Dual productivity analysis : a Konüs/Shephard approach
Grifell-Tatjé, Emili (Universitat Autònoma de Barcelona)
Lovell, C. A. Knox (University of Queensland)

Imprint:	University of Queensland. Centre for Efficiency and Productivity Analysis (CEPA), 2019
Description:	33 pag.
Abstract:	A primal (or direct) productivity index is conventionally defined as the ratio of an output quantity index to an input quantity index. There have been attempts in the literature to define and implement dual and indirect productivity indexes based on price changes rather than quantity changes. Although dual and indirect productivity indexes share a common motivation, the measurement of productivity change when prices are measured more accurately than quantities, they differ analytically, from one another and from primal productivity indexes. We introduce a new dual productivity index, based on contributions of Konüs and Shephard, and we compare our dual productivity index with a primal productivity index based on the work of Malmquist. We also compare these two theoretical productivity indexes with analogous empirical Fisher productivity indexes. We provide an empirical application to US agricultural productivity growth.
Grants:	Agència de Gestió d'Ajuts Universitaris i de Recerca 2017/SGR-1036 Ministerio de Economía y Competitividad ECO2017-86054-C3-1-RX
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Language:	Anglès
Series:	CEPA Working Paper Series ; WP10/2019
Document:	Working paper
Subject:	Dual and primal productivity indexes ; Price distance funcions ; Agricultural productivity
ISSN:	1932-4398

Adreça alternativa: https://ideas.repec.org/p/qld/uqcepa/140.html

33 p, 466.4 KB

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