KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
A Global Malmquist-Luenberger Productivity Index - an application to OECD countries 1990-2004
Abstract: The aim of this paper is to introduce an alternative
measure that incorporates the concept of a global Malmquist productivity
index with a directional distance function. Unlike a conventional geometric
mean form of the Malmquist-Luenberger productivity index, this global index
is circular and free from linear programming (LP) infeasibility. It can
also be decomposed into certain sources of productivity growth such as
efficiency change and technical change. The suggested methodology is
employed in the analysis of 28 OECD countries over the period of 1990-2004.
The empirical result shows that the northern European countries are found
to have a higher productivity growth rate when compared with the rest of
the OECD countries. Furthermore, we found that the main source of the
productivity growth is technical change.
Keywords: Global Malmquist-Luenberger productivity index; Directional distance function; Productivity; Circularity; (follow links to similar papers)
JEL-Codes: C43; O47; Q53; (follow links to similar papers)
29 pages, January 28, 2009
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