In this study, the focus is upon developing a constitutive and operational model of the construct 'Retail Productivity … for their performance measurement as well as development of strategy. Obviously, retail productivity is one of them and … probably rather significant too. However, lack of clarity at the conceptual level has made retail productivity a synonym for …

Productivity is generally defined as the amount of output realised for a given level of inputs. The neo …-classical growth theory considers productivity as a function of technology and capital accumulation. In this paper, I argue that apart … from technology and capital, productivity depends on institutional factors such as property rights, incentives, transaction …