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Partial productivity measures and total factor productivity in the air transport industry: Limitations and uses

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  • Windle, Robert J.
  • Dresner, Martin E.
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    Abstract

    In recent years the measurement of productivity has increasingly focused on measuring total factor productivity or TFP. Additional research has investigated the reasons for differences in TFP between firms. The implicit assumption behind this work is that simpler measures of industry productivity (such as revenue ton-miles per employee) can seriously misstate both the level and growth rate of productivity. As a result, accurate analysis of productivity requires information on TFP. While this argument is not open to debate on a theoretical basis, the extent that simple measures of productivity inaccurately portray TFP has not been investigated in anything but a cursory manner. This paper investigates the relationship between typical industry measures of productivity and TFP using a data set of U.S. and non-U.S. airlines for the period 1970-1983. The paper examines both levels of productivity and growth rates. The results indicate the extent to which industry measures accurately or inaccurately reflect the more comprehensive measure of productivity (TFP). To the extent that industry measures are inaccurate, this paper investigates the possible sources of error in order to determine if slightly altered industry measures might more accurately reflect TFP.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

    Volume (Year): 26 (1992)
    Issue (Month): 6 (November)
    Pages: 435-445

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    Handle: RePEc:eee:transa:v:26:y:1992:i:6:p:435-445

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    Cited by:
    1. Oum, Tae Hoon & Fu, Xiaowen & Yu, Chunyan, 2005. "New evidences on airline efficiency and yields: a comparative analysis of major North American air carriers and its implications," Transport Policy, Elsevier, vol. 12(2), pages 153-164, March.
    2. Joseph A. Clougherty, 2005. "The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Business," CIG Working Papers, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG) SP II 2005-06, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
    3. Dayal Talukder, 2011. "Are Private Providers more Productive and Efficient than Public Providers of International Education? Evidence from New Zealand," Oeconomics of Knowledge, Saphira Publishing House, Saphira Publishing House, vol. 3(4), pages 2-23, October.
    4. Zou, Bo & Elke, Matthew & Hansen, Mark & Kafle, Nabin, 2014. "Evaluating air carrier fuel efficiency in the US airline industry," Transportation Research Part A: Policy and Practice, Elsevier, Elsevier, vol. 59(C), pages 306-330.
    5. Lee, Boon L. & Worthington, Andrew C., 2014. "Technical efficiency of mainstream airlines and low-cost carriers: New evidence using bootstrap data envelopment analysis truncated regression," Journal of Air Transport Management, Elsevier, vol. 38(C), pages 15-20.
    6. Wang, Kun & Fan, Xingli & Fu, Xiaowen & Zhou, Yiran, 2014. "Benchmarking the performance of Chinese airlines: An investigation of productivity, yield and cost competitiveness," Journal of Air Transport Management, Elsevier, vol. 38(C), pages 3-14.
    7. Low, Joyce M.W. & Lee, Byung Kwon, 2014. "Effects of internal resources on airline competitiveness," Journal of Air Transport Management, Elsevier, vol. 36(C), pages 23-32.

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