TY - JOUR
T1 - Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators
T2 - How well is total factor productivity approximated?
AU - Kerstens, Kristiaan
AU - Shen, Zhiyang
AU - Van de Woestyne, Ignace
N1 - Publisher Copyright:
© 2017 Elsevier B.V.
PY - 2018/1
Y1 - 2018/1
N2 - We empirically compare both the popular Luenberger indicator with the less popular Luenberger-Hicks–Moorsteen productivity indicator on an agricultural panel data set of Chinese provinces over the years 1997–2014. In particular, we test for the differences in distribution when comparing these indicators. These tests are crucial to answer the question to which extent the Luenberger indicator can approximate the Luenberger-Hicks–Moorsteen productivity indicator that has a Total Factor Productivity (TFP) interpretation.
AB - We empirically compare both the popular Luenberger indicator with the less popular Luenberger-Hicks–Moorsteen productivity indicator on an agricultural panel data set of Chinese provinces over the years 1997–2014. In particular, we test for the differences in distribution when comparing these indicators. These tests are crucial to answer the question to which extent the Luenberger indicator can approximate the Luenberger-Hicks–Moorsteen productivity indicator that has a Total Factor Productivity (TFP) interpretation.
KW - Luenberger indicator
KW - Luenberger-Hicks-Moorsteen indicator
KW - TFP
UR - http://www.scopus.com/inward/record.url?scp=85034019676&partnerID=8YFLogxK
U2 - 10.1016/j.ijpe.2017.10.010
DO - 10.1016/j.ijpe.2017.10.010
M3 - Article
AN - SCOPUS:85034019676
SN - 0925-5273
VL - 195
SP - 311
EP - 318
JO - International Journal of Production Economics
JF - International Journal of Production Economics
ER -