✦ LIBER ✦

A new, transitive productivity index

✍ Scribed by Bert M. Balk; Rikard Althin

Book ID: 104648200
Publisher: Springer
Year: 1996
Tongue: English
Weight: 509 KB
Volume: 7
Category: Article
ISSN: 0895-562X
DOI: 10.1007/bf00158474

No coin nor oath required. For personal study only.

✦ Synopsis

The Malmquist productivity index is not transitive. This paper argues that, instead of trying to accommodate this two-period concept to a multi-period setting, it is preferable to look at the measurement of productivity, efficiency, and technical change in a multi-period setting from the outset. A new, transitive productivity index is developed with as by-product a measure of the non-neutrality of technical change. The various indices are illustrated on panel data of Swedish pharmacies.

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