Total Factor Productivity in Passenger Vehicles in Automobile Sector: A Malmquist Index & Data Envelopment Analysis (DEA) Approach

Abstract

This study attempts to measure productivity change of passenger vehicles in the automobile sector for the period of five years. In this study the nature of efficiency and productivity change is probed through the Malmquist Productivity Index (MPI). The Malmquist productivity index has the constituents which are used in performance measurement; viz. change in scale efficiency, changes in technical efficiency, change in pure technical efficiency, change in technological change and total factor productivity.