Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated?

Kristiaan Kerstens; Zhiyang Shen; Ignace Van de Woestyne

doi:10.1016/j.ijpe.2017.10.010

Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated?

Kristiaan Kerstens^*, Zhiyang Shen, Ignace Van de Woestyne

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

38 Citations (Scopus)

Abstract

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.

Original language	English
Pages (from-to)	311-318
Number of pages	8
Journal	International Journal of Production Economics
Volume	195
DOIs	https://doi.org/10.1016/j.ijpe.2017.10.010
Publication status	Published - Jan 2018
Externally published	Yes

Keywords

Luenberger indicator
Luenberger-Hicks-Moorsteen indicator
TFP

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10.1016/j.ijpe.2017.10.010

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Kerstens, K., Shen, Z., & Van de Woestyne, I. (2018). Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated? International Journal of Production Economics, 195, 311-318. https://doi.org/10.1016/j.ijpe.2017.10.010

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title = "Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated?",

abstract = "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.",

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AU - Van de Woestyne, Ignace

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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.

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JO - International Journal of Production Economics

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ER -

Comparing Luenberger and Luenberger-Hicks-Moorsteen productivity indicators: How well is total factor productivity approximated?

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Keywords

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