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Apart from the well-known weaknesses of the standard Malmquist productivity index related to infeasibility and not accounting for slacks, already addressed in the literature, we identify a new and significant drawback of the Malmquist-Luenberger index decomposition that questions its validity as...
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Apart from the well-known weaknesses of the standard Malmquist productivity index related to infeasibility and not accounting for slacks, already addressed in the literature, we identify a new and significant drawback of the Malmquist–Luenberger index decomposition that questions its validity...
Persistent link: https://www.econbiz.de/10010666131
We analyze the efficiency and productivity growth of a representative sample of Portuguese hospitals from 1997 to 2004 … change. The results show that, on average, Portuguese hospitals did not experience productivity growth during the period … analyzed. In addition, the incidence of positive productivity growth across Portuguese hospitals was remarkably low. …
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Total factor productivity (TFP) growth measures usually focus on a certain direction of optimization and ignore the general setting encompassing the input and output orientations simultaneously. This paper uses the generalized Luenberger-Hicks-Moorsteen (LHM) TFP indicator which is additively...
Persistent link: https://www.econbiz.de/10013256582