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Luenberger Productivity Indicators: Aggregation Across Firms

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  • R. Färe
  • D. Primont

Abstract

Two methods of aggregating Luenberger productivity indicators across firms are considered. One method makes use of some rather implausible allocative efficiency assumptions. The second method, a superlative index number approach, relies on more palatable assumptions and is judged to be the more promising of the two methods. Copyright Kluwer Academic Publishers 2003

Suggested Citation

  • R. Färe & D. Primont, 2003. "Luenberger Productivity Indicators: Aggregation Across Firms," Journal of Productivity Analysis, Springer, vol. 20(3), pages 425-435, November.
    • Handle: RePEc:kap:jproda:v:20:y:2003:i:3:p:425-435
    DOI: 10.1023/A:1027360018763
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    References listed on IDEAS

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    1. Chambers, Robert G., 1996. "A New Look at Exact Input, Output, Productivity, and Technical Change Measurement," Working Papers 197840, University of Maryland, Department of Agricultural and Resource Economics.
    2. Akerlof, George A & Yellen, Janet L, 1985. "Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?," American Economic Review, American Economic Association, vol. 75(4), pages 708-720, September.
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    Cited by:

    1. Arnaud Abad & Rabaozafy Louisa Andriamasy & Walter Briec, 2018. "Surplus measures and luenberger Hicks–Moorsteen productivity indicator," Journal of Economics, Springer, vol. 125(3), pages 279-308, November.
    2. Hien Thu Pham & Antonio Peyrache, 2015. "Industry Inefficiency Measures: A Unifying Approximation Proposition," CEPA Working Papers Series WP102015, School of Economics, University of Queensland, Australia.
    3. Koutsomanoli-Filippaki, Anastasia & Mamatzakis, Emmanuel, 2009. "Performance and Merton-type default risk of listed banks in the EU: A panel VAR approach," Journal of Banking & Finance, Elsevier, vol. 33(11), pages 2050-2061, November.
    4. Koutsomanoli-Filippaki, Anastasia & Margaritis, Dimitris & Staikouras, Christos, 2009. "Efficiency and productivity growth in the banking industry of Central and Eastern Europe," Journal of Banking & Finance, Elsevier, vol. 33(3), pages 557-567, March.
    5. Guironnet, J.-P. & Peypoch, N., 2007. "Human capital allocation and overeducation: A measure of French productivity (1987, 1999)," Economic Modelling, Elsevier, vol. 24(3), pages 398-410, May.
    6. Kenjegalieva, Karligash A. & Simper, Richard, 2011. "A productivity analysis of Central and Eastern European banking taking into account risk decomposition and environmental variables," Research in International Business and Finance, Elsevier, vol. 25(1), pages 26-38, January.
    7. Peyrache, Antonio, 2015. "Cost constrained industry inefficiency," European Journal of Operational Research, Elsevier, vol. 247(3), pages 996-1002.
    8. Park, Kang H. & Weber, William L., 2006. "A note on efficiency and productivity growth in the Korean Banking Industry, 1992-2002," Journal of Banking & Finance, Elsevier, vol. 30(8), pages 2371-2386, August.
    9. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro, 2012. "Analysis of static and dynamic productivity growth in the Spanish meat processing industry," Problems of World Agriculture / Problemy Rolnictwa Światowego, Warsaw University of Life Sciences, vol. 12(27), pages 1-13, September.
    10. Picazo-Tadeo, Andrés J. & Beltrán-Esteve, Mercedes & Gómez-Limón, José A., 2012. "Assessing eco-efficiency with directional distance functions," European Journal of Operational Research, Elsevier, vol. 220(3), pages 798-809.
    11. Antonio Peyrache, 2014. "Cost Constrained Industry Inefficiency," CEPA Working Papers Series WP042014, School of Economics, University of Queensland, Australia.
    12. Karligash Kenjegalieva & Richard Simper, 2010. "A Productivity analysis of Eastern European banking taking into account risk decomposition and environmental variables," Discussion Paper Series 2010_02, Department of Economics, Loughborough University, revised Jan 2010.
    13. 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.
    14. Jeremy Foltz & Bradford Barham & Jean-Paul Chavas & Kwansoo Kim, 2012. "Efficiency and technological change at US research universities," Journal of Productivity Analysis, Springer, vol. 37(2), pages 171-186, April.
    15. Zhu, Ning & Streimikis, Justas & Yu, Zhiqian & Balezentis, Tomas, 2023. "Energy-sustainable agriculture in the European Union member states: Overall productivity growth and structural efficiency," Socio-Economic Planning Sciences, Elsevier, vol. 87(PA).
    16. Lansink, Alfons Oude & Stefanou, Spiro & Serra, Teresa, 2015. "Primal and dual dynamic Luenberger productivity indicators," European Journal of Operational Research, Elsevier, vol. 241(2), pages 555-563.
    17. Timo Kuosmanen & Timo Sipiläinen, 2009. "Exact decomposition of the Fisher ideal total factor productivity index," Journal of Productivity Analysis, Springer, vol. 31(3), pages 137-150, June.
    18. Carlos Pestana Barros & Guglielmo Maria Caporale & Luis A. Gil-Alana, 2007. "Identification of Segments of European Banks with a Latent Class Frontier Model," CESifo Working Paper Series 2110, CESifo.

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    Keywords

    directional distance function; aggregation;

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