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A decomposition of the total productivity factor into technical progress and technological efficiency – methodological possibilities
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Title: A decomposition of the total productivity factor into technical progress and technological efficiency – methodological possibilities

Creator:

Trivić, Nada ; Todić, Bojana

Description:

Argumenta Oeconomica, 2022, Nr 2 (49), s. 59-70

Abstrakt:

Total productivity as the basis for measuring economic efficiency is the initial presumption of this paper, and it is derived from the fact that it has a multiple importance of growing productivity, as an expression of production efficiency. The complex phenomenon of total productivity of factors is sometimes approached too simplistically, and even incorrectly. Productivity is treated as an isolated phenomenon, regardless of the numerous and various factors that condition it and the effects it has on other economic categories. The basis of the theoretical-methodological approach proposed in this paper, was the transcendental logarithmic production function (translog), as a clear interdependence between the maximum output vector and the production factor vector. The paper discusses the methodological basis for decomposition of total productivity growth on technical progress and technological efficiency, and a specification of the deterministic marginal production function. Adequate decomposition enables the more precise identification of the causes of lags in productivity growth. The results of the empirical analysis, through appropriate categorisation, are useful in conducting economic policy because they indicate the direction of activities with the aim of increasing total productivity.

Publisher:

Publishing House of Wroclaw University of Economics and Business

Place of publication:

Wroclaw

Date:

2022

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2022.2.03 ; oai:dbc.wroc.pl:118464

Language:

eng

Relation:

Argumenta Oeconomica, 2022, Nr 2 (49)

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Argumenta Oeconomica

Subject and keywords:

efficiency total productivity translog production function technical progress decomposition

Object collections:

Last modified:

Apr 17, 2024

In our library since:

Nov 21, 2022

Number of object content hits:

224

All available object's versions:

https://www.dbc.wroc.pl/publication/156540

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Edition name Date
A decomposition of the total productivity factor into technical progress and technological efficiency – methodological possibilities Apr 17, 2024

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