Decomposing productivity growth allowing efficiency gains and price-induced technical progress

A.G.J.M. Oude Lansink; E. Silva; S. Stefanou

doi:10.1093/erae/27.4.497

Decomposing productivity growth allowing efficiency gains and price-induced technical progress

A.G.J.M. Oude Lansink, E. Silva, S. Stefanou

Environmental Economics and Natural Resources

Research output: Contribution to journal › Article › Academic › peer-review

27 Citations (Scopus)

Abstract

Time- and firm-specific output technical efficiency measures are generated within a price-induced technological change framework. The firm-specific production frontier incorporates past prices as an argument encouraging innovation and a time trend to account for exogenous technical change. The theoretical model is used to decompose total factor productivity into a scale effect, an efficiency change effect and a technological change effect. Input bias arising from exogenous technical change and price-induced innovation is investigated using a multiple-input measure of biased technical change. The empirical focus is on Dutch pot-plant firms during the period 1979-1995 using the maximum entropy estimation method.

Original language	English
Pages (from-to)	497-518
Journal	European Review of Agricultural Economics
Volume	27
Issue number	4
DOIs	https://doi.org/10.1093/erae/27.4.497
Publication status	Published - 2000

Keywords

Bias in technical change
Inter-firm efficiency
Maximum entropy
Price-induced technical change

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10.1093/erae/27.4.497

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abstract = "Time- and firm-specific output technical efficiency measures are generated within a price-induced technological change framework. The firm-specific production frontier incorporates past prices as an argument encouraging innovation and a time trend to account for exogenous technical change. The theoretical model is used to decompose total factor productivity into a scale effect, an efficiency change effect and a technological change effect. Input bias arising from exogenous technical change and price-induced innovation is investigated using a multiple-input measure of biased technical change. The empirical focus is on Dutch pot-plant firms during the period 1979-1995 using the maximum entropy estimation method.",

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KW - Bias in technical change

KW - Inter-firm efficiency

KW - Maximum entropy

KW - Price-induced technical change

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JF - European Review of Agricultural Economics

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ER -

Decomposing productivity growth allowing efficiency gains and price-induced technical progress

Abstract

Keywords

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