Parametric decomposition of the input-oriented Malmquist productivity index: with an application to Greek aquaculture
AbstractUsing a stochastic frontier approach and a tranlog input distance function, this paper implements the input-oriented Malmquist productivity index to a sample of Greek aquaculture farms. It is decomposed into the effects of technical efficiency change, scale efficiency change, input-mix and, technical change, which is further attributed to neutral, output- and input-induced shifts of the frontier. Implementable expressions for the aforementioned components are obtained using a discrete changes-approach that is consistent with the usual discrete-form data. Empirical findings indicate that the productivity of the farms in the sample increased during the period 1995-99 at a moderate rate of about two percent, and it was shaped up primarily by the input mix-effect and technical change.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Productivity Analysis.
Volume (Year): 36 (2011)
Issue (Month): 1 (August)
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Web page: http://www.springerlink.com/link.asp?id=100296
Malmquist productivity index; Stochastic input distance function; Greek aquaculture farms; C23; D24; Q22;
Other versions of this item:
- Christos Pantzios & Vangelis Tzouvelekas & Giannis Karagiannis, 2005. "Parametric Decomposition of the Input-Oriented Malmquist Productivity Index: With an Application to Greek Aquaculture," Working Papers 0518, University of Crete, Department of Economics.
- A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
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