A Total Factor Productivity Toolbox for MATLAB
Total Factor Productivity Toolbox is a new package for MATLAB that includes functions to calculate the main Total Factor Productivity (TFP) indices and their decompositions, based on Shephard’s distance functions and using Data Envelopment Analysis (DEA) programming techniques. The package includes code for the standard Malmquist, Moorsteen-Bjurek, price-weighted and share-weighted TFP indices, allowing for the choice of orientation (input or output), reference period (base, comparison, geometric mean), re- turns to scale (variable or constant), and specific decompositions (aggregate or identifying scale effects as well as input and output mix effects). Classic definitions of TFP corresponding to the Laspeyres, Paasche, Fisher, or Törnqvist formulas can also be calculated as particular cases. This paper describes the methodology and implementation of the functions and reports numerical results so as to ease the comparison between indices and illustrate their use.
|Keywords||Total factor productivity, Malmquist, Moorsteen-Bjurek, Fisher, Törnqvist, distance function, data envelopment analysis, MATLAB|
|Series||ERIM Report Series Research in Management|
|Journal||ERIM report series research in management Erasmus Research Institute of Management|
Balk, B.M, Barbero, J, & Zofío, J.L. (2018). A Total Factor Productivity Toolbox for MATLAB (No. ERS-2018-004-LIS). ERIM report series research in management Erasmus Research Institute of Management. Retrieved from http://hdl.handle.net/1765/104722