This chapter reviews the ways that economists measure the aggregate economic performance of national economies. Efficiency and productivity analysis using the methodologies of data envelopment analysis and stochastic frontier analysis has made a significant contribution to this challenge after...

During the first phase of the financial crisis in 2008/09, after Iceland and Belgium, Kazakhstan experienced the most significant bank failures as a share of bank system assets. Using rich monthly data for virtually the entire Kazakh banking industry for the period March 2007--December 2010,...

We estimate efficiency and TFP growth for two measures of congestion and two measures of the monetary value of congestion for the largest 88 contiguous cities in the U.S. over the period 1982–2007. Using stochastic frontier analysis we find that the efficiency scores for congestion and the...