Total Factor Productivity and Convergence of Port Logistics with Tianjin Port

2014 ◽  
Vol 998-999 ◽  
pp. 1653-1656
Author(s):  
Li Ping Wang ◽  
Meng Meng Yin ◽  
Bi Xi Dong
Keyword(s):  
Total Factor Productivity ◽  
Structural Changes ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Factor Productivity ◽  
Logistics Industry ◽  
Tfp Growth ◽  
Port Logistics ◽  
The Impact ◽  
Productivity And Competitiveness

Port logistics productivity reflects the productivity and competitiveness of a country or region port logistics industry. The research took Malmquist Productivity Index as a method, and explored the reasons of Tianjin Port Logistics TFP changes by analyzing the TFP growth trends and its structural changes during 2002 to 2011. The results showed that the overall productivity is growing, especially in the period 2009-2010 that is increased by 27.4%. However, changes of productivity had some volatility, primarily due to the impact of technological change.

scholarly journals Cost Efficiency and Total Factor Productivity: An Empirical Analysis of Pakistan’s Insurance Sector

2016 ◽  
Vol 21 (1) ◽  
pp. 123-150
Author(s):  
Uzma Noreen ◽  
Shabbir Ahmad
Keyword(s):  
Total Factor Productivity ◽  
Malmquist Index ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Innovative Technology ◽  
Average Score ◽  
Factor Productivity ◽  
Tobit Regression ◽  
Insurance Sector ◽  
The Impact

This study uses data envelopment analysis and the Malmquist index to examine the impact of financial sector reforms on the efficiency and productivity of Pakistan’s insurance sector over the period 2000–09. Our results indicate that the sector is cost-inefficient, with an average score of 58 percent – an outcome of the inappropriate use of inputs. The Malmquist productivity index performs better, indicating an improvement in total factor productivity of about 3 percent on average. The second-stage Tobit regression analysis shows that large firms are relatively inefficient from an allocative perspective as they are unable to equate the marginal product of inputs with their factor prices. Furthermore, the results demonstrate that private firms are more efficient than public firms in the nonlife insurance sector. The empirical findings suggest that a more competitive environment, diversified products and innovative technology could improve the productivity of insurance firms in Pakistan.

Productivity Analysis of Coal-fired Thermal Power Plants in India Using Malmquist Index Approach

2019 ◽  
Vol 21 (6) ◽  
pp. 1338-1353
Author(s):  
Amritpal Singh Dhillon ◽  
Hardik Vachharajani
Keyword(s):  
Total Factor Productivity ◽  
Power Plants ◽  
Thermal Power ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Scale Efficiency ◽  
Productivity Change ◽  
Factor Productivity ◽  
Efficiency Change ◽  
Tfp Growth

The sustainable socio-economic growth of any country depends on the availability of adequate and reliable power at reasonable rates. This is even true in case of a rapidly developing country like India where coal-based power plants account for the majority of electricity generation. Making use of data envelopment analysis (DEA) and Malmquist productivity index (MPI), this study analyses the productivity change of coal-fired power plants during 2002–2012. Productivity change is further decomposed into technical efficiency change (EFFCH), technological change (TECHCH), scale efficiency change (SECH), pure technical change (PECH) and total factor productivity change (TFPCH). The study revealed that 0.70 per cent of average annual total factor productivity (TFP) growth was witnessed from 2002–2003 to 2011–2012 indicating overall progress. The contribution of TECHCH in TFP growth is positive, that is, 1.3 per cent per annum. It demonstrates that expansion of the efficient frontier. However, there was a decrease in technical EFFCH of −0.6 per cent per year, indicating the adverse sign of progress. Plants in the central sector achieved maximum growth of 4.6 per cent annually. A total of 54.05 per cent of plants have recorded negative TFP growth. Power plants between 500 and 999 MW achieved the highest operational performances in all indices except SECH.

scholarly journals Total Factor Productivity Change in Turkish Banking Sector During The Crisis Periods

