Dates: October 14–25, 2019
Location: Washington, DC
For developing economies, productive and eﬀicient utilities continue to be a key factor in the pace of economic growth. This course develops both a conceptual framework about productivity eﬀiciency as well as a comprehensive revision of current methodologies for assessing the productivity and eﬀiciency of diﬀerent types of decision-making units (particularly, individuals, ﬁrms, and industries).
The analyses performed in this course focus on measures of company/industry performances that are of practical relevance to policy makers and/or regulators (e.g., output per employee, proﬁtability, technical efficiency). Through presentations, review of real case studies, and simulated exercises, participants gain knowledge and skills that are used to develop action plans for utility managers and regulators in their own countries.
- Identify and explain the most common assumptions made about production technologies (e.g., inactivity, no free lunch)
- Explain the circumstances under which diﬀerent ﬁrm managers may choose to maximize output, minimize input, maximize revenue, minimize cost, maximize proﬁt and/or maximize Total Factor Productivity -TFP
- Deﬁne various measures of technical, scale, mix, allocative, revenue, cost, and proﬁt eﬀiciency
- Understand empirical works and review technical studies estimating productivity and efficiency in markets/industries
- Identify the policies that governments might use to target the diﬀerent drivers of productivity change