Advanced Search
MyIDEAS: Login to save this paper or follow this series

Medición de cambios en productividad con indicador de Luenberger en el sector de seguros en Argentina a la salida de la crisis


Author Info

  • Gustavo Ferro

    (Instituto de Economía UADE and CONICET - FACE UADE)

  • María Eugenia Labaronnie

    (Departamento de Contabilidad UADE - UADE)

  • Carlos A. Romero

    (Instituto de Economía UADE - UADE)


A severe macroeconomic crisis resets economic sectors. This is so when the GDP growth rates move between great falls and important recoveries, and when relative prices vary importantly. The insurance sector in Argentina offers an interesting laboratory to explore with Luenberger Productivity Analysis what happened to a sector very sensitive to the macroeconomic performance, inflation and currency depreciation. The methodology was chosen because it confers flexibility, since presupposes profit maximization, on one hand, but do not constrain the orientation of the model (i.e., input-oriented, output-oriented), allowing to study productivity changes due to both, input and output adjustments. Moreover, we use output and input monetary measures (in constant values), aiming to increase the flexibility in the adjustment to higher profits. The results show according to different models a sector with scarce productivity growth or stagnated, with important variability between better and worse results. The indicator in use permits to split changes in efficiency and in technical change.

Download Info

If 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.
File URL:
Download Restriction: no

Bibliographic Info

Paper provided by HAL in its series Working Papers with number hal-00597947.

as in new window
Date of creation: 02 Jun 2011
Date of revision:
Handle: RePEc:hal:wpaper:hal-00597947

Note: View the original document on HAL open archive server:
Contact details of provider:
Web page:

Related research


This paper has been announced in the following NEP Reports:


References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Jean-Philippe Boussemart & Walter Briec & Kristiaan Kerstens & Jean-Christophe Poutineau, 2003. "Luenberger and Malmquist Productivity Indices: Theoretical Comparisons and Empirical Illustration," Bulletin of Economic Research, Wiley Blackwell, Wiley Blackwell, vol. 55(4), pages 391-405, October.
  2. Walter Briec & Kristiaan Kerstens & Nicolas Peypoch, 2012. "Exact Relations Between Four Definitions Of Productivity Indices And Indicators," Bulletin of Economic Research, Wiley Blackwell, Wiley Blackwell, vol. 64(2), pages 265-274, 04.
  3. Bert Balk & Rolf Färe & Shawna Grosskopf & Dimitris Margaritis, 2008. "Exact relations between Luenberger productivity indicators and Malmquist productivity indexes," Economic Theory, Springer, Springer, vol. 35(1), pages 187-190, April.
  4. repec:idb:brikps:78866 is not listed on IDEAS
  5. Bjurek, Hans, 1996. " The Malmquist Total Factor Productivity Index," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 98(2), pages 303-13, June.
  6. Fare, Rolf & Grosskopf, Shawna & Roos, Pontus, 1996. "On two definitions of productivity," Economics Letters, Elsevier, Elsevier, vol. 53(3), pages 269-274, December.
  7. Walter Briec & Kristiaan Kerstens, 2004. "A Luenberger-Hicks-Moorsteen productivity indicator: its relation to the Hicks-Moorsteen productivity index and the Luenberger productivity indicator," Economic Theory, Springer, Springer, vol. 23(4), pages 925-939, May.
Full references (including those not matched with items on IDEAS)



This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-00597947. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD).

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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