A Total Factor Productivity Toolbox for MATLAB

Bert Balk, Javier Barbero and José Zofío

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: Total Factor Productivity Toolbox is a new package for MATLAB that includes functions to calculate the main Total Factor Productivity (TFP) indices and their decompositions, based on Shephard’s distance functions and using Data Envelopment Analysis (DEA) programming techniques. The package includes code for the standard Malmquist, Moorsteen-Bjurek, price-weighted and share-weighted TFP indices, allowing for the choice of orientation (input or output), reference period (base, comparison, geometric mean), re- turns to scale (variable or constant), and specific decompositions (aggregate or identifying scale effects as well as input and output mix effects). Classic definitions of TFP corresponding to the Laspeyres, Paasche, Fisher, or Törnqvist formulas can also be calculated as particular cases. This paper describes the methodology and implementation of the functions and reports numerical results so as to ease the comparison between indices and illustrate their use.

Keywords: Total factor productivity; Malmquist; Moorsteen-Bjurek; Fisher; Törnqvist; distance function; data envelopment analysis; MATLAB (search for similar items in EconPapers)
Pages: 57
Date: 2018-05-15
New Economics Papers: this item is included in nep-eff
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