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On Paasche and Laspeyers Malmquist Indexes: A Comment on Diewert and Fox (2017)

Rolf Färe and Valentin Zelenyuk
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Rolf Färe: Department of Economics, Oregon State University and Department of Agricultural and Resource Economics, University of Maryland, USA

No WP042019, CEPA Working Papers Series from University of Queensland, School of Economics

Abstract: In their recent article, Diewert and Fox (2017), proposed what appears to be the first time a theoretical justification for the geometric average form of the Bjurek productivity index (also known as Hicks-Moorsteen productivity index). The goal of this note is to provide another theoretical justification. We focus on the Malmquist input quantity indexes, a component of the Hicks-Moorsteen-Bjurek index.

Keywords: Paasche; Laspeyers; Malmquist; Hick-Moorsteen-Bjurek Productivity Indexes. (search for similar items in EconPapers)
Date: 2019-02
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