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Measuring Efficiency of Ocean Economy in China Based on a Novel Luenberger Approach

Author

Listed:
  • ZHAO Xin

    (School of Economics, Ocean University of China, Qingdao, China; Marine Development Studies Institute of OUC, Key Research Institute of Humanities and Soci al Sciences at Universities, Ministry of Education, Beijing, China.)

  • XUE Yue-mei

    (School of Economics, Ocean University of China, Qingdao, China.)

  • KANG Wang-lin

    (School of Management and Economics, Shandong University of Science and Technology, Qingdao, China.)

  • DING Li-li

    (School of Economics, Ocean University of China, Qingdao, China; Marine Development Studies Institute of OUC, Key Research Institute of Humanities and Soci al Sciences at Universities, Ministry of Education, Beijing, China)

  • ZHU Lin

    (School of Management and Economics, Beijing Institute of Technology, Beijing, China.)

Abstract

This paper proposes a novel Luenberger approach based on directive SBM method and Luenberger indicator to solve the intertemporal effect of dynamic factors. The new Luenberger indicator can be decomposed into dynamic pure efficiency change index, dynamic scale efficiency change index, technology progress index and dynamic effect index. The empirical application focuses on the growth performances of ocean economy in 11 coastal areas of China. The conclusions are as follows. First, the intertemporal effect of capital factor shows that the technical frontier is on the rise and the total factor productivity level is improved. The technical progress is the driving force of Chinese ocean economy growth performance. Second, the labor force, dynamic capital output and desirable output have positive relationships with the efficiency of ocean economy considering the environmental problem. However, the dynamic capital input, resource consumption and environmental pollution have negative effects, respectively.

Suggested Citation

  • ZHAO Xin & XUE Yue-mei & KANG Wang-lin & DING Li-li & ZHU Lin, 2018. "Measuring Efficiency of Ocean Economy in China Based on a Novel Luenberger Approach," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 5-21, June.
    • Handle: RePEc:rjr:romjef:v::y:2018:i:2:p:5-21
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    References listed on IDEAS

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    More about this item

    Keywords

    ocean economy; capital dynamic effect; green efficiency; Luenberger;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models

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