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EXACT RELATIONS BETWEEN FOUR DEFINITIONS OF PRODUCTIVITY INDICES AND INDICATORS
Author(s) -
Briec Walter,
Kerstens Kristiaan,
Peypoch Nicolas
Publication year - 2012
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.2010.00378.x
Subject(s) - productivity , index (typography) , economics , mathematical economics , mathematics , econometrics , computer science , macroeconomics , world wide web
Generalizing earlier approximation results, we establish exact relations between the Luenberger productivity indicator and the Malmquist productivity index under rather mild assumptions. Furthermore, we show that similar exact relations can be established between the Luenberger–Hicks–Moorsteen indicator and the Hicks–Moorsteen index.