Future Business Journal

Table 5 Malmquist productivity index decompositions

From: Do Islamic versus conventional banks progress or regress in productivity level?

Year	INDICES
Year	TFPCH	TECHCH	EFFCH	PTECH	SECH
Panel A: All banks
2007	1.000	1.000	1.000	1.000	1.000
2008	0.973	0.743	1.309	1.239	1.056
2009	0.831	0.818	1.017	0.923	1.102
2010	0.874	0.987	0.885	0.940	0.942
2011	0.995	0.900	1.104	1.034	1.068
2012	0.924	0.977	0.946	0.949	0.997
2013	0.989	0.998	0.992	1.010	0.981
2014	0.841	0.877	0.958	0.874	1.096
2015	0.888	0.935	0.951	0.910	1.044
2016	0.926	0.968	0.957	0.968	1.008
2017	0.641	0.616	1.040	1.056	0.985
Geometric mean	0.848	0.866	0.979	0.957	1.023
Panel B: Conventional banks
2007	1.000	1.000	1.000	1.000	1.000
2008	0.952	0.732	1.301	1.233	1.054
2009	0.832	0.825	1.009	0.917	1.099
2010	0.905	0.993	0.912	0.960	0.949
2011	1.009	0.901	1.119	1.052	1.064
2012	0.911	0.983	0.927	0.936	0.990
2013	0.981	0.987	0.994	1.019	0.975
2014	0.848	0.875	0.969	0.878	1.104
2015	0.917	0.954	0.961	0.942	1.021
2016	0.859	0.961	0.894	0.889	1.005
2017	0.648	0.597	1.086	1.097	0.989
Geometric mean	0.853	0.879	0.970	0.957	1.014
Panel C: Islamic banks
2007	1.000	1.000	1.000	1.000	1.000
2008	1.128	0.826	1.364	1.278	1.068
2009	0.829	0.769	1.077	0.964	1.117
2010	0.765	0.866	0.884	0.891	0.992
2011	0.924	0.899	1.025	0.943	1.089
2012	0.995	0.945	1.053	1.022	1.031
2013	1.032	1.049	0.982	0.972	1.012
2014	0.808	0.890	0.908	0.856	1.059
2015	0.763	0.848	0.899	0.773	1.164
2016	1.361	1.005	1.354	1.326	1.021
2017	0.607	0.721	0.843	0.875	0.963
Geometric mean	0.888	0.890	0.998	0.960	1.039

The table presents the geometric mean of the bias-corrected bootstrap total factor productivity change (TFPCH) index and its mutually exhaustive components of technical change (TECHCH) and efficiency change (EFFCH) that is further decomposed into pure technical efficiency change (PTECH) and scale efficiency change (SECH)

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