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Malmquist productivity indices and plant capacity utilisation: new proposals and empirical application
Kristiaan Kerstens1, Jafar Sadeghi2,3, Ignace Van de Woestyne4
1Univ. Lille, CNRS, IESEG School of Management, UMR 9221 - LEM - Lille Économie Management, Lille, F-59000 France.
Abstract:
The purpose of this contribution is to compute the popular Malmquist productivity index while adding a component representing plant capacity utilisation. In particular, this is-to the best of our knowledge-the first empirical application estimating both input- and output-oriented Malmquist productivity indices in conjunction with the corresponding input- and output-oriented plant capacity utilisation measures. Our empirical application focuses on a provincial data set of tourism activities in China over the period 2008-2016. The results contain the output- and input-oriented Malmquist productivity indices, some Spearman rank correlations between both, a t-test whether these indices differ from unity, and some bootstrapping analysis.
Supplementary Information:
The online version contains supplementary material available at 10.1007/s10479-022-04771-8.
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