IDEAS home Printed from https://ideas.repec.org/a/tpr/restat/v77y1995i4p654-63.html
   My bibliography  Save this article

The Measurement of Firm-Specific Indexes of Technical Change

Author

Listed:
  • Baltagi, Badi H
  • Griffin, James M
  • Rich, Daniel P

Abstract

This paper proposes a methodology for obtaining estimates of firm-specific technical change econometrically and contrasts those estimates with a multilateral total factor productivity index. Based on a panel data set of airlines, two measures are contrasted in a variety of ways. To the extent that output characteristics differ as in the case of airlines, the two measures differ significantly. Both measures are regressed on a variety of factors potentially influencing technical efficiency, confirming that improvements in fuel efficiency and load factor have played major roles, with hubbing and competition playing smaller roles, in explaining efficiency improvements. Copyright 1995 by MIT Press.

Suggested Citation

  • Baltagi, Badi H & Griffin, James M & Rich, Daniel P, 1995. "The Measurement of Firm-Specific Indexes of Technical Change," The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 654-663, November.
    • Handle: RePEc:tpr:restat:v:77:y:1995:i:4:p:654-63
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0034-6535%28199511%2977%3A4%3C654%3ATMOFIO%3E2.0.CO%3B2-H&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tsionas, Efthymios G., 2001. "Euro-land: any good for the European South?," Journal of Policy Modeling, Elsevier, vol. 23(1), pages 67-81, January.
    2. Efthymios Tsionas, 2000. "Real convergence in Europe. How robust are econometric inferences?," Applied Economics, Taylor & Francis Journals, vol. 32(11), pages 1475-1482.
    3. Tor Jakob Klette, 1999. "Market Power, Scale Economies and Productivity: Estimates from a Panel of Establishment Data," Journal of Industrial Economics, Wiley Blackwell, vol. 47(4), pages 451-476, December.
    4. Tsionas, Efthymios G. & Loizides, John, 2001. "A note on joint estimation of scale economies and productivity growth parameters," International Journal of Production Economics, Elsevier, vol. 70(1), pages 37-43, March.
    5. Almas Heshmati & Subal C. Kumbhakar, 2014. "A general model of technical change with an application to the OECD countries," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 23(1), pages 25-48, January.
    6. Pontus Mattsson & Jonas Månsson & William H. Greene, 2020. "TFP change and its components for Swedish manufacturing firms during the 2008–2009 financial crisis," Journal of Productivity Analysis, Springer, vol. 53(1), pages 79-93, February.
    7. Efthymios Tsionas, 2003. "Inflation and Productivity in Europe: An Empirical Investigation," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 30(1), pages 39-62, March.
    8. Shaik, Saleem & Allen, Albert J. & Myles, Albert E. & Yeboah, Osei-Agyeman, 2008. "Importance of Financial Variables on Efficiency of Class I Railroads in the United States," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6874, Southern Agricultural Economics Association.
    9. Rögnvaldur Hannesson & Kjell G. Salvanes & Dale Squires, 2010. "Technological Change and the Tragedy of the Commons: The Lofoten Fishery over 130 Years," Land Economics, University of Wisconsin Press, vol. 86(4), pages 746-765.
    10. Pontus Mattsson & Jonas Mansson & William H. Greene, 2018. "TFP Change and its Components for Swedish Manufacturing Firms During the 2008-2009 Financial Crisis," Working Papers 18-27, New York University, Leonard N. Stern School of Business, Department of Economics.
    11. Anna Bottasso & Maurizio Conti, 2009. "Price cap regulation and the ratchet effect: a generalized index approach," Journal of Productivity Analysis, Springer, vol. 32(3), pages 191-201, December.
    12. Almas Heshmati, 2003. "Productivity Growth, Efficiency and Outsourcing in Manufacturing and Service Industries," Journal of Economic Surveys, Wiley Blackwell, vol. 17(1), pages 79-112, February.
    13. Tsionas, Efthymios G. & Baltas, Nicholas C. & Chionis, Dionysios P., 2011. "Rail infrastructure charging in Hellenic railways," Journal of Policy Modeling, Elsevier, vol. 33(3), pages 370-380, May.
    14. Tim Bulman & John Simon, 2003. "Productivity and Inflation," RBA Research Discussion Papers rdp2003-10, Reserve Bank of Australia.
    15. Loizides, John & Tsionas, Efthymios G., 2002. "Productivity growth in European railways: a new approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 36(7), pages 633-644, August.
    16. Bottasso, Anna & Conti, Maurizio, 2009. "Scale economies, technology and technical change in the water industry: Evidence from the English water only sector," Regional Science and Urban Economics, Elsevier, vol. 39(2), pages 138-147, March.
    17. Baltagi, Badi H. & Rich, Daniel P., 2005. "Skill-biased technical change in US manufacturing: a general index approach," Journal of Econometrics, Elsevier, vol. 126(2), pages 549-570, June.
    18. Rich, Daniel P., 2004. "6. Productivity, Technical Change And Labor Relations In Transportation Industries," Research in Transportation Economics, Elsevier, vol. 10(1), pages 109-135, January.
    19. Heshmati, Almas, 2002. "Productivity measurement in Swedish departments of gynecology and obstetrics," Structural Change and Economic Dynamics, Elsevier, vol. 13(3), pages 315-336, September.
    20. Anshu Agrawal, 2021. "Sustainability of airlines in India with Covid-19: Challenges ahead and possible way-outs," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 20(4), pages 457-472, August.

    More about this item

    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:tpr:restat:v:77:y:1995:i:4:p:654-63. 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: Kelly McDougall (email available below). General contact details of provider: https://direct.mit.edu/journals .

    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.