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Productivity and Efficiency Performance of the Malaysian Life Insurance Industry

Author

Listed:
  • Mansor, Shazali

    (Faculty of Business Management Universiti Malaysia Sarawak 94300 Kota Samarahan Sarawak)

  • radam, alias

    (Faculty of Economics and Management Univcrsiti Putra Malaysia 43400 Serdang Selangor Darul Ehsan)

Abstract

This study attempts to measure the productivity of Ihe life insurance industry by employing the non-parametric Malmquist Index approach. The finding shows that despite the productivity growth in the insurance industry, it is relatively low compared to the real economic growth experienced by Malaysia. Like the manufacturing sector, the future growth of this industry would depend on its ability to compete effciently. Being able to provide servis in an efficient way would be an important source of comparative advantage under the era of globalization The results also suggest that both technical efficiency and technical progress Contribute to the overall productivity growth of lhe industry.

Suggested Citation

  • Mansor, Shazali & radam, alias, 2000. "Productivity and Efficiency Performance of the Malaysian Life Insurance Industry," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 34, pages 93-105.
    • Handle: RePEc:ukm:jlekon:v:34:y:2000:i::p:93-105
    as

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    References listed on IDEAS

    as
    1. Caves, Douglas W & Christensen, Laurits R & Diewert, W Erwin, 1982. "The Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica, Econometric Society, vol. 50(6), pages 1393-1414, November.
    2. Seiford, Lawrence M. & Thrall, Robert M., 1990. "Recent developments in DEA : The mathematical programming approach to frontier analysis," Journal of Econometrics, Elsevier, vol. 46(1-2), pages 7-38.
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