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Malmquist and Hicks-Moorsteen Productivity Indices: An Empirical Comparison Focusing on Infeasibilities

Author

Listed:
  • Kerstens, Kristiaan

    (CNRS-LEM (UMR 8179), IESEG School of Management, F-59000 Lille, France.)

  • Hachem, Bouye Ahmed Moulaye

    (CNRS-LEM (UMR 8179), IESEG School of Management, F-59000 Lille, France.)

  • Van de Woestyne, Ignace

    (Hogeschool-Universiteit Brussel (HUB), Belgium)

Abstract

In the literature, two main ratio-based productivity indices have been defined in terms of a primal technology notion. While the Malmquist productivity index has become very popular, it has the problem that it is not always well-defined. By contrast, the less popular Hicks Moorsteen productivity index is well-defined under weak conditions on technology. The purpose of this paper is to empirically illustrate the extent of this determinateness problem on some agricultural data sets under variations on the technology assumptions.

Suggested Citation

  • Kerstens, Kristiaan & Hachem, Bouye Ahmed Moulaye & Van de Woestyne, Ignace, 2010. "Malmquist and Hicks-Moorsteen Productivity Indices: An Empirical Comparison Focusing on Infeasibilities," Working Papers 2010/31, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    • Handle: RePEc:hub:wpecon:201031
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    Citations

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    Cited by:

    1. Aparicio, Juan & Garcia-Nove, Eva M. & Kapelko, Magdalena & Pastor, Jesus T., 2017. "Graph productivity change measure using the least distance to the pareto-efficient frontier in data envelopment analysis," Omega, Elsevier, vol. 72(C), pages 1-14.
    2. Léopold Simar & Valentin Zelenyuk & Shirong Zhao, 2025. "Statistical inference for Hicks–Moorsteen productivity indices," Annals of Operations Research, Springer, vol. 351(2), pages 1675-1703, August.
    3. Dedehouanou, Sènakpon F. A., 2014. "Diversification towards high value export production, farm household productivity and efficiency in Senegal," Conference papers 332432, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Arjomandi, Amir & Valadkhani, Abbas & O’Brien, Martin, 2014. "Analysing banks’ intermediation and operational performance using the Hicks–Moorsteen TFP index: The case of Iran," Research in International Business and Finance, Elsevier, vol. 30(C), pages 111-125.

    More about this item

    Keywords

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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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