EconPapers    
Economics at your fingertips  
 

A sequential global Malmquist productivity index: Productivity growth index for unbalanced panel data considering the progressive nature of technology

Yoonhwan Oh, Dong-hyun Oh () and Jeong-Dong Lee ()
Additional contact information
Dong-hyun Oh: Inha University

Empirical Economics, 2017, vol. 52, issue 4, 1651-1674

Abstract: Abstract This study proposes an alternative Malmquist productivity index for measuring productivity growth that can be applied to an unbalanced panel data set by considering the progressive nature of technology. The proposed methodology overcomes the weakness of the conventional Malmquist productivity index, which bears spurious technical change and cannot be applied to unbalanced panel data. To develop the methodology, we integrated the concepts of the sequential production possibility set of Tulkens and Vanden Eeckaut (Eur J Oper Res 80:474–499, 1995) and of the global frontier of Asmild and Tam (J Prod Anal 27:137–148, 2007). The suggested index is applied to analyze unbalanced panel data on electric utilities of Korea and the USA between 2001 and 2010. Using the empirical investigation, we show how the suggested index overcomes the fictitious technical regress phenomenon and can be employed for unbalanced panel data.

Keywords: Malmquist productivity index; Technical progress; Efficiency change; Electric utility (search for similar items in EconPapers)
JEL-codes: C61 D24 O33 Q43 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s00181-016-1104-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:empeco:v:52:y:2017:i:4:d:10.1007_s00181-016-1104-6

Ordering information: This journal article can be ordered from
http://www.springer. ... rics/journal/181/PS2

DOI: 10.1007/s00181-016-1104-6

Access Statistics for this article

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

More articles in Empirical Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-02-09
Handle: RePEc:spr:empeco:v:52:y:2017:i:4:d:10.1007_s00181-016-1104-6