Article,
Multi-directional productivity change: MEA-Malmquist
Contributors
Asmild M.
0000-0002-7272-1048
(Corresponding author)
[1]
Hougaard J.L.
0000-0002-2910-5741
[1]
[2]
Affiliations
- [1] University of Copenhagen [NORA names: KU University of Copenhagen; University; Denmark; Europe, EU; Nordic; OECD];
- [2] Lithuanian Institute of Agrarian Economics [NORA names: Lithuania; Europe, EU; OECD]
Abstract
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.
Keywords
Agricultural efficiency,
Malmquist TFP index,
Multi-directional efficiency analysis,
Total factor productivity
