Search Results (509)

Improving water resource green efficiency is an important approach to alleviating the contradiction between water supply and demand. This paper takes Shaanxi Province as the study area and constructs a panel dataset using data from 10 prefecture-level cities in Shaanxi Province from 2013 to 2023. First, the SBM model and Malmquist index are used to calculate and analyze the green efficiency of water resources in Shaanxi Province. Second, the Tobit model is used to test the factors influencing the green efficiency of water resources in Shaanxi Province. The results show the following: (1) During the period from 2013 to 2023, Shaanxi Province’s water resource green efficiency was generally poor, but it showed an overall upward trend with significant regional differences. (2) The average Malmquist index for water resource green efficiency in Shaanxi Province from 2013 to 2023 was 1.176, and there was a noticeable lag in the conversion between technological innovation and its practical application in Shaanxi Province. (3) The proportion of the secondary industry and per capita water resources had a significant impact on water resource green efficiency in Shaanxi Province. Full article

This study evaluates the eco-efficiency and eco-productivity of 141 countries using data-driven analytical frameworks over the period 2018–2023, covering the pre-COVID, COVID, and post-COVID phases. We employ an input-oriented Slack-Based Measure Data Envelopment Analysis (SBM-DEA) under variable returns to scale (VRS), combined with the Malmquist Productivity Index (MPI), to assess both static and dynamic performance. The analysis incorporates three inputs—labor force, gross fixed capital formation, and energy consumption—one desirable output (gross domestic product, GDP), and one undesirable output (CO₂ emissions). Eco-efficiency (the joint performance of energy and carbon efficiency) and eco-productivity (labor and capital efficiency) are evaluated to capture complementary dimensions of sustainable performance. The results reveal significant but temporary gains in eco-efficiency during the peak pandemic years (2020–2021), followed by widespread post-crisis reversals, particularly in labor productivity, energy efficiency, and CO₂ emission efficiency. These reversals were often linked to institutional and structural barriers, such as rigid labor markets and outdated infrastructure, which limited the translation of technological progress into operational efficiency. The MPI decomposition indicates that, while technological change improved in many countries, efficiency change declined, leading to overall stagnation or regression in eco-productivity for most economies. Regression analysis shows that targeted policy stringency in 2022 was positively associated with eco-productivity, whereas broader restrictions in 2020–2021 were less effective. We conclude with differentiated policy recommendations, emphasizing green technology transfer and institutional capacity building for lower-income countries, and the integration of carbon pricing and innovation incentives for high-income economies. Full article

Corporate failure prediction remains a major topic in the literature. Numerous methodologies have been established for its assessment, while data envelopment analysis (DEA) has received particular attention. This study contributes to the literature, establishing a new approach in the construction process of prediction models based on the combination of logistic LASSO and an advanced version of data envelopment analysis (DEA). We adopt the modified slacks-based super-efficiency measure (modified super-SBM-DEA), following the “Worst practice frontier” approach, and focus on the selection process of predictive variables, implementing the logistic LASSO regression. A balanced sample with one-to-one matching between forty-five firms that filed for reorganization under U.S. bankruptcy law during the period 2014–2020 and forty-five non-failed firms of a similar size from the U.S. energy economic sector has been used for the empirical analysis. The proposed methodology offers superior results in terms of corporate failure prediction accuracy. For the dynamic assessment of failure, Malmquist DEA has been implemented during the five fiscal years prior to the event of failure, offering insights into financial distress before the event of a default. The model outperforms alternatives by achieving higher overall prediction accuracy (85.6%), the better identification of failed firms (91.1%), and the improved classification of non-failed firms (80%). Compared to prior DEA-based models, it demonstrates superior predictive performance with lower Type I and Type II errors and higher sensitivity as well as specificity. These results highlight the model’s effectiveness as a reliable early warning tool for bankruptcy prediction. Full article

In the present era where digitalization, FinTech, and blockchain technologies are reshaping the global financial landscape, traditional measures of bank performance need to evolve. This paper introduces a hybrid approach that combines multi-criteria efficiency assessment and econometric modeling to evaluate bank performance within the context of digital transformation in emerging economies. Focusing on a panel of banks across selected emerging markets, this study first applies a multi-criteria decision-making technique (Data Envelopment Analysis) to assess operational efficiency using both conventional indicators and digitalization-driven metrics, such as mobile banking penetration and blockchain adoption. We then employ a panel econometric model to investigate the factors that shape efficiency outcomes, with special attention to FinTech and blockchain innovations as potential drivers. The results reveal a nuanced picture of how digital technologies can influence bank performance, highlighting both opportunities and constraints for financial institutions in less developed markets. The findings offer actionable insights for bank managers, regulators, and policymakers striving to balance traditional operational priorities with the demands of digital transformation. By linking efficiency measurement with an examination of the digitalization process, this paper provides a timely contribution to the literature on banking and financial innovation, serving as a foundation for future research and strategic decision-making in the FinTech and blockchain era. Full article

