A global cost Malmquist productivity index using data envelopment analysis
Ghasem Tohidi, Shabnam Razavyan, Simin Tohidnia
Abstract
Ghasem Tohidi, Shabnam Razavyan, Simin Tohidnia
Abstract
This paper proposes a global cost Malmquist productivity index, new cost Malmquist productivity index, that is circular and that gives a single measure of productivity change. The index is inspired by the global Malmquist productivity index as extended to productivity measurement. Decomposition of the proposed cost Malmquist productivity index is presented. Numerical results are presented for an example taken from the literature to illustrate the proposed algorithm.
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This paper proposes a global cost Malmquist productivity index, new cost Malmquist productivity index, that is circular and that gives a single measure of productivity change. The index is inspired by the global Malmquist productivity index as extended to productivity measurement. Decomposition of the proposed cost Malmquist productivity index is presented. Numerical results are presented for an example taken from the literature to illustrate the proposed algorithm.
Key concepts: Data envelopment analysis, Productivity, Index (typography), Malmquist index, Econometrics, Productivity model, Economics, Total factor productivity