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Uncertainty and the measurement of productivity

Author

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  • Elie Appelbaum

    (Department of Economics, York University)

Abstract

The purpose of this paper is to provide an empirically implementable framework for the analysis of the effects of uncertainty on firm behavior. In particular, the paper provides a model which can be used to calculate productivity growth for firms facing uncertainty and to decompose the growth in total factor productivity into its various components. It can also be used to identify the contributions of uncertainty and risk aversion. Applying the model to the U.S. textile industry, we find that price uncertainty had a small effect on productivity growth. The refereeing process of this paper was handled through M. Brown.

Suggested Citation

  • Elie Appelbaum, 1997. "Uncertainty and the measurement of productivity," Working Papers 1997_5, York University, Department of Economics.
    • Handle: RePEc:yca:wpaper:1997_5
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    Cited by:

    1. Tai-Hsin Huang & Ying-Ting Liao & Li-Chih Chiang, 2010. "An examination on the cost efficiency of the banking industry under multiple output prices' uncertainty," Applied Economics, Taylor & Francis Journals, vol. 42(9), pages 1169-1182.
    2. Elie Appelbaum, 1999. "The Effects of Population Diversity on Productivity, Competitiveness and Employment," Working Papers 1999_15, York University, Department of Economics.
    3. Cliff Huang & Tsu-Tan Fu, 2009. "Uncertainty and total factor productivity in the Taiwanese banking industry," Applied Financial Economics, Taylor & Francis Journals, vol. 19(9), pages 753-766.
    4. Tai-Hsin Huang & Tong-Liang Kao, 2006. "Joint estimation of technical efficiency and production risk for multi-output banks under a panel data cost frontier model," Journal of Productivity Analysis, Springer, vol. 26(1), pages 87-102, August.
    5. Cherchye, L. & Post, G.T., 2001. "Methodological Advances in Dea," ERIM Report Series Research in Management ERS-2001-53-F&A, 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.
    6. Elie Appelbaum & Alan D. Woodland, 2010. "The Effects of Foreign Price Uncertainty on Australian Production and Trade," The Economic Record, The Economic Society of Australia, vol. 86(273), pages 162-177, June.
    7. Ji, Wen & Holt, Matthew T., 2000. "Price Uncertainty And Agricultural Productivity," 2000 Annual meeting, July 30-August 2, Tampa, FL 21736, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Appelbaum, Elie & Berechman, Joseph, 1991. "Demand conditions, regulation, and the measurement of productivity," Journal of Econometrics, Elsevier, vol. 47(2-3), pages 379-400, February.
    9. Sushanta K. MALLICK & Ricardo M. SOUSA, 2017. "The skill premium effect of technological change: New evidence from United States manufacturing," International Labour Review, International Labour Organization, vol. 156(1), pages 113-131, March.
    10. Elie Appelbaum, 1996. "An Application of Duality under Uncertainty, Elie Appelbaum," Working Papers 1996_8, York University, Department of Economics.

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