Productivity Measurement for a Distribution Firm / W. Erwin Diewert, Ann Marie Smith.

Format:

Book

Author/Creator:

Diewert, W. Erwin.

Contributor:

National Bureau of Economic Research.

Smith, Ann Marie.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4812.

NBER working paper series no. w4812

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

The paper derives a consistent accounting framework for the treatment of inventories when measuring the productivity of a distribution firm. The average purchase price of an inventory item during an accounting period must be distinguished from its average selling price and these two average prices should be distinguished from the corresponding balance sheet prices. The accounting framework is implemented for a distribution firm which sold 76,000 separate items. The firm achieved a 9.6 percent per quarter total factor productivity growth rate over 6 quarters.

Notes:

Print version record

July 1994.