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Malmquist, Fisher and Tornqvist Productivity Indexes

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  • Knox Lovell

Abstract

In this presentation I view a Malmquist productivity index as a theoretical index with desirable properties. I then discuss the properties of three approximations to it: an empirical Malmquist index, and Fisher and Tornqvist indexes. Next I discuss the decomposition properties of the theoretical Malmquist index and its three approximations. I conclude with a discussion of empirical implementation, particularly when prices are missing or dodgy

Suggested Citation

  • Knox Lovell, 2004. "Malmquist, Fisher and Tornqvist Productivity Indexes," Econometric Society 2004 Australasian Meetings 337, Econometric Society.
    • Handle: RePEc:ecm:ausm04:337
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    More about this item

    Keywords

    productivity indexes;

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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