Frederic Ang: Assessing productivity using the Bennet-Bowley-Lowe indicator: An application to Welsh sheep farm

This article introduces the Bennet-Bowley-Lowe Total Factor Productivity (TFP) indicator. Our proposed measure is difference-based, determinate and additively complete in line with the Bennet-Bowley indicator, and inherits the transitivity property of the Lowe index.

Organisator Development Economics

do 18 januari 2018 12:30 tot 13:30

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The empirical application focuses on the Welsh sheep sector for the years 2001-2014. We also develop a framework to decompose all Bennet-Bowley-type TFP indicators into technical change, technical inefficiency change, scale inefficiency change and mix inefficiency change.