Working Paper
TFP Growth, Change in Efficiency, and Technological Progress in the U.S. Airline Industry: 1970 to 1981
An overview of the airline industry’s early adaptations to deregulation using a best-practice cost function approach; measures cost efficiency and changes in total factor productivity growth for airlines in the 1970s and early 1980s and discusses how these findings relate to individual airline performance.
Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.
Suggested Citation
Bauer, Paul. 1988. “TFP Growth, Change in Efficiency, and Technological Progress in the U.S. Airline Industry: 1970 to 1981.” Federal Reserve Bank of Cleveland, Working Paper No. 88-04.
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