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A FURTHER NOTE ON THE MATHEMATICAL DERIVATION OF TFP SOURCES

International Journal of Economics, Management and Accounting

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Title A FURTHER NOTE ON THE MATHEMATICAL DERIVATION OF TFP SOURCES
 
Creator Abdullah, Naziruddin; Associate Professor, Department of Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Jalan Gombak, 53100 Kuala Lumpur (e-mail: nazirudin@hotmail.com)
 
Description The main objective of this paper is to theoretically show the major sources of TFP growth and its sub-components. First, we establish a method to link the TFP analysis with the theory of production Using the cost function, the sources of TFP growth are decomposed into scale and technological change effects. Second, from the first source of the TFP growth, namely scale effect, we further disentagle it into 3 elements, which are, effects due to output, price and technological change. To decompose the TFP growth rate, the transcendental logarithmic (translog) cost function is employed.JEL classification: C23, D24, O39Key words: Total factor productivity, decomposition analysis, translog cost function
 
Publisher Kulliyyah of Economics and Management Sciences
 
Contributor —
 
Date 2013-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/103
 
Source International Journal of Economics, Management and Accounting; Vol 12, No 2 (2004)
 
Language eng
 
Relation http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/103/86