Innovation-driven labor markets play a pivotal role in economic development, yet significant disparities exist in how efficiently countries transform innovation inputs into labor market outcomes. This study addresses the critical gap in benchmarking multi-stage innovation efficiency by developing an integrated framework combining Data Envelopment Analysis (DEA) Super Slack-Based Measure (Super-SBM) for static efficiency evaluation and the Malmquist Productivity Index (MPI) for dynamic productivity decomposition, enhanced with cooperative game theory for robustness testing. Focusing on the top 20 innovative economies over a 5-year period, we analyze key inputs (Innovation Index, GDP, trade openness) and outputs (labor force, unemployment rates), revealing stark efficiency contrasts: China, Luxembourg, and the U.S. demonstrate optimal performance (mean scores > 1.9), while Singapore and the Netherlands show significant underutilization (scores < 0.4). Our results identify a critical productivity shift period (average MPI = 1.325) driven primarily by technological advancements. This study contributes a replicable, data-driven model for cross-domain efficiency assessment and provides empirical evidence for policymakers to optimize innovation-labor market conversion. The methodological framework offers scalable applications for future research in computational economics and productivity analysis. Full article

China has adopted extensive restoration practices to improve ecosystem function. The efficiency of these restoration efforts remains unclear, which may hinder the supply of ecosystem services (ESs). In this context, this study first employed InVEST models to clarify spatio-temporal changes in five key ESs. The static and dynamic efficiencies of ecosystem service production in 130 cities from 2015 to 2021 in the Yangtze River Economic Belt (YREB) were then measured using the Super-SBM-Malmquist model, with ESs considered as outputs. The results indicated that water conservation (WC), water purification (WP), and soil retention (SR) exhibited overall declining trends, decreasing by 28.32%, 3.22%, and 10.00%, respectively, while carbon storage (CS) and habitat quality (HQ) remained steady. More than 70% of studied cities exhibited static efficiency levels below 50%, which were attributed to inefficient utilization of labor, capital, and technology. Significant spatial heterogeneity was observed, with high-efficiency cities mainly located in mountainous areas and low-efficiency cities concentrated in flat regions. The downward trend in dynamic efficiency has been reversed from a 39.02% decline in 2015–2018 to a 38.31% increase in 2018–2021, despite being adversely affected by technological regression. Finally, several policy implications are proposed, including optimizing resource allocation, introducing advanced technology and setting the intercity cooperation and complementarity mechanisms. Full article

The COVID-19 pandemic triggered unprecedented economic disruptions, raising critical questions about the resilience and adaptability of macroeconomic productivity across countries. This study examines the impact of COVID-19 on macroeconomic efficiency and productivity dynamics in 37 OECD countries using quarterly data from 2018Q1 to 2024Q4. By employing a Slack-Based Measure Data Envelopment Analysis (SBM-DEA) and the Malmquist Productivity Index (MPI), we decompose total factor productivity (TFP) into efficiency change (EC) and technological change (TC) across three periods: pre-pandemic, during-pandemic, and post-pandemic. Our framework incorporates both desirable (GDP) and undesirable outputs (inflation, unemployment, housing price inflation, and interest rate distortions), offering a multidimensional view of macroeconomic efficiency. Results show broad but uneven productivity gains, with technological progress proving more resilient than efficiency during the pandemic. Post-COVID recovery trajectories diverged, reflecting differences in structural adaptability and innovation capacity. Regression analysis reveals that stringent lockdowns in 2020 were associated with lower productivity in 2023–2024, while more adaptive policies in 2021 supported long-term technological gains. These findings highlight the importance of aligning crisis response with forward-looking economic strategies and demonstrate the value of DEA-based methods for evaluating macroeconomic performance beyond GDP. Full article

As the climate problem is getting more and more serious and the “low-carbon revolution” of globalization is emerging, the logistics industry, as a high-end service industry, must also take the road of low-carbon development. Improving logistics carbon emission efficiency (LCEE) is gradually becoming an inevitable choice to maintain sustainable social development. The study uses the Super-SBM (Super-Slack-Based Measure) model to evaluate the urban LCEE from 2013 to 2022, explores the contribution of efficiency changes and technological progress to LCEE through the decomposition of the GML (Global Malmquist–Luenberger) index, and reveals the influence of digital transformation and energy consumption structure on LCEE by using the Spatial Durbin Model, concluding as follows: (1) LCEE declines from east to west, with large regional differences. (2) LCEE has steadily increased over the past decade, with slower growth from east to west. It fell in 2020 due to COVID-19 but has since recovered. (3) LCEE shows a catching-up effect among the three major regions, with technological progress being a key driver of improvement. (4) LCEE has significant spatial dependence. Energy consumption structure has a short-term negative spillover effect, while digital transformation has a positive spillover effect. Full article

