The traditional approach to measuring allocative efficiency exploits input prices, which are rarely known at the firm level. This paper proves allocative efficiency can be measured as a profit-oriented distance to the frontier in a profit-technical efficiency space. This new approach does not...

B<sc>adunenko</sc> O. and R<sc>omero-</sc>Á<sc>vila</sc> D. Productivity growth across Spanish regions and industries: a production-frontier approach, <italic>Regional Studies</italic>. This paper decomposes labour productivity growth into components attributable to technological change, technological catch-up, capital deepening and...