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A Total Factor Productivity Toolbox for MATLAB

Author

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  • Balk, B.M.
  • Barbero, J.
  • Zofío, J.L.

Abstract

Total Factor Productivity Toolbox is a new package for MATLAB that includes functions to calculate the main Total Factor Productivity (TFP) indices and their decompositions, based on Shephard’s distance functions and using Data Envelopment Analysis (DEA) programming techniques. The package includes code for the standard Malmquist, Moorsteen-Bjurek, price-weighted and share-weighted TFP indices, allowing for the choice of orientation (input or output), reference period (base, comparison, geometric mean), re- turns to scale (variable or constant), and specific decompositions (aggregate or identifying scale effects as well as input and output mix effects). Classic definitions of TFP corresponding to the Laspeyres, Paasche, Fisher, or Törnqvist formulas can also be calculated as particular cases. This paper describes the methodology and implementation of the functions and reports numerical results so as to ease the comparison between indices and illustrate their use.

Suggested Citation

  • Balk, B.M. & Barbero, J. & Zofío, J.L., 2018. "A Total Factor Productivity Toolbox for MATLAB," ERIM Report Series Research in Management ERS-2018-004-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  • Handle: RePEc:ems:eureri:104722
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    File URL: https://repub.eur.nl/pub/104722/ERS-2018-004-LIS.pdf
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    References listed on IDEAS

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    1. Léopold Simar & Paul W. Wilson, 1998. "Sensitivity Analysis of Efficiency Scores: How to Bootstrap in Nonparametric Frontier Models," Management Science, INFORMS, vol. 44(1), pages 49-61, January.
    2. Ray, Subhash C & Desli, Evangelia, 1997. "Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries: Comment," American Economic Review, American Economic Association, vol. 87(5), pages 1033-1039, December.
    3. repec:spr:isorms:978-3-319-06647-9 is not listed on IDEAS
    4. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
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    Cited by:

    1. Balk, B.M. & Zofío, J.L., 2018. "The Many Decompositions of Total Factor Productivity Change," ERIM Report Series Research in Management ERS-2018-003-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.

    More about this item

    Keywords

    Total factor productivity; Malmquist; Moorsteen-Bjurek; Fisher; Törnqvist; distance function; data envelopment analysis; MATLAB;

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