Alternative Measures of Total Factor Productivity Growth

Abstract

Alternative Measures of Total Factor Productivity GrowthTen Raa, T.; Shestalova, V. AbstractThe four main approaches to the measurement of total factor productivity (TFP)-growth and its decomposition are (i) Solow's residual analysis, (ii) the Index Number Approach, (iii) Input-Output Analysis (IO), and (iv) Data Envelopment Analysis (DEA). The corresponding measures of TFP growth are based on di¤erent assumptions, which we expose and interrelate. The Solow Residual serves as the benchmark for our comparisons. The interrelationships between the alternative measures permit an interpretation of the di¤erences among them. We consolidate the four alternative measures in a common framework. JEL Classi…cation Numbers: O47, C67

The Theory of Benchmarking and the Measurement of Industrial Organization

“…Summarizing, e¢ ciency change is de…ned by (9), technical change by (12), productivity growth by (13), and the former two sum to the latter by equation (11), which con…rms our intuitive equation (10).…”

“…This expression is basically a summation of the …rm productivity growth rates, (13), with the modi…cation that private shadow prices have been replaced by social values. This di¤erence constitutes precisely the aggregation bias uncovered by ten Raa (2005).…”

“…For example, benchmarking against the second period yields e((x i t+1 ; y i t+1 ); (x t+1 ; y t+1 )) e((x i t ; y i t ); (x t+1 ; y t+1 )). This di¤erence expression is a discrete time version of the numerator of productivity growth expression (13). E¢ ciency change contributes to the …rst term and technical change to the second term.…”

Διαρθρωτικές Μεταβολές Και Περιφερειακή Ανάπτυξη Στην Ελλάδα

“…Στο πλαίσιο της Ανάλυσης Εισροών -Εκροών, έχουν προταθεί διάφορες μεθοδολογίες από ερευνητές, όπως π.χ. Baumol and Wolff (1984), Galatin (1988), Wolff (1985Wolff ( , 1994Wolff ( , 1997, Ten Raa and Wolff (1991), Ten Raa (1994, Casler and Gallatin (1997), Aulin-Ahmavaara (1999), και Ten Raa and Shestalova (2006).…”

“…Η συγκεκριμένη μεθοδολογική προσέγγιση έχει διαφορετική δομή από τις ήδη υπάρχουσες μεθοδολογίες στην επιστημονική βιβλιογραφία (π.χ. Baumol and Wolff 1984;Galatin 1988;Wolff 1985Wolff , 1994Wolff , 1997Ten Raa andWolff 1991, 2001;Ten Raa 1994Casler and Gallatin 1997;Aulin-Ahmavaara 1999;Ten Raa and Shestalova 2006). Δεύτερον, μέσω του μεθοδολογικού πλαισίου της διδακτορικής διατριβής, προτείνεται η χρήση της πολλαπλής γραμμικής παλινδρόμησης με σκοπό τον προσδιορισμό χωρικών, οικονομικών, αναπτυξιακών και λοιπών παραγόντων που επιδρούν στη δυναμική των παραγωγικών κλάδων.…”