MALMQUIST INDICES OF R&D PRODUCTIVITY GROWTH IN TAIWANESE IC-DESIGN INDUSTRY

Wen-Cheng Lu and Ting-Kun Liu

Global Journal of Business Research, 2010, vol. 4, issue 1, 105-114

Abstract: This article employs the Malmquist index, a data envelopment analysis-type nonparametric technique, to decompose productivity growth into technical efficiency and technological change for Taiwanese IC-design firms. The results indicate that the increase in R&D productivity is mainly attributed to the increase in technical change, and the efficiency gain found is largely the result of improvements in scale efficiency. R&D productivity growth from the panel Tobit regression empirically shows that productivity growth did occur due to an increase in the debt ratio, to the firm being small, as well as due to the firm’s superior credit rating.

Keywords: Malmquist index; Productivity growth; Technological Efficiency (search for similar items in EconPapers)
JEL-codes: C61 L63 O30 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:gjbres:v:4:y:2010:i:1:p:105-114

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