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| Author: | Maniadakis, N. Thanassoulis, E. |
| Title: | A cost Malmquist productivity index |
| Journal: | European Journal of Operational Research
2004 : APR, VOL. 154:2, p. 396-409 |
| Index terms: | Data envelopment analysis Productivity Efficiency Hospitals Greece |
| Language: | eng |
| Abstract: | This paper develops a productivity index applicable when producers are cost minimisers and input prices are known. The index is inspired by the Malmquist index as extended to productivity measurement. The index developed here is defined in terms of input cost rather than input quantity distance functions. Hence, productivity change is decomposed into overall efficiency and cost technical change. Furthermore, overall efficiency change is decomposed into technical and allocative efficiency change and cost technical change into a part capturing shifts of input quantities and shifts of relative input prices. These decompositions provide a clearer picture of the root sources of productivity change and are illustrated here in a sample of hospitals. |
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