Productivity Indexes under Hicks Neutral Technical Change

Hideyuki Mizobuchi
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Hideyuki Mizobuchi: Faculty of Economics, Ryukoku University

No WP072015, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: The Malmquist and Hicks–Moorsteen productivity indexes are the two most widely used indexes for measuring productivity growth of firms, industries and countries. We indicate that these two indexes coincide under constant returns to scale technology and Hicks neutral technical change. While the conditions on production technology under which two indexes coincide have been examined before, this is the first study on the types of technical change under which they coincide. We shed new insight on the relationship between these popular indexes.

Keywords: Hicks neutral technical change; Malmquist productivity index; Hicks–Moorsteen productivity index (search for similar items in EconPapers)
JEL-codes: C14 D24 O47 O51 (search for similar items in EconPapers)
Date: 2015-10
New Economics Papers: this item is included in nep-eff
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:qld:uqcepa:105

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