2016 ◽  
Vol 5 (5) ◽  
pp. 1-18
Author(s):  
Ferda Keskin Önen ◽  
Hasan Eken ◽  
Suleyman Kale
Keyword(s):  
Total Factor Productivity ◽  
Financial Stability ◽  
Banking Sector ◽  
Productivity Loss ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Productivity Change ◽  
Factor Productivity ◽  
Macroeconomic Conditions ◽  
The Impact

The precondition of the increase in the efficiency of the banks depends on their ability to compete. Through the banking sector with high competitive power, economic dynamism is promoted, and economic stability is ensured. The alteration in macroeconomic conditions affects the performance of the banking sector and financial stability. This study was used the malmquist productivity index  to analyze the efficiency of 19 commercial banks operating in Turkey during the period of 1990 - 2012  for intermediation and profit approach. Banks have experienced productivity loss according to both approaches in times of crisis. The efficiency of  intermediation function in the banking sector have increased owing to the regulations made ​​under the restructuring program of the Turkish banking sector and the disinflation process. The regression analysis results reveals that the impact of credit / deposit ratio, ROA, ROE and inflation rate is positive on bank’s total factor productivity. As ROE increases, banks' total factor productivity has decreased under the intermediation approach. Increase in GDP has led to increase in bank’s technical efficiency for intermediation and profit approach.

scholarly journals Productivity Change of Microfinance Institutions in Bosnia and Herzegovina

2019 ◽  
Vol 14 (2) ◽  
pp. 23-33
Author(s):  
Velid Efendić ◽  
Nejra Hadžiahmetović
Keyword(s):  
Total Factor Productivity ◽  
Bosnia And Herzegovina ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Productivity Change ◽  
Microfinance Institutions ◽  
Factor Productivity ◽  
Strategic Objectives ◽  
Average Decrease ◽  
Recent Financial Crisis

Abstract The main aim of this paper is to investigate the productivity changes of microfinance institutions (MFIs) in Bosnia and Herzegovina (BiH) during and after the recent financial crisis. The study covers the period starting from 2008 until 2015. Using the Malmquist Productivity Index (MPI) over the sample of 10 MFIs and a balanced panel dataset of 80 observations, this study explores technical and technological change as well as total factor productivity (TFP) change. The empirical findings indicate a decline in TFP in most of the analyzed periods with an average decrease of 2.5%. The study reveals an average technological decline in the industry of 1.7%, while technical efficiency change is recorded at the level of -0.8%. Overall, crisis efficiency recovery occurred during the period between 2009 and 2013. However, due to technological inefficiencies, average total factor productivity change remains negative. Hence, policy makers need to enhance the technological progress in order to meet their strategic objectives in BiH MFIs.

scholarly journals BIASED TECHNICAL CHANGE, INTERMEDIATE GOODS, AND TOTAL FACTOR PRODUCTIVITY

2011 ◽  
Vol 16 (2) ◽  
pp. 184-203 ◽  
Author(s):  
Alessio Moro
Keyword(s):  
Total Factor Productivity ◽  
Production Function ◽  
Technical Change ◽  
Value Added ◽  
Intermediate Goods ◽  
Factor Productivity ◽  
Aggregate Production ◽  
Tfp Growth ◽  
Aggregate Production Function ◽  
The Impact

In this paper I show that the intensity at which intermediate goods are used in the production process affects aggregate total factor productivity (TFP). To do this, I construct an input–output model economy in which firms produce gross output by means of a production function in capital, labor, and intermediate goods. This production function is subject, together with the standard neutral technical change, to intermediates-biased technical change. Positive (negative) intermediates-biased technical change implies a decline (increase) in the elasticity of gross output with respect to intermediate goods. In equilibrium, this elasticity appears as an explicit part of TFP in the value added aggregate production function. In particular, when the elasticity of gross output with respect to intermediates increases, aggregate TFP declines. I use the model to quantify the impact of intermediates-biased technical change for measured TFP growth in Italy. The exercise shows that intermediates-biased technical change can account for the productivity slowdown observed in Italy from 1994 to 2004.

