Measuring Efficiency of Ocean Economy in China Based on a Novel Luenberger Approach

Xin Zhao, Yue-mei Xue, Wang-lin Kang (), Li-li Ding () and Lin Zhu
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Xin Zhao: School of Economics, Ocean University of China, Qingdao, China; Marine Development Studies Institute of OUC, Key Research Institute of Humanities and Soci al Sciences at Universities, Ministry of Education, Beijing, China.
Yue-mei Xue: School of Economics, Ocean University of China, Qingdao, China.
Wang-lin Kang: School of Management and Economics, Shandong University of Science and Technology, Qingdao, China.
Li-li Ding: School of Economics, Ocean University of China, Qingdao, China; Marine Development Studies Institute of OUC, Key Research Institute of Humanities and Soci al Sciences at Universities, Ministry of Education, Beijing, China
Lin Zhu: School of Management and Economics, Beijing Institute of Technology, Beijing, China.

Journal for Economic Forecasting, 2018, issue 2, 5-21

Abstract: This paper proposes a novel Luenberger approach based on directive SBM method and Luenberger indicator to solve the intertemporal effect of dynamic factors. The new Luenberger indicator can be decomposed into dynamic pure efficiency change index, dynamic scale efficiency change index, technology progress index and dynamic effect index. The empirical application focuses on the growth performances of ocean economy in 11 coastal areas of China. The conclusions are as follows. First, the intertemporal effect of capital factor shows that the technical frontier is on the rise and the total factor productivity level is improved. The technical progress is the driving force of Chinese ocean economy growth performance. Second, the labor force, dynamic capital output and desirable output have positive relationships with the efficiency of ocean economy considering the environmental problem. However, the dynamic capital input, resource consumption and environmental pollution have negative effects, respectively.

Keywords: ocean economy; capital dynamic effect; green efficiency; Luenberger (search for similar items in EconPapers)
JEL-codes: C67 O47 (search for similar items in EconPapers)
Date: 2018
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