On some relations between a continuous time Luenberger productivity indicator and the Solow model

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)
2 Downloads (Pure)

Abstract

We introduce well-known microeconomics productivity measures in Solow models in discrete time or continuous time by adopting a Luenberger-type approach. In each framework, we derive the productivity indicators and the dynamical paths. Firstly, we show that the expression of the productivity indicators are similar to the well-known Solow residuals, allowing us to make ananalogy between a firm's behaviour in a microeconomic setting and a country's behaviour in a macroeconomic setting. Secondly, we demonstrate that the properties of the paths are similar in both frameworks
Original languageEnglish
JournalBulletin of Economic Research
VolumeEarly View
Early online date23 Jul 2021
DOIs
Publication statusE-pub ahead of print - 23 Jul 2021

Keywords

  • Technical efficiency
  • Technological progress
  • Directional distance function
  • Proportional distance

Fingerprint

Dive into the research topics of 'On some relations between a continuous time Luenberger productivity indicator and the Solow model'. Together they form a unique fingerprint.

Cite this