Exact and superlative measurement of the Luenberger-Hicks-Moorsteen productivity indicator

Sammanfattning

This paper shows that the Bennet-Bowley profit indicator is an exact and superlative approximation of the additively complete Luenberger-Hicks-Moorsteen productivity indicator when the input and output directional distance functions can be represented up to the second order by a quadratic functional form. It also establishes the conditions under which the exact and superlative measures of the Luenberger productivity indicator and Luenberger-Hicks-Moorsteen productivity indicator coincide.

Nyckelord

Bennet-Bowley, difference-based indicator, total factor productivity, exact and superlative approximation

Publicerad i

Working Paper Series / Swedish University of Agricultural Sciences, Department of Economics
2017, nummer: 2017:01
Utgivare: Department of Economics, Swedish University of Agricultural Sciences

SLU författare

• Ang, Frederic

  • Institutionen för ekonomi, Sveriges lantbruksuniversitet
    

UKÄ forskningsämne

Nationalekonomi

Permanent länk till denna sida (URI)

https://res.slu.se/id/publ/79464