ABSTRACT

This paper presents some evidence regarding total factor productivity (TFP) growth variations in the Greek lignite mining through a Cobb-Douglas production model. The model is developed and estimated in order to examine the extent to which the variations of productivity growth can be attributed to changes in output and the two major production factors: labor and capital. TFP productivity change is also compared with other partial productivity indices (e.g. labor productivity, capital productivity). The construction of partial and multifactor (i.e. TFP) productivity indices at the sectoral level provides the necessary elements for performance (productivity) evaluation and productivity planning at the mine level.