• The Journal of Asian Finance, Economics and Business
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• v.6 no.1
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• pp.241-248
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• 2019

The purpose of this study is to investigate empirical evidences of productivity of life insurance institutions in Malaysia. Therefore, this study attempts to explore the productivity of the life insurance institutions in Malaysia. The overall findings show that the total factor productivity (TFP) has progressed by 2.5% per year during the study period from 2012 to 2016 in the Malaysian insurance industry. However, TFP change has declined from 2012 to 2015 and observed a negative growth in 2015-16 (3.3%). The highest productivity progress was documented during 2012-13 at a rate of 11.7% while the minimum productivity progress was during 2014-15 (only 0.2%). The results also indicate that the decomposition of TFP found that overall progress could mainly be attributed to technological change (TC). However, technical efficiency change (TEC) and pure technical efficiency change (PTE) have negative impact on TFP. The findings also show that most of the insurance companies have a steady growth. Therefore, this study will contribute new insights for the policy makers and insurance institutions to take appropriate steps in developing relevant policies for increasing productivity of insurance institutions in Malaysia.

• International journal of advanced smart convergence
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• v.10 no.1
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• pp.24-37
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• 2021

China's "One Belt and One Road" initiative has brought multiple opportunities to the development of tourism in Guangdong, Guangxi and Hainan provinces and the implementation of the Beibu Gulf Urban Agglomeration Development Plan hasset clear goalsforfurther accelerating the coordinated development, in-depth cooperation of the three. This study takes the Beibu Gulf Urban Agglomeration as the research object and utilized the data envelopment analysis (DEA) procedure to estimate the technical efficiency, pure technical efficiency, and scale efficiency scores for each city and Malmquist index was subsequently used to analyze dynamically, then tries to offer an adequate inclusion of sustainable factors in overall tourism development efficiency results through the detection and estimation of potential sources of efficiency. In order to complete the task, data collection was focused on Guangdong, Guangxi and Hainan provinces of China over the period from 2016 to 2018. The results in the first phase show relatively high efficiency scores, particularly in the case of the Beibu Gulf Urban Agglomeration and with room for improvement in the case of other cities of Guangdong, Guangxi and Hainan provinces. The second stage results present several aspects that should be carefully considered in order to analysis tourism efficiency of the Beibu Gulf Urban Agglomerations vertically according to the changes of the frontier.

• Korean Journal of Organic Agriculture
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• v.30 no.4
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• pp.499-516
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• 2022

Blueberry producers' management is failing as a result of the price decline caused by an increase in blueberry imports and the accompanying deterioration in management. Consequently, an endeavor was undertaken to verify the measurement and impact from the standpoint of efficiency and productivity of blueberry management, and to offer an indication of management improvement through analysis. Using the Rural Development Administration's income survey data, the data for twenty-four blueberry farms was analyzed. First, the management effectiveness of blueberry cultivators was evaluated. Using the CCR model (0.7297) and the BCC model (08148), the efficiency of a farm was examined. When the efficiency is one, CCR is ten and BCC is fifteen, and in overall, it was found to be ineffective, the efficiency declined from 2018 to 2019, but climbed again in 2020, according to the annual analysis. The MPI index was then used to examine productivity. T2's MPI index was 1.3338, whereas T3's MPI index was 0.8896, demonstrating a considerable decline in TC. This indicates that technological progress is not being accomplished, necessitating the need for countermeasures. In order to improve the management efficiency of blueberry producers, it is necessary to reduce costs and improve receivable prices through producer organization, and to actively introduce new technologies.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.355-364
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• 2022

The effect of technological innovation on the high-quality development of the producer services industry depends on whether or not technical innovation efficiency plays a key role. This study looks at the impact of technological innovation and financial technology (fintech) on the development of high-quality producer services in Fujian Province from 2010 to 2019. The efficiency of technological innovation is measured using Data Envelopment Analysis (DEA) and the Malmquist productivity index. The mean overall innovation efficiency score is 0.639, meaning that Fujian accounts for 36.1% of resource utilization inefficiencies and that there are significant differences in technological innovation efficiency between cities. The findings show that high-quality producer services industries benefited from innovation efficiency, but that the influence of technological innovation efficiency is insignificant. This demonstrates that financial innovation has not been able to completely enhance the development level of the producer services industry. This may be due to the unreasonable output structure of technological innovation and the low industrial transformation rate of technological achievements. This study advocates that the R&D fund allocation structure be optimized. That technological innovation can improve the high-quality development of the producer services industry is a consensus within the academic community.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.315-320
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• 2013

The aim of this study is to compare efficiency and Total Factor Productivity(TFP) between Korean and Japanese construction firms in Korea and Japan over the period of 2005-2011. The results of this study are as follows. Efficiency scores of Korean construction firms are 0.797, and Japanese construction firms are 0.921. Second, annual total factor productivity growth of Korean construction firms is 0.5% and technical progress do much for TFP decrease. However Japanese construction firms marked annual increasing of 2.5% of TFP. Third, technical progress contributed in TFP increase of construction firms in Korea. Korean construction firms, however, relatively lagged behind Japanese construction firms in technical progress. Therefore, Korean construction firms need strategies to achieve technical advances including adopting new technology or process innovation to maintain competitiveness, survive, and develop in the future competition with Japan.

