Abstract
The interest in empirical applications of the Malmquist productivity index, proposed by Caves et al. (1982) (CCD), took off after Färe et al. (1994a) (originally circulated as a working paper in 1989) showed the relative ease with which the index could be calculated in the case of piecewise linear frontiers. The additional attraction added by Färe et al. (1994a) was to maintain inefficient operations (accommodated initially in the CCD definition, but then ruled out by assumption). Moreover, they decomposed productivity change into efficiency improvement and frontier shift in the general case of multiple outputs and inputs, generalizing the parametric single output approach in Nishimizu and Page (1982).
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Bjurek, H., Førsund, F.R., Hjalmarsson, L. (1998). Malmquist Productivity Indexes: An Empirical Comparison. In: Färe, R., Grosskopf, S., Russell, R.R. (eds) Index Numbers: Essays in Honour of Sten Malmquist. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4858-0_6
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