This paper raises several issues concerning productivity analysis. An attempt is made to demonstrate the usefulness of a micro-based approach to productivity analysis which challenges some basic assumptions of conventional analyses based on aggregate production functions. With the help of a...

The machine tool industry, even though it is tiny, is often considered strategic because of its role as supplier of technology to all metalworking industry. In recent years, the machine tool industry in Western countries has had to face major new challenges, especially in the form of new...