IDEAS home Printed from https://ideas.repec.org/p/ecm/ausm04/336.html
   My bibliography  Save this paper

Estimation and Decomposition of TFP Growth in the Presence of Inefficiency and Production Risk

Author

Listed:
  • Subal Kumbhakar

Abstract

This paper addresses estimation and decomposition of total factor productivity (TFP) change. Usually TFP change is decomposed into technical change and scale effects. If inefficiency exists, it also contributes to productivity change. Here we decompose productivity change into efficiency change (both technical and allocative), technical change, and scale effects. Three alternative approaches using parametric production, cost, and profit functions, which differ in terms of behavioral assumptions on the producers and data requirements, are considered. Finally, we consider TFP growth when output is risky.

Suggested Citation

  • Subal Kumbhakar, 2004. "Estimation and Decomposition of TFP Growth in the Presence of Inefficiency and Production Risk," Econometric Society 2004 Australasian Meetings 336, Econometric Society.
    • Handle: RePEc:ecm:ausm04:336
    as

    Download full text from publisher

    File URL: http://repec.org/esAUSM04/up.11974.1080701960.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    factor productivity; inefficiency;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:ausm04:336. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/essssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.