Productivity and technical change: Measurement and testing

Subal Kumbhakar

Empirical Economics, 2004, vol. 29, issue 1, 185-191

Abstract: This paper considers two specifications, namely, the time trend (TT) and general index (GI) of technical change. These models are extended to accommodate the TFP growth accounting relationship in to the econometric model. We also propose a formal test to determine whether the TT or the GI model is appropriate for the data. Copyright Springer-Verlag 2004

Keywords: Total factor productivity growth; Divisia index; technical change; returns to scale; C30 (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1007/s00181-003-0185-1

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Empirical Economics is currently edited by Robert M. Kunst, Arthur H.O. van Soest, Bertrand Candelon, Subal C. Kumbhakar and Joakim Westerlund

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