Multi-directional productivity change: MEA-Malmquist

TY - JOUR

T1 - Multi-directional productivity change

T2 - MEA-Malmquist

AU - Asmild, Mette

AU - Balezentis, Tomas

AU - Hougaard, Jens Leth

PY - 2016/12/1

Y1 - 2016/12/1

N2 - In this paper we introduce an extension of the Malmquist total factor productivity index, which utilizes the Multi-directional Efficiency Analysis approach. This enables variable-specific analysis of productivity change as well as its components (efficiency change and technical change). The new approach is illustrated and compared to the conventional Data Envelopment Analysis Malmquist approach by considering a empirical data set on Lithuanian family farms. The results highlight that important differences in variable-specific performance of the farms can be hidden when using the conventional (radial) Data Envelopment Analysis-based Malmquist index.

AB - In this paper we introduce an extension of the Malmquist total factor productivity index, which utilizes the Multi-directional Efficiency Analysis approach. This enables variable-specific analysis of productivity change as well as its components (efficiency change and technical change). The new approach is illustrated and compared to the conventional Data Envelopment Analysis Malmquist approach by considering a empirical data set on Lithuanian family farms. The results highlight that important differences in variable-specific performance of the farms can be hidden when using the conventional (radial) Data Envelopment Analysis-based Malmquist index.

U2 - 10.1007/s11123-016-0486-y

DO - 10.1007/s11123-016-0486-y

M3 - Journal article

SN - 0895-562X

VL - 46

SP - 109

EP - 119

JO - Journal of Productivity Analysis

JF - Journal of Productivity Analysis

IS - 2

ER -