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Productivity change in the efficiency of the insurance and Takaful industry of Pakistan


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

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: Insurance, Takaful, Pakistan Industry
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: School of Technology Management & Logistics
Depositing User: Mrs. Norazmilah Yaakub
Date Deposited: 19 Sep 2018 07:59
Last Modified: 02 Nov 2020 01:33
URI: http://repo.uum.edu.my/id/eprint/24767

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