In the process of evaluating the quality of a company’s development, the issues related to production capacity and environmental pollution have emerged as significant concerns. Drawing on the methodologies employed in previous related research, this study utilizes the Data Envelopment Analysis with relaxation variables and the Global Malmquist–Luenberger index to measure the green total factor productivity of Chinese heavy-polluting enterprises. The main findings of this study are as follows: (1) It is clearly demonstrated that higher managerial effectiveness has a substantial positive impact on the improvement of a company’s green total factor productivity; (2) the digitalization progress within enterprises serves as a moderating factor in the relationship between managerial effectiveness and green total factor productivity; (3) the extent of financial constraints acts as a mediating variable, intervening in the relationship between managerial efficiency and green total factor productivity; and (4) a threshold effect is detected between managerial effectiveness and the debt repayment pressure faced by enterprises. When the threshold values of managerial effectiveness or the quick ratio are surpassed, the influence of managerial effectiveness on the green total factor productivity of enterprises will undergo a change. Full article

Environmental costs (carbon emissions) have come with China’s economic rise, and its forestry sector now faces difficulties in maintaining both its profit and the health of its ecosystems. This study assesses the impact of carbon emissions on forestry efficiency and total factor productivity (TFFP) in China’s 31 provinces between 2001 and 2021. Using the data envelopment analysis (DEA) model through the slack-based measure (SBM framework) and Malmquist–Luenberger index (MLI), we examine the efficiency and productivity growth of forestry, both with and without accounting for carbon emissions. The study reveals that when carbon emissions are not taken into account, traditional measures of productivity tend to overstate both efficiency and total factor forestry productivity (TFFP) growth, resulting in an average of 7.7 percent higher efficiency and 1.6 percent of additional TFFP growth per year. If we compare the regions, coast provinces with stricter technical regulations have improved efficiency in usage, but places like Tibet and Qinghai, with more vulnerable ecosystems, endure harsher consequences. Regardless of incorporating bad output into the TFFP estimation, China’s growth in forestry productivity primarily depends on efficiency change (EC) rather than technological change (TC). Full article

As pivotal nodes in maritime logistics networks, ports face mounting pressure to reconcile economic growth with environmental sustainability. Although the SBM-Undesirable model has been extensively applied to assess port environmental efficiency (PEE), most applications assume strong disposability and disregard heterogeneity in technological capacities across different port scales, potentially biasing the assessments. To overcome these limitations, coastal ports are initially categorized into three subgroups based on operational scale criteria. A meta-frontier SBM-Undesirable model incorporating weak disposability is then developed to evaluate PEE. Dynamic characteristics are further explored via the Global Malmquist Index. Results indicate substantial disparities between subgroup frontiers and the meta-frontier. The average group PEE (0.732) exceeded the meta PEE (0.570), implying potential overestimation under homogeneity assumptions. Large-sized ports, with a mean technology gap ratio (TGR) of 0.956, operated near the meta-frontier, whereas medium-sized and small-sized ports, with TGRs of 0.770 and 0.600 respectively, exhibited substantial technological gaps. Total factor productivity (TFP) demonstrated a volatile upward trend, averaging 6.8% annual growth. In large-sized and medium-sized ports, TFP growth was primarily driven by technological innovation, whereas in small-sized ports, it stemmed from combined improvements in technical efficiency and technological level. These insights underscore the necessity of differentiated decarbonization strategies for port management. Full article

Improving forest carbon sink efficiency (FCSE) is the key to mitigating climate change and achieving sustainable forest resource management in China. However, current research on FCSE remains predominantly focused on static perspectives and singular linear effects. Based on panel data from 30 provinces (autonomous regions and municipalities) in China from 2008 to 2022, this study integrated the super-efficiency Slack-Based Measure (SBM)-Malmquist–Luenberger (ML) model, spatial autocorrelation analysis, and dynamic fuzzy set qualitative comparative analysis (fsQCA) to reveal the spatiotemporal differentiation characteristics of FCSE and the multi-factor synergistic driving mechanism. The results showed that (1) the average value of the FCSE in China was 1.1. Technological progress (with an average technological change of 1.21) is the core growth driver, but the imbalance of technological efficiency change (EC) among regions restricts long-term sustainability. (2) The spatial distribution exhibited a U-shaped gradient pattern of “eastern—southwestern”, and the synergy effect between nature and economy is significant. (3) The dynamic fsQCA identified three sustainable improvement paths: the “precipitation–economy” collaborative type, the multi-factor co-creation type, and “precipitation–industry-driven” type; precipitation was the universal core condition. (4) Regional differences exist in path application; the eastern part depends on economic coordination, the central part is suitable for industry driving, and the western part requires multi-factor linkage. By introducing a dynamic configuration perspective, analyzing FCSE’s spatiotemporal drivers. We propose a sustainable ‘Nature–Society–Management’ interaction framework and region-specific policy strategies, offering both theoretical and practical tools for sustainable forestry policy design. Full article

