IDEAS home Printed from https://ideas.repec.org/p/qld/uqcepa/105.html
   My bibliography  Save this paper

Productivity Indexes under Hicks Neutral Technical Change

Author

Listed:
  • Hideyuki Mizobuchi

    (Faculty of Economics, Ryukoku University)

Abstract

The Malmquist and Hicks–Moorsteen productivity indexes are the two most widely used indexes for measuring productivity growth of firms, industries and countries. We indicate that these two indexes coincide under constant returns to scale technology and Hicks neutral technical change. While the conditions on production technology under which two indexes coincide have been examined before, this is the first study on the types of technical change under which they coincide. We shed new insight on the relationship between these popular indexes.

Suggested Citation

  • Hideyuki Mizobuchi, 2015. "Productivity Indexes under Hicks Neutral Technical Change," CEPA Working Papers Series WP072015, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uqcepa:105
    as

    Download full text from publisher

    File URL: https://economics.uq.edu.au/files/5100/WP072015.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bjurek, Hans, 1996. " The Malmquist Total Factor Productivity Index," Scandinavian Journal of Economics, Wiley Blackwell, vol. 98(2), pages 303-313, June.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Hideyuki Mizobuchi, 2015. "Multiple Directions for Measuring Biased Technical Change," CEPA Working Papers Series WP092015, School of Economics, University of Queensland, Australia.
    2. C. A. K. Lovell, 2016. "Recent Developments in Productivity Analysis," Pacific Economic Review, Wiley Blackwell, vol. 21(4), pages 417-444, October.
    3. Hideyuki Mizobuchi, 2016. "A Superlative Index Number Formula for the Hicks-Moorsteen Productivity Index," CEPA Working Papers Series WP032016, School of Economics, University of Queensland, Australia.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Epure, Mircea & Kerstens, Kristiaan & Prior, Diego, 2011. "Technology-based total factor productivity and benchmarking: New proposals and an application," Omega, Elsevier, vol. 39(6), pages 608-619, December.
    2. Diewert, W. Erwin & Fox, Kevin J., 2014. "Reference technology sets, Free Disposal Hulls and productivity decompositions," Economics Letters, Elsevier, vol. 122(2), pages 238-242.
    3. Hideyuki Mizobuchi, 2015. "Multiple Directions for Measuring Biased Technical Change," CEPA Working Papers Series WP092015, School of Economics, University of Queensland, Australia.
    4. Arnaud Abad & Michell Arias & Paola Ravelojaona, 2023. "Environmental Productivity Assessment: an Illustration with the Ecuadorian Oil Industry," Post-Print hal-03574542, HAL.
    5. Cherchye, Laurens & De Rock, Bram & Kerstens, Pieter Jan, 2018. "Production with storable and durable inputs: Nonparametric analysis of intertemporal efficiency," European Journal of Operational Research, Elsevier, vol. 270(2), pages 498-513.
    6. Hideyuki Mizobuchi, 2017. "A superlative index number formula for the Hicks-Moorsteen productivity index," Journal of Productivity Analysis, Springer, vol. 48(2), pages 167-178, December.
    7. Pastor, Jesus T. & Lovell, C.A. Knox & Aparicio, Juan, 2020. "Defining a new graph inefficiency measure for the proportional directional distance function and introducing a new Malmquist productivity index," European Journal of Operational Research, Elsevier, vol. 281(1), pages 222-230.
    8. Javier DEAZA & Enrique GILLES & Alejandro VIVAS, 2016. "Productivity Measurements For South Korea And Three Countries Of The Pacific Alliance: Colombia, Chile And Mexico, 2008-2012," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(2), pages 75-85.
    9. Hideyuki Mizobuchi, 2016. "A Superlative Index Number Formula for the Hicks-Moorsteen Productivity Index," CEPA Working Papers Series WP032016, School of Economics, University of Queensland, Australia.
    10. Yung-Lieh Yang & Jun-Yen Lee, 2009. "Decomposition of the cost growth for the US forest product industries," Applied Economics Letters, Taylor & Francis Journals, vol. 16(17), pages 1735-1741.
    11. Arnaud Abad & Paola Ravelojaona, 2020. "A Generalization of Environmental Productivity Analysis," Working Papers hal-02964799, HAL.
    12. Vergés, Joaquim, 2014. "Evaluación de la eficiencia comparativa de empresas y entidades productivas: Indicadores y técnicas de análisis [Evaluating comparative efficiency of companies and productive entities: Measures and," MPRA Paper 58329, University Library of Munich, Germany.
    13. Antonio Peyrache, 2014. "Hicks-Moorsteen versus Malmquist: a connection by means of a radial productivity index," Journal of Productivity Analysis, Springer, vol. 41(3), pages 435-442, June.
    14. Arnaud Abad, 2022. "An unified framework for measuring pollution-adjusted productivity change," Working Papers hal-03592388, HAL.
    15. W. Erwin Diewert & Kevin J. Fox, 2014. "Decomposing Bjurek Productivity Indexes into Explanatory Factors," Discussion Papers 2014-33, School of Economics, The University of New South Wales.
    16. Barnabé Walheer, 2019. "Dynamic directional nonparametric profit efficiency analysis for a single decision-making unit: an aggregation approach," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 41(4), pages 1123-1149, December.
    17. Neves Bezerra de Melo, Felipe Luiz & Sampaio, Raquel Menezes Bezerra & Sampaio, Luciano Menezes Bezerra, 2018. "Efficiency, productivity gains, and the size of Brazilian supermarkets," International Journal of Production Economics, Elsevier, vol. 197(C), pages 99-111.
    18. Chia-Nan Wang & Phi-Hung Nguyen & Thi-Ly Nguyen & Thi-Giang Nguyen & Duc-Thinh Nguyen & Thi-Hoai Tran & Hong-Cham Le & Huong-Thuy Phung, 2022. "A Two-Stage DEA Approach to Measure Operational Efficiency in Vietnam’s Port Industry," Mathematics, MDPI, vol. 10(9), pages 1-21, April.
    19. Hideyuki Mizobuchi, 2017. "Productivity indexes under Hicks neutral technical change," Journal of Productivity Analysis, Springer, vol. 48(1), pages 63-68, August.
    20. Arocena, Pablo & Waddams Price, Catherine, 2002. "Generating efficiency: economic and environmental regulation of public and private electricity generators in Spain," International Journal of Industrial Organization, Elsevier, vol. 20(1), pages 41-69, January.

    More about this item

    Keywords

    Hicks neutral technical change; Malmquist productivity index; Hicks–Moorsteen productivity index;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:qld:uqcepa:105. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc 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 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: SOE IT (email available below). General contact details of provider: https://edirc.repec.org/data/decuqau.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.