Hicks-Moorsteen versus Malmquist: a connection by means of a radial productivity index

Peyrache, Antonio (2013) Hicks-Moorsteen versus Malmquist: a connection by means of a radial productivity index. Journal of Productivity Analysis, 41 3: 435-442. doi:10.1007/s11123-013-0350-2

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Author Peyrache, Antonio
Title Hicks-Moorsteen versus Malmquist: a connection by means of a radial productivity index
Journal name Journal of Productivity Analysis   Check publisher's open access policy
ISSN 0895-562X
1573-0441
Publication date 2013-06-06
Sub-type Article (original research)
DOI 10.1007/s11123-013-0350-2
Volume 41
Issue 3
Start page 435
End page 442
Total pages 8
Place of publication New York, NY, United States
Publisher Springer New York
Language eng
Formatted abstract
A primal index of productivity change is introduced which decomposes exactly into three components: technical change, technical efficiency change and average scale economies (radial scale change). The productivity index is defined using variations of the distance function along pre-assigned input–output rays and, for this reason, it is deemed a radial productivity index (RPI). It is proven that: first, the RPI index collapses to the Malmquist productivity index when the technology is constant returns to scale (CRS); second the RPI index equals the Hicks-Moorsteen productivity index under homotheticity of technology (and non-CRS). The key to these results is a new definition and measure of the contribution of scale economies to productivity change.
Keyword Productivity
CCD Malmquist
Hicks-Moorsteen
Average scale economies
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Published online: 06 June 2013

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2014 Collection
School of Economics Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 3 times in Thomson Reuters Web of Science Article | Citations
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Created: Tue, 03 Dec 2013, 04:32:20 EST by Antonio Peyrache on behalf of School of Economics