Niu, Zhiyong; Zhang, Yining; Li, Tianxiang; … - In: Journal of business economics and management 22 (2021) 5, pp. 1189-1208
Total factor productivity (TFP) growth measures usually focus on a certain direction of optimization and ignore the general setting encompassing the input and output orientations simultaneously. This paper uses the generalized Luenberger-Hicks-Moorsteen (LHM) TFP indicator which is additively...