the derived model can be used for long, though TFP index planning can also be made if the production rate and the requirements of resources are known. Book Name: Mine Planning and Equipment Selection 2000 |
| Related Links | https://content.taylorfrancis.com/books/download?dac=C2004-0-28217-4&isbn=9780203747124&doi=10.1201/9780203747124-94&format=pdf |
| Ending Page | 496 |
| Page Count | 6 |
| Starting Page | 491 |
| DOI | 10.1201/9780203747124-94 |
| Language | English |
| Publisher | Informa UK Limited |
| Publisher Date | 2018-05-08 |
| Access Restriction | Open |
| Subject Keyword | Book Name: Mine Planning and Equipment Selection 2000 Mining and Mineral Processing Production Model Production Factors Cobb Douglas Sectoral Level Growth Variations Total Factor |
| Content Type | Text |
| Resource Type | Chapter |
