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  • Estimation of TFPG

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    Rohit Singh
    18 Ansichten3 Seiten
    The document discusses different approaches for measuring total factor productivity growth (TFPG). It outlines frontier and non-frontier approaches, and parametric and non-parametric estimation techniques within those approaches. It also discusses issues in measuring inputs and outputs for TFPG, such as data limitations, measurement errors, and choices around valuation methods. Selection of the appropriate measurement method involves consideration of issues like sample size, data noise, outliers, and collinearity among inputs.

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    Estimation & Measurment

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    The document discusses different approaches for measuring total factor productivity growth (TFPG). It outlines frontier and non-frontier approaches, and parametric and non-parametric estimation techniques within those approaches. It also discusses issues in measuring inputs and outputs for TFPG, such as data limitations, measurement errors, and choices around valuation methods. Selection of the appropriate measurement method involves consideration of issues like sample size, data noise, outliers, and collinearity among inputs.

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    18 Ansichten3 Seiten

    Estimation of TFPG

    Hochgeladen von

    Rohit Singh
    The document discusses different approaches for measuring total factor productivity growth (TFPG). It outlines frontier and non-frontier approaches, and parametric and non-parametric estimation techniques within those approaches. It also discusses issues in measuring inputs and outputs for TFPG, such as data limitations, measurement errors, and choices around valuation methods. Selection of the appropriate measurement method involves consideration of issues like sample size, data noise, outliers, and collinearity among inputs.

    Copyright:

    © All Rights Reserved
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    von 3

    ESTIMATES OF TFPG

    Measurement Approaches &


    Estimation of TFPG

    Submitted by:
    )
    DIFFERENT APPROACHES

    Measuring TFPG

    FRONTIER APPROACH NON- FRONTIER APPROACH


    - Focuses on industry or firm’s behavior - Focusses on sectoral or industry
    level analysis
    - Identifies the role of technical efficiency in overall
    -Assumes that firms are technically
    firm performance efficient.

    NON PARAMETRIC
    PARAMETRIC NON PARAMETRIC PARAMETRIC ESTIMATION SEMI PARAMETRIC
    ESTIMATION ESTIMATION ESTIMATION ESTIMATION
    -

    PARAMETER FREE AND DOES


    NOT ASSUME ANY
    ECONOMETRIC TECHNIQUE
    FUNCTIONAL FORM.
    ESTIMATION OF TFPG

    ISSUES IN MEASURING OUTPUT


    MEASURING TFPG
    -VALUE ADDED METHOD
    - DATA NOT AVAILABLE IN - Single deflation (SD) method
    REQUIRED FORM
    - Double deflation (DD) method
    - MEASUREMENT ERRORS IN - GROSS OUTPUT METHOD.
    ORIGIAN DATA
    - CHOICE OF MEASUREMENT
    MEASUREMENT ISSUE
    METHOD
    - Product mix
    – Newer ouput
    - Quality

    METHOD SELECTION
    MEASURING INPUT ISSUES
    MEASUREMENT OF LABOUR
    - Number of hours worked based on
    - Number of workers employed - INPUT TO OUTPUT GROWTH
    MEASUREMENT OF CAPITAL - SAMPLE SIZE
    - Book Value - NOISE IN INPUT DATA
    - Perpetual inventory - OUTLIERS
    - Flow of capital - HIGH COLLINEARITY AMONG
    INPUTS

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