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Profit-oriented productivity change: A comment

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  • Balk, Bert M.

Abstract

This paper is a comment on [6]. It is shown that: (1) their ‘profit-Luenberger’ productivity indicator (πL) appears to be identically equal to an empirical, profit-based Bennet quantity indicator, and (2) their ‘price effect’ (PE) is a residual without independent interpretation.

Suggested Citation

  • Balk, Bert M., 2018. "Profit-oriented productivity change: A comment," Omega, Elsevier, vol. 78(C), pages 176-178.
    • Handle: RePEc:eee:jomega:v:78:y:2018:i:c:p:176-178
    DOI: 10.1016/j.omega.2017.06.011
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    References listed on IDEAS

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    1. Briec, Walter & Kerstens, Kristiaan, 2009. "The Luenberger productivity indicator: An economic specification leading to infeasibilities," Economic Modelling, Elsevier, vol. 26(3), pages 597-600, May.
    2. Juo, Jia-Ching & Fu, Tsu-Tan & Yu, Ming-Miin & Lin, Yu-Hui, 2015. "Profit-oriented productivity change," Omega, Elsevier, vol. 57(PB), pages 176-187.
    3. Walter Briec & K. Kerstens, 2009. "Infeasibilities and directional distance functions: with application to the determinateness of the luenberger productivity indicator," Post-Print hal-00372560, HAL.
    4. W. Briec & K. Kerstens, 2009. "Infeasibility and Directional Distance Functions with Application to the Determinateness of the Luenberger Productivity Indicator," Journal of Optimization Theory and Applications, Springer, vol. 141(1), pages 55-73, April.
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    Cited by:

    1. Juan Aparicio & José L. Zofío, 2020. "New Definitions of Economic Cross-efficiency," International Series in Operations Research & Management Science, in: Juan Aparicio & C. A. Knox Lovell & Jesus T. Pastor & Joe Zhu (ed.), Advances in Efficiency and Productivity II, pages 11-32, Springer.
    2. Barbero, Javier & Zofío, José L., 2023. "The measurement of profit, profitability, cost and revenue efficiency through data envelopment analysis: A comparison of models using BenchmarkingEconomicEfficiency.jl," Socio-Economic Planning Sciences, Elsevier, vol. 89(C).
    3. Aparicio, Juan & Zofío, José L., 2023. "Decomposing profit change: Konüs, Bennet and Luenberger indicators," Socio-Economic Planning Sciences, Elsevier, vol. 87(PB).
    4. Chen, Xiang & Wu, Xin, 2020. "What factor contributes to productivity growth of Chinese city banks: The role of regional difference," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    5. Chen, Xiang, 2020. "Exploring the sources of financial performance in Chinese banks: A comparative analysis of different types of banks," The North American Journal of Economics and Finance, Elsevier, vol. 51(C).

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