TY - BOOK
T1 - Exact and superlative measurement of the Luenberger-Hicks-Moorsteen productivity indicator
AU - Ang, Frederic
AU - Kerstens, Pieter Jan
PY - 2017
Y1 - 2017
N2 - 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.
AB - 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.
KW - Bennet-Bowley
KW - difference-based indicator
KW - exact and superlative approximation
KW - total factor productivity
KW - Bennet-Bowley
KW - difference-based indicator
KW - exact and superlative approximation
KW - total factor productivity
UR - https://res.slu.se/id/publ/79464
M3 - Report
T3 - Working Paper Series / Swedish University of Agricultural Sciences, Department of Economics
BT - Exact and superlative measurement of the Luenberger-Hicks-Moorsteen productivity indicator
PB - Department of Economics, Swedish University of Agricultural Sciences
ER -