The measurement of firm-specific indexes of technical change

B. H. Baltagi, J. M. Griffin, D. P. Rich

Research output: Contribution to journalArticle

24 Scopus citations

Abstract

This paper proposes a methodology for obtaining econometrically estimates of firm-specific technical change and contrasts those estimates with a multilateral total factor productivity index. Based on a panel data set of airlines, two measures are contrasted in a variety of ways. To the extent that output characteristics differ as in the case of airlines, the two measures differ significantly. Both measures are regressed on a variety of factors potentially influencing technical efficiency, confirming that improvements in fuel efficiency and load factor have played major roles with hubbing and competition playing smaller roles in explaining efficiency improvements. -Authors

Original languageEnglish (US)
Pages (from-to)654-663
Number of pages10
JournalReview of Economics & Statistics
Volume77
Issue number4
DOIs
StatePublished - Jan 1 1995
Externally publishedYes

ASJC Scopus subject areas

  • Social Sciences (miscellaneous)
  • Economics and Econometrics

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