Luenberger and Malmquist Productivity Indices: Theoretical Comparisons and Empirical Illustration

Jean-Christophe Poutineau (), W. Briec, Jean-Philippe Boussemart and Kristiaan Kerstens
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Jean-Christophe Poutineau: CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR - Université de Rennes - CNRS - Centre National de la Recherche Scientifique

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Abstract: This contribution establishes, from a theoretical viewpoint, the relations between the Malmquist productivity indices, that measure in either input or output orientations, and the Luenberger productivity indices, that can simultaneously contract inputs and expand outputs, but that can also measure in either input or output orientations. The main result is that a Malmquist productivity index overestimates productivity changes, since it provides productivity measures that are nearly twice those given by the Luenberger productivity index looking for simultaneous contractions of inputs and expansions of outputs. This relationship is empirically illustrated using data from 20 OECD countries over the 1974–97 period.

Keywords: Luenberger productivity index; Malmquist productivity index (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (97)

Published in Bulletin of Economic Research, 2003, 55 (4), pp.391-405

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Journal Article: Luenberger and Malmquist Productivity Indices: Theoretical Comparisons and Empirical Illustration (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00068813

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