scholarly journals Productivity Comparation of Islamic and Conventional Banks in Indonesia

2020 ◽  
Vol 4 (1) ◽  
pp. 69
Author(s):  
Marhanum Che Mohd Salleh ◽  
Lina Nugraha Rani
Keyword(s):  
Technological Change ◽  
Total Factor Productivity ◽  
Banking Industry ◽  
Secondary Data ◽  
Financial Statements ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Islamic Banks ◽  
Factor Productivity ◽  
Conventional Banks

This study aimed to compare the productivity performance of Islamic and Conventional Banks in Indonesia with the Total Factor Productivity Index (TFPCH) indicator. The sample of this study was 14 banks consisting of 7 Islamic Banks and 7 Conventional Banks from 2011-2018. Secondary data were obtained from the annual financial statements of each sample. To measure the total factor productivity index (TFPCH), the Malmquist Productivity Index (MPI) was used as a measure of productivity. It found that the productivity of Conventional Banks was slightly superior compared to Islamic Banks, with contributions from Technical / Technological Change (TECHCH) being the most influential component in the TFPCH composition. Further, there was an indication of a technical increase in both types of banks during the period. The results of this study implied banking industry players to increase their efficiency particularly the usage of technology in providing efficient services to users.

scholarly journals Malmquist Productivity Index Approach in Assessing Performance of Commercial Banks: Evidence from Nepal

2019 ◽  
Vol 31 (2) ◽  
pp. 25-55
Author(s):  
Hari Prasad Pathak
Keyword(s):  
Total Factor Productivity ◽  
Ownership Structure ◽  
Commercial Banks ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Factor Productivity ◽  
Interest Income ◽  
Significant Difference ◽  
Constant Returns To Scale ◽  
Interest Expense

Using the DEA-based Malmquist total factor productivity index, this article measures the total factor productivity of Nepalese commercial banks during the period 2010-2011 to 2016-2017. It also examines whether the ownership structure and size of banks affect their efficiency. An input-oriented DEA model is used with aggregate panel data covering all the 28 commercial banks that are currently operating in Nepal. This article adopts constant returns to scale approach to measure and compare the efficiency and productivity of banks and to establish a benchmark for their performance. Interest expense, operating non-interest expense, deposits and labor are used as inputs variables and interest income, operating non-interest income and loan and advances as outputs variables. These data are extracted from the annual reports of the respective commercial banks. The mean efficiency score measured in terms of total factor productivity change resulted 1.008, which indicates that the efficiency level of Nepalese commercial banks has been increasing very slowly at the rate of 0.8% annually. Ownership structure of the banks influences marginally on the efficiency level of banks. The domestic private banks are relatively more efficient than the joint venture banks and the latter are comparatively more efficient than the public banks. The size of banks makes no significant difference in the efficiency level of banks.

scholarly journals Technical Efficiency and Technical Change in Africa: The Role of Money from the Diasporas

2018 ◽  
Vol 10 (7) ◽  
pp. 177
Author(s):  
Gloria Clarissa O. Dzeha ◽  
Joshua Yindenaba Abor ◽  
Festus Ebo Turkson ◽  
Elikplimi Komla Agbloyor
Keyword(s):  
Technical Efficiency ◽  
Total Factor Productivity ◽  
Technical Change ◽  
Seemingly Unrelated Regression ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Factor Productivity ◽  
Unrelated Regression ◽  
The Relationship

Based on evidence from the literature that the relationship between remittances and total factor productivity (TFP) is inconclusive, we employ the non-parametric Malmquist productivity index - Data Envelope Analysis to decompose total factor productivity (TFP) into technical change and technical efficiency and further investigate the effect of remittances on the technical change and technical efficiency. We employ the Seemingly Unrelated Regression estimation (SUR) technique in a panel of twenty-three African remittance recipient countries across a twenty-three-year period (1990-2013). We show that remittances received by households have a positive and significant impact on technical efficiency but no significant on technical change (innovativeness). We further show that remittances received by skilled labour is significant to technical efficiency but has a lowering effect on technical efficiency.

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