A Framework for the Assessment and Consolidation of Productivity Stylized Facts

This chapter tackles the little-treated subject of how productivity and efficiency stylized facts are measured and consolidated. We show that measurement requires the formulation of a model starting from a general framework. We propose a doubly conditional performance evaluation model for the measurement of productivity stylized facts and an econometric approach for consolidating stylized facts. The proposed framework can complement recent methodological works guiding the users to describe and choose the most appropriate method for their context of analysis. Our performance measurement framework may act as a leading thread for bringing together different strands of literature that are outlined in the concluding section.