Title: Analysis of Total Factor Productivity of China's Health Industry
Abstract: Based on the panel data of 48 listed companies of China Health Industry from 2010 to 2014 and premise of variable returns to scale,the paper analyses the total factor productivity of major health industry in recent years using the generalized method of Malmquist index. The results show that,during the entire sample period,in addition to the health services industry,the average rate of total factor productivity of other sub- sectors is declining,mostly influenced by the improved technical efficiency and scale efficiency index alternately; there is heterogeneity within the industry in total factor productivity and its source decompose; the biggest difference between the degree of heterogeneity within the industry is the improved technical efficiency,and biggest volatility is the technological change.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: article
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