Approach to the theory and measurement global (total) productivity

Abstract

Economic efficiency is not the only criterion for evaluating a system value, but it is certainly the most important because only economically, effective system have the perspective of survival and successful development in the long run. The projections of efficiency changes (global productivity) are a primary preoccupation, before all the creators of policy and economic analysts, with a view to establish the special causes of low and insufficient efficiency, as well as to suggest the solutions for eliminating the causes of inefficiency and the possibilities for its rise. The presented methodological possibilities for measuring the global factor productivity point to numerous possibilities for a further working out of methodological procedures with a view of approving the quality and preciseness of evaluation. The entirety of approaching to the analysis of efficiency supposes the previously defined theoretical foundation, starting foundations and a methodology for evaluation. The methods and models for measuring the global productivity are numerous and various.

Keywords

• total productivity
• economic efficiency
• index number