Feng, Guohua; Serletis, Apostolos - In: Journal of Econometrics 183 (2014) 1, pp. 135-146
indexes–the radial-output-distance-function-based Feng and Serletis (2010) productivity index–using aggregate data on 15 OECD … distance function with respect to a time trend and referred to as the Divisia–Luenberger productivity index. We also … presence of undesirable outputs. The new productivity index is derived by total differentiation of the directional output …