Measuring input-specific productivity change based on the principle of least action

Juan Aparicio , Magdalena Kapelko , Bernhard Mahlberg , Jose L. Sainz-Pardo

Abstract

In for-profit organizations, efficiency and productivity measurement with reference to the potential for input-specific reductions is particularly important and has been the focus of interest in the recent literature. Different approaches can be formulated to measure and decompose input-specific productivity change over time. In this paper, we highlight some problems within existing approaches and propose a new methodology based on the Principle of Least Action. In particular, this model is operationalized in the form of a non-radial Luenberger productivity indicator based on the determination of the least distance to the strongly efficient frontier of the considered production possibility sets, which are estimated by non-parametric techniques based upon Data Envelopment Analysis. In our approach, overall productivity change is the sum of input-specific productivity changes. Overall productivity change and input-specific changes are broken up into indicators of efficiency change and technical change. This decomposition enables the researcher to quantify the contributions of each production factor to productivity change and its components. In this way, the drivers of productivity development are revealed. For illustration purposes the new approach is applied to a recent dataset of Polish dairy processing firms
Autor Juan Aparicio - [Universidad Miguel Hernandez de Elche]
Juan Aparicio
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, Magdalena Kapelko (ZIF / IZM / KL)
Magdalena Kapelko
- Katedra Logistyki
, Bernhard Mahlberg - [Institute for Industrial Research]
Bernhard Mahlberg
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, Jose L. Sainz-Pardo - [Universidad Miguel Hernandez de Elche]
Jose L. Sainz-Pardo
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Tytuł czasopisma/seriiJournal of Productivity Analysis, ISSN 0895-562X, e-ISSN 1573-0441, (A 25 pkt)
Rok wydania2017
Tom47
Nr1
Paginacja17-31
Objętość publikacji w arkuszach wydawniczych0.75
Słowa kluczowe w języku angielskimdata envelopment analysis, weighted additive model, closest targets, Input-specific, productivity change
Klasyfikacja ASJC2002 Economics and Econometrics; 3301 Social Sciences (miscellaneous); 1403 Business and International Management
DOIDOI:10.1007/s11123-016-0488-9
URL http://link.springer.com/journal/11123/47/1/page/1
Języken angielski
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Aparicio_Kapelko_Mahlberg_Sainz-Pardo_Measuring_input-speci2017.pdf 621,51 KB
Punktacja (całkowita)25
Wskaźniki publikacji Cytowania Scopus = 1; Cytowania WoS = 1; Scopus SNIP (Source Normalised Impact per Paper): 2017 = 1.467; Impact Factor WoS: 2017 = 1.267 (2) - 2017=1.856 (5)
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