Malmquist and Hicks-Moorsteen Productivity Indices: An Empirical Comparison Focusing on Infeasibilities

Kristiaan Kerstens, Amine Hachem () and Ignace Van de Woestyne ()
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Amine Hachem: CNRS-LEM (UMR 8179), IESEG School of Management, F-59000 Lille, France.
Ignace Van de Woestyne: Hogeschool-Universiteit Brussel (HUB), Belgium

No 2010/31, Working Papers from Hogeschool-Universiteit Brussel, Faculteit Economie en Management

Abstract: In the literature, two main ratio-based productivity indices have been defined in terms of a primal technology notion. While the Malmquist productivity index has become very popular, it has the problem that it is not always well-defined. By contrast, the less popular Hicks Moorsteen productivity index is well-defined under weak conditions on technology. The purpose of this paper is to empirically illustrate the extent of this determinateness problem on some agricultural data sets under variations on the technology assumptions.

Keywords: Malmquist productivity index; Hicks-Moorsteen productivity index; Infeasibilities (search for similar items in EconPapers)
JEL-codes: C43 D24 O33 (search for similar items in EconPapers)
Pages: 27 page
Date: 2010-10
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Citations: View citations in EconPapers (3)

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