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On Paasche and Laspeyers Malmquist Indexes: A Comment on Diewert and Fox (2017)

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Abstract

In their recent article, Diewert and Fox (2017), proposed what appears to be the first time a theoretical justification for the geometric average form of the Bjurek productivity index (also known as Hicks-Moorsteen productivity index). The goal of this note is to provide another theoretical justification. We focus on the Malmquist input quantity indexes, a component of the Hicks-Moorsteen-Bjurek index.

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  • Rolf Färe & Valentin Zelenyuk, 2019. "On Paasche and Laspeyers Malmquist Indexes: A Comment on Diewert and Fox (2017)," CEPA Working Papers Series WP042019, School of Economics, University of Queensland, Australia.
    • Handle: RePEc:qld:uqcepa:134
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    File URL: https://economics.uq.edu.au/files/13106/WP042019.pdf
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    References listed on IDEAS

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    1. Rolf Fare & Valentin Zelenyuk, 2005. "On Farrell's Decomposition and Aggregation," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 4(2), pages 167-171, August.
    2. Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275, November.
    3. Färe, Rolf & Zelenyuk, Valentin, 2019. "On Luenberger input, output and productivity indicators," Economics Letters, Elsevier, vol. 179(C), pages 72-74.
    4. Diewert, W. Erwin & Fox, Kevin J., 2017. "Decomposing productivity indexes into explanatory factors," European Journal of Operational Research, Elsevier, vol. 256(1), pages 275-291.
    5. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    6. Chambers Robert G. & Fare Rolf, 1994. "Hicks' Neutrality and Trade Biased Growth: A Taxonomy," Journal of Economic Theory, Elsevier, vol. 64(2), pages 554-567, December.
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