Partial productivity measures and total factor productivity in the air transport industry: Limitations and uses
AbstractIn 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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.
Volume (Year): 26 (1992)
Issue (Month): 6 (November)
Contact details of provider:
Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- 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.
- Joseph A. Clougherty, 2006.
"The international drivers of domestic airline mergers in twenty nations: integrating industrial organization and international business,"
Managerial and Decision Economics,
John Wiley & Sons, Ltd., vol. 27(1), pages 75-93.
- Joseph A. Clougherty, 2005. "The International Drivers of Domestic Airline Mergers in Twenty Nations: Integrating Industrial Organization and International Business," CIG Working Papers SP II 2005-06, Wissenschaftszentrum Berlin (WZB), Research Unit: Competition and Innovation (CIG).
- 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, vol. 3(4), pages 2-23, October.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.