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Aggregation of Malmquist productivity indexes allowing for reallocation of resources

Valentin Zelenyuk and Andreas Mayer

No WP062013, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: In this paper we consider aggregate (group) Malmquist productivity index measures which allow inputs to be reallocated within the group (when in output orientation). This merges the single period aggregation results allowing input reallocation of Nesterenko and Zelenyuk (2007) with the aggregate Malmquist productivity index results of Zelenyuk (2006) to determine aggregate Malmquist productivity indexes that are justified by economic theory, consistent with previous aggregation results, and which maintain analogous decompositions over time to the original measures. Such measures are of direct relevance to firms or countries who have merged (making input reallocation possible), allowing them to measure potential productivity gains and how these have been realised (or not) over time.

Date: 2013-10
New Economics Papers: this item is included in nep-eff
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Citations: View citations in EconPapers (1)

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https://economics.uq.edu.au/files/5151/WP062013.pdf (application/pdf)

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Journal Article: Aggregation of Malmquist productivity indexes allowing for reallocation of resources (2014) Downloads
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