Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 334086
Title Shadow Price Approach to Total Factor Productivity Measurement: With an Application to Finnish Grass-Silage Production
Author(s) Kuosmanen, T.K.; Post, T.; Sipiläinen, T.
Source Journal of Productivity Analysis 22 (2004)1-2. - ISSN 0895-562X - p. 95 - 121.
DOI https://doi.org/10.1023/B:PROD.0000034693.38576.94
Department(s) Environmental Economics and Natural Resources
WIMEK
Publication type Refereed Article in a scientific journal
Publication year 2004
Keyword(s) fisher ideal indexes - industrialized countries - technical progress - efficiency change - growth - numbers
Abstract This paper explores an intermediate route between the Fisher and the Malmquist productivity indexes so as to minimize data requirements and assumptions about economic behavior of production units and their production technology. Assuming quantity data of inputs and outputs and the behavioral hypothesis of allocative efficiency, we calculate the exact value of the Fisher ideal productivity index using implicit shadow prices revealed by the choice of input-output mix. The approach is operationalized by means of a nonparametric data envelopment analysis (DEA) model. Empirical application to Finnish grass silage farms suggests that the Malmquist and the Fisher productivity indices yield similar results when averaged over firms, but there can be major differences in the results of the two approaches at the level of individual firms.
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