Journal
ECONOMICS LETTERS
Volume 88, Issue 2, Pages 266-271Publisher
ELSEVIER SCIENCE SA
DOI: 10.1016/j.econlet.2005.02.013
Keywords
malmquist productivity index; circularity
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The geometric mean Malmquist productivity index is not circular, and its adjacent period components can provide different measures of productivity change. We propose a global Malmquist productivity index that is circular, and that gives a single measure of productivity change. (c) 2005 Elsevier B.V. All rights reserved.
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