Article ID: | iaor20128126 |
Volume: | 38 |
Issue: | 3 |
Start Page Number: | 255 |
End Page Number: | 272 |
Publication Date: | Dec 2012 |
Journal: | Journal of Productivity Analysis |
Authors: | ODonnell C |
Keywords: | decomposition, productivity, Malmquist index |
Total factor productivity (TFP) can be defined as the ratio of an aggregate output to an aggregate input. This definition naturally leads to TFP indexes that can be expressed as the ratio of an output quantity index to an input quantity index. If the aggregator functions satisfy certain regularity properties then these TFP indexes are said to be