Profit-Oriented Productivity Change: A Comment
7 Pages Posted: 3 Feb 2017
Date Written: February 2, 2017
This paper is a comment on a paper by Juo et al. in Omega 2015. It is shown that 1. their 'profit-Luenberger' productivity indicator is nothing but an empirical, profit-based Bennet quantity indicator, and 2. their 'price effect' is a residual incapable of serious interpretation.
Keywords: Total factor productivity, indicator, decomposition, Bennet, Luenberger
JEL Classification: C43, D24, D61
Suggested Citation: Suggested Citation