Table 5.

Malmquist index summary of firm means.

Year	Efficiency change	Technical change	Pure efficiency change	Scale efficiency change	Total factor productivity change
	[A]	[B]	[C]	[D = (A/C)]	[E = A*B]
H01	0.885	1.123	0.996	0.889	0.994-
H02	0.987	1.116	1	0.987	1.101+
H03	1	1.037	1	1	1.037+
H04	1.132	1.174	1.07	1.058	1.330+
H05	1	1.153	1	1	1.153+
H06	0.832	1.092	0.916	0.908	0.908-
H07	0.935	1.053	0.967	0.967	0.985-
H08	1.017	1.08	1.062	0.957	1.098+
H09	0.977	1.161	1	0.977	1.135+
H10	1	1.055	1	1	1.055+
H11	1.083	1.121	1	1.083	1.214+
H12	0.878	1.028	0.933	0.942	0.903-
H13	1	1	1	1	1
H14	0.97	1.092	1.038	0.935	1.059+
H15	0.976	0.994	1	0.976	0.971-
H16	1.02	1.122	1.073	0.951	1.144+
H17	1	1.005	1	1	1.005+
H18	0.87	1.062	0.928	0.937	0.924-
H19	1.037	1.106	1.1	0.943	1.147+
H20	1	1.026	1	1	1.026+
H21	1.038	1.073	1	1.038	1.114+
H22	1.199	1.037	1.078	1.112	1.243+
H23	0.939	1.099	0.92	1.021	1.032+
H24	0.922	1.081	1.005	0.917	0.996-
H25	0.985	0.995	1	0.985	0.980-
H26	1	0.908	1	1	0.908-
H27	1.019	1.03	0.957	1.065	1.049+
H28	0.831	1.064	0.859	0.967	0.884-
H29	1	0.98	1	1	0.980-
H30	1	0.993	1	1	0.993-
H31	0.921	1	0.982	0.938	0.922-
H32	1.006	1.03	1.01	0.996	1.037+
H33	0.969	1.132	1.019	0.951	1.097+
H34	1	1.073	1	1	1.073+
H35	0.897	1.162	0.95	0.944	1.042+
H36	1.091	1.193	1	1.091	1.302+
H37	0.963	1.093	1	0.963	1.052+
H38	1	1.132	1	1	1.132+
Mean	0.981	1.069	0.995	0.986	1.048+

+DH with improved performance; -DH with declined performance. All Malmquist index average are geometric means.