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Exact and superlative measurement of the Luenberger-Hicks-Moorsteen productivity indicator

Ang, Frederic and Kerstens, Pieter Jan (2017). Exact and superlative measurement of the Luenberger-Hicks-Moorsteen productivity indicator. Uppsala: (NL, NJ) > Dept. of Economics, Sveriges lantbruksuniversitet. Working paper series / Swedish University of Agricultural Sciences, Department of Economics ; 2017:01
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Abstract

This paper shows that the Bennet-Bowley profit indicator is an exact and superlative approximation of the additively complete Luenberger-Hicks-Moorsteen productivity indicator when the input and output directional distance functions can be represented up to the second order by a quadratic functional form. It also establishes the conditions under which the exact and superlative measures of the Luenberger productivity indicator and Luenberger-Hicks-Moorsteen productivity indicator coincide.

Authors/Creators:Ang, Frederic and Kerstens, Pieter Jan
Title:Exact and superlative measurement of the Luenberger-Hicks-Moorsteen productivity indicator
Series/Journal:Working paper series / Swedish University of Agricultural Sciences, Department of Economics (1401-4068)
Year of publishing :2017
Depositing date:13 September 2017
Number:2017:01
Number of Pages:10
Place of Publication:Uppsala
Publisher:Department of Economics, Swedish University of Agricultural Sciences
ISSN:1401-4068
Language:English
Publication Type:Report
Article category:Other scientific
Full Text Status:Public
Agris subject categories.:E Economics, development, and rural sociology > E16 Production economics
X Agricola extesions > X70 Economics and management
Subjects:(A) Swedish standard research categories 2011 > 5 Social Sciences > 502 Economics and Business > Economics
Agrovoc terms:economics, economic theories, productivity, production economics, production factors, economic systems
Keywords:Bennet-Bowley, difference-based indicator, total factor productivity,, exact and superlative approximation
URN:NBN:urn:nbn:se:slu:epsilon-e-4350
Permanent URL:
http://urn.kb.se/resolve?urn=urn:nbn:se:slu:epsilon-e-4350
ID Code:14431
Faculty:NJ - Fakulteten för naturresurser och jordbruksvetenskap
Department:(NL, NJ) > Dept. of Economics
Deposited By: SLUpub Connector
Deposited On:13 Sep 2017 07:50
Metadata Last Modified:13 Sep 2017 07:50

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