Introducing a new difference-based Luenberger-Hicks-Moorsteen productivity indicator, this contribution establishes theoretically its relations with some existing ratio- and difference-based productivity indexes and indicators. The first main result is an approximation proposition stating that the logarithm of the Hicks-Moorsteen productivity index is about equal to the Luenberger-Hicks-Moorsteen productivity indicator. Secondly, we also establish the specific conditions under which the Luenberger-Hicks-Moorsteen indicator equals the recently introduced Luenberger indicator and compare these to the conditions governing the relations between ratio-based Hicks-Moorsteen and Malmquist indices. Copyright Springer-Verlag Berlin/Heidelberg 2004
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Article provided by Springer in its journal Economic Theory.
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Carlos Pestana Barros & Shunsuke Managi, 2008.
"Productivity Change of UK Airports: 2000-2005,"
Working Papers
2008/22, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon..
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