• Journal of the Economic Geographical Society of Korea
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• v.9 no.2
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• pp.181-196
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• 2006

This study analyzed the inter-regional productivity performance of Southeast region of Korea, namely, Busan, Daegu, Ulsan, Gyeongbuk, and Gyeongnam for 16 service sectors, which are categorized by two groups, knowledge based service (5 sectors) and non-knowledge based one (11 sectors) for the period of 1997-2004. This study applied the method of Malmquist productivity change index(MPI) to the estimation of spatial productivity. According to the estimation results, firstly, the MPI of service sector has been deteriorated by annually 0.1% on average. However, when we divided the period into 1997-2000 and 2001-2004, the productivity performances of the second period was better than that of the first period, which are the same trend in knowledge based and non-knowledge based service sectors. Secondly, comparing productivity performances by region and sector during the whole period, Daegu has seven sectors which are relatively comparative advantage. and Ulsan and Busan have six and five sectors, respectively, which are relatively comparative advantage.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.4
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• pp.125-136
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• 2016

The external R&D, which includes the adoption of the external technology and knowledge in addition to the internal R&D, is one of important factors for the innovation. Especially for small and medium-sized enterprises (SMEs), the external R&D has been considered as a key factor to carry out the innovation more efficiently due to the limitations of their resources and capacities. However, most of extant studies related to external R&D have focused on analyzing the influence of external R&D on innovation outputs or outcomes. Only a few studies have explored the impact of external R&D on the innovation efficiency. This study therefore investigates whether the external R&D effects the industry's innovation efficiency and productivity. On this study, we used Korean manufacturing industry data of SMEs from 2012 to 2014 and employed a global Malmquist productivity analysis technique, which is based on the Data Envelopment Analysis (DEA), to assess the innovation efficiency and productivity. Innovation performances of external R&D group and internal R&D group are compared. Then, the sectoral patterns of both innovation efficiency and productivity are analyzed with respect to the technological intensity, which is introduced by OECD. The results show that the gap of innovation efficiency between external and internal R&D groups has gradually decreased because of the continuous improvement of the external R&D group's performance, while the external R&D group lag behind the internal R&D group. In addition, patterns of the innovation efficiency and productivity change were different depending on the technological intensity, which means that the higher the technological intensity, the greater the effect of external R&D.

• Journal of Korean Society of Transportation
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• v.23 no.7 s.85
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• pp.53-61
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• 2005

The Seoul City Government recently reformed the entire public transport system in an effort to prevent further deterioration in urban bus system's performance and service level. To analyze into impact on the productivity of Seoul's urban bus firms, this paper measures firm-level technical efficiency and productivity change with data envelopment analysis and Malmquist index approach. The paper then conceptualizes that these forms produce three kinds of output (bus-kilometers, passengers, or bus-kilometers and passengers) using five inputs (driver, maintenance, management, vehicle and fuel). The findings show that most (over one half) firms experienced a decline (an improvement) in productivity in the case of specifying only bus-kilometers (passengers) as output. As a result, it is discovered that an average firm had no change in productivity in the case of combining bus-kilometers and passengers as output. This is because the efficiency of an average firm declined due to increase in employees per bus and to an decrease in kilometers per bus. while its effectiveness improved due to an increase in passengers per bus which was caused by an increase in routes and a change in fare structure.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.13 no.4
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• pp.58-75
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• 2005

본 연구는 국적항공사를 포함하여 지난 1998${\sim}$2001년까지 세계 주요 항공사들의 생산성의 변화 추이가 어떻게 전개되었고, 어떤 요인에 의해 영향을 받았는지를 분석하였다. 특히, 1997년 금융위기 이후 생산성의 변화에 주안점을 두었다. 추정결과, 우선 세계 주요 항공사들은 1998${\sim}$2001년 기간 동안 약 0.3%의 생산성 하락을 기록하였고, 이러한 생산성의 변화는 생산 프론티어에 비해 0.9% 악화된 반면, 산출물을 생산하는 기술 수준은 0.6% 확대된 것으로 분석되었다. 다음으로, 항공사의 '유상톤키로미터' 기준에 의한 규모별 생산성 증가율은 소형규모(group1)와 대형규모(group6)에 속한 항공사들에서 각각 3.5%, 2.1% 하락한 것으로 나타났다. 반면, 중형사들은 생산성의 증가가 이루어진 것으로 제시되었다. 또한, 기간별로는 1997년 금융위기 이후 1998년과 1999년은 각각 1.5%, 0.2%의 생산성 하락을 보였다가, 2000년은 1.7% 생산성이 다소 향상되었으며, 2001년 다시 1.2%의 생산성 하락을 보이고 있다. 마지막으로 항공사별로는 동 기간 동안 아시아지역 항공사들(AAR, SIA, ANA 등)은 생산상 향상을 가져온 반면, 미국 항공사들(UAL, AAL 등)은 생산성 하락을 가져온 것을 알 수 있다. 국적항공사의 경우에는 KAL은 1998${\sim}$1999년 기간 동안은 생산성 하락을 가져왔으나, 2000${\sim}$2001년은 큰 폭의 생산성 향상을 가져왔다. AAR은 1998년 생산성 하락이 이루어진 이후 1999년부터는 높은 생산성 향상이 이루어졌다.

• The Journal of the Korea Contents Association
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• v.11 no.12
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• pp.403-412
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• 2011

The execution of capital market law causes severe competition by promoting restructuring of financial industry. This study analyze efficiency and productivity change of the Korean Non-Life Insurance industry between pre-execution and pre-execution of capital market law using DEA model and Malmquist Index. Additionally, this study finds determinants of efficiency using tobit regression. The main results of this study can by summarized as follows. First, the efficiency with post-execution was increased comparing with pre-execution of capital market law significantly. Second, the productivity with post-execution was increased comparing with pre-execution of capital market law significantly. Third, significant determinants of technical efficiency and pure technical efficiency are weight of life planner. operation rate of assets respectively. And significant determinant of scale efficiency are firm size, operation rate of assets, weight of life planner.