In the context of global climate change and the escalating energy crisis, the development of new energy vehicles (NEVs) has become a critical strategy for China to foster green transformation and achieve its carbon neutrality goals. This study focuses on A-share-listed NEV companies in China from 2015 to 2023, specifically those listed on the Shanghai or Shenzhen Stock Exchange and subject to domestic regulatory standards and disclosure requirements. These firms were selected due to the representativeness, availability, and quantifiability of their data. A super-efficient-network SBM model based on undesirable outputs and the Malmquist index were employed to assess the static and dynamic green technology innovation efficiency of 260 NEV enterprises. Additionally, the Tobit regression model was applied to analyze the influencing factors. The findings reveal that the overall green technology innovation efficiency of Chinese NEV enterprises is relatively low and has exhibited a declining trend over the years. Furthermore, the efficiency of enterprises in the western regions surpasses that of those in the eastern and central regions. Key factors, including government support, enterprise scale, and R&D investment, significantly inhibit the green technology innovation efficiency of firms. Based on these findings, this paper recommends prioritizing the innovation of core technologies, addressing regional disparities in development, and implementing tailored policies to enhance the green technology innovation efficiency and economic performance of NEV enterprises. Full article

The scientific evaluation of ecological total factor productivity of cultivated land use (ETFPCLU) is fundamental for advancing sustainable utilization of cultivated land resources and safeguarding national food security and ecological stability. Using the epsilon-based measure and the global Malmquist–Luenberger (EBM–GML) index, this study quantifies and decomposes ETFPCLU across China. Spatial–temporal variations and convergence patterns are systematically investigated via an analytical toolkit comprising the spatial mismatch index, Dagum’s Gini coefficient decomposition, and convergence models. The results indicate that Chinese ETFPCLU increased by an average of 2.1% per year from 2001 to 2022, primarily attributed to technical change (TC), with limited contributions from efficiency change (EC). The spatial mismatch between ETFPCLU and TC, as well as EC, is predominantly characterized by low to medium mismatch types, exhibiting a high degree of spatial distribution similarity; inter-regional differences are the main contributors to regional disparities. Furthermore, except for the central region, significant σ-convergence exists in ETFPCLU across the country and in other regions, alongside absolute β-convergence and conditional β-convergence in the four major regions. The analysis concludes that to enhance ETFPCLU, it is essential to strengthen technological innovation, synergistically improve technological efficiency, formulate ecological protection policies tailored to local conditions, and foster collaboration among regions for cultivated land protection. Full article

Background/Objectives: This study introduces the Multi Group Cost Malmquist Index ($CM{g}_m$), a novel tool for comparing and ranking the cost efficiency of multiple groups of similar decision-making units operating in different contexts. It was applied to Greek public hospitals to assess productivity change between 2009 and 2021, covering the period before the economic recession and after the second lockdown during the COVID-19 pandemic. The study aimed to determine the impact of these external shocks on hospital efficiency and to identify differences in cost productivity based on hospital size and regional location. Methods: Data envelopment analysis was employed to compute the Malmquist indices for productivity change and ranking. Overall, 109 Greek public hospitals were analysed using three models: as a single group, classified by bed capacity, and classified by regional health authority (RHA). Cost productivity was decomposed into its core measures. Results: During the economic crisis, hospitals improved their cost productivity by 13.2%, whereas during the pandemic, it declined by 32.1%, primarily due to cost frontier deterioration resulting from increased healthcare demand and strained resources. Medium-sized hospitals exhibited higher cost efficiency than small and large hospitals. Regional disparities were also observed, with hospitals in the 5^th and 7^th RHAs outperforming those in 1^st and 2^nd RHAs. Conclusions: The findings highlight the pandemic’s disruptive impact on hospital cost productivity compared to the efficiency gains during the economic crisis. It is encouraging, though, that hospitals are recovering again after the lifting of strict lockdown measures. The $CM{g}_m$ is a valuable tool for policymakers, offering insights into hospital performance across multiple groups. Future healthcare policies should prioritise resource optimisation and address regional disparities to enhance system-wide efficiency and resilience in times of crisis. Full article