A Global Malmquist-Luenberger Productivity Index - an application to OECD countries 1990-2004

Dong-hyun Oh ()

No 164, Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies

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 (search for similar items in EconPapers)
JEL-codes: C43 O47 Q53 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2009-01-28
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://static.sys.kth.se/itm/wp/cesis/cesiswp164.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:cesisp:0164

Access Statistics for this paper

More papers in Working Paper Series in Economics and Institutions of Innovation from Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Vardan Hovsepyan ().