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- Title
Efficiency and productivity change across the economic sectors in Lithuania (2000–2010): the DEA–MULTIMOORA approach.
- Authors
Baležentis, Tomas; Misiūnas, Algimantas; Baležentis, Alvydas
- Abstract
Reasonable strategic management requires the complex assessment of the regulated area. This study, thus, presents a multi-criteria framework for frontier assessment of efficiency and productivity across the Lithuanian economic sectors throughout 2000–2010. The data envelopment analysis was employed to estimate efficiency in terms of an output indicator (value added) and input indicators (intermediate consumption, capital consumption, and remunerations). Furthermore, the decomposition of the Malmquist productivity index enabled to describe the impact of frontier shifts and catch-up effect on the overall change in efficiency. The multi-criteria decision making method MULTIMOORA aggregated different indicators of efficiency and productivity and thus resulted in the ranking of the economic sectors. The analysis suggests that services sector was the most efficient one, whereas manufacturing was second best. Certain branches of manufacturing, namely pharmaceutical, wood, food, and furniture industry, were rather efficient.
- Subjects
LITHUANIA; INDUSTRIAL efficiency; INDUSTRIAL productivity; ECONOMIC sectors; DATA envelopment analysis; STRATEGIC planning
- Publication
Technological & Economic Development of Economy, 2013, Vol 19, pS191
- ISSN
2029-4913
- Publication type
Article
- DOI
10.3846/20294913.2013.881431