Productivity change in the efficiency of the insurance and Takaful industry of Pakistan
This paper will use the Malmquist Productivity Index (MPI) synchronized with the inputoriented Data Envelopment Approach to evaluating the productivity change for the insurance and takaful industry of Pakistan for the period of 2008 to 2016. Total factor productivity (TFP) change for the industry...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Allied Business Academies
2018
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/24767/1/IAFSJ%2022%20S1%202018%201%2011.pdf |
| _version_ | 1825805161639968768 |
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| author | Taib, Che Azlan Ashraf, Muhammad Saleem Ahmad Razimi, Mohd Shahril |
| author_facet | Taib, Che Azlan Ashraf, Muhammad Saleem Ahmad Razimi, Mohd Shahril |
| author_sort | Taib, Che Azlan |
| collection | UUM |
| description | This paper will use the Malmquist Productivity Index (MPI) synchronized with the inputoriented
Data Envelopment Approach to evaluating the productivity change for the insurance
and takaful industry of Pakistan for the period of 2008 to 2016. Total factor productivity (TFP)
change for the industry is measured and then it is decomposed into Technical efficiency change
and technological change to measure the reason for the productivity change. The results of the
study reveal that overall insurance industry in Pakistan was enjoying the increase in the total
factor productivity during the above mentioned period. Change in factor productivity for the
takaful companies was better than insurance firms. Therefore, pure technical efficiency and
scale efficiency made takaful operators more productive comparative to the conventional
insurers. |
| first_indexed | 2024-07-04T06:27:18Z |
| format | Article |
| id | uum-24767 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:27:18Z |
| publishDate | 2018 |
| publisher | Allied Business Academies |
| record_format | eprints |
| spelling | uum-247672020-11-02T01:33:39Z https://repo.uum.edu.my/id/eprint/24767/ Productivity change in the efficiency of the insurance and Takaful industry of Pakistan Taib, Che Azlan Ashraf, Muhammad Saleem Ahmad Razimi, Mohd Shahril HD28 Management. Industrial Management This paper will use the Malmquist Productivity Index (MPI) synchronized with the inputoriented Data Envelopment Approach to evaluating the productivity change for the insurance and takaful industry of Pakistan for the period of 2008 to 2016. Total factor productivity (TFP) change for the industry is measured and then it is decomposed into Technical efficiency change and technological change to measure the reason for the productivity change. The results of the study reveal that overall insurance industry in Pakistan was enjoying the increase in the total factor productivity during the above mentioned period. Change in factor productivity for the takaful companies was better than insurance firms. Therefore, pure technical efficiency and scale efficiency made takaful operators more productive comparative to the conventional insurers. Allied Business Academies 2018 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/24767/1/IAFSJ%2022%20S1%202018%201%2011.pdf Taib, Che Azlan and Ashraf, Muhammad Saleem and Ahmad Razimi, Mohd Shahril (2018) Productivity change in the efficiency of the insurance and Takaful industry of Pakistan. Academy of Accounting and Financial Studies Journal (AAFSJ), 22 (SI). pp. 1-11. ISSN 1096-3685 https://www.abacademies.org/articles/productivity-change-in-the-efficiency-of-the-insurance-and-takaful-industry-of-pakistan-7069.html |
| spellingShingle | HD28 Management. Industrial Management Taib, Che Azlan Ashraf, Muhammad Saleem Ahmad Razimi, Mohd Shahril Productivity change in the efficiency of the insurance and Takaful industry of Pakistan |
| title | Productivity change in the efficiency of the insurance and Takaful industry of Pakistan |
| title_full | Productivity change in the efficiency of the insurance and Takaful industry of Pakistan |
| title_fullStr | Productivity change in the efficiency of the insurance and Takaful industry of Pakistan |
| title_full_unstemmed | Productivity change in the efficiency of the insurance and Takaful industry of Pakistan |
| title_short | Productivity change in the efficiency of the insurance and Takaful industry of Pakistan |
| title_sort | productivity change in the efficiency of the insurance and takaful industry of pakistan |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/24767/1/IAFSJ%2022%20S1%202018%201%2011.pdf |
| work_keys_str_mv | AT taibcheazlan productivitychangeintheefficiencyoftheinsuranceandtakafulindustryofpakistan AT ashrafmuhammadsaleem productivitychangeintheefficiencyoftheinsuranceandtakafulindustryofpakistan AT ahmadrazimimohdshahril productivitychangeintheefficiencyoftheinsuranceandtakafulindustryofpakistan |