Index Number Concepts, Measures and Decompositions of Productivity Growth

Journal of Productivity Analysis, Vol. 19 (2/3), 2003, pp. 127-160

University of Alberta School of Business Research Paper No. 2013-294

Posted: 5 Jun 2013

See all articles by W. Erwin Diewert

W. Erwin Diewert

University of British Columbia (UBC) - Department of Economics; National Bureau of Economic Research (NBER)

Alice Orcutt Nakamura

University of Alberta - School of Business

Date Written: April 17, 2002

Abstract

This paper explores the definitions and properties of total factor productivity growth (TFPG) indexes, focusing especially on the Paasche, Laspeyres, Fisher, Tornqvist, and implicit Tornqvist ones. These indexes can be evaluated from observable price and quantity data, and certain of these are shown to be measures of TFPG concepts and theoretical indexes that have been proposed in the literature. The mathematical relationships between these and quantity aggregates, financial measures, and price and quantity indexes are explored. Decompositions of the productivity growth indexes are also given. The paper concludes with a brief overview of some limitations on our analysis.

Keywords: Factor Productivity, Growth, Index Number, Productivity

Suggested Citation

Diewert, W. Erwin and Nakamura, Alice Orcutt, Index Number Concepts, Measures and Decompositions of Productivity Growth (April 17, 2002). Journal of Productivity Analysis, Vol. 19 (2/3), 2003, pp. 127-160, University of Alberta School of Business Research Paper No. 2013-294, Available at SSRN: https://ssrn.com/abstract=2274279

W. Erwin Diewert (Contact Author)

University of British Columbia (UBC) - Department of Economics ( email )

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Alice Orcutt Nakamura

University of Alberta - School of Business ( email )

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