【摘要】 基于Malmquist生产率指数方法对2005~2013年中国基金业全要素生产率进行测算与分析,结果发现2005~2013年中国基金业要素生产率年度平均增长率为9.6%,2007~2008年出现大幅波动。这表明基金业本身增长是集约的,生产率大幅波动的原因在于资本市场制度的不完善、竞争不充分以及创新能力较弱。更多还原

【Abstract】 It is very crucial for Chinese investment fund industry to deeply understand development status and effectively use measures to improve the competitiveness.The method of Malmquist productivity index based on DEA is used in this article.The results discover that,during the year 2005 — 2013,the average annual growth ratio of Total Factor Productivity(TFP) of Chinese Investment fund Industry is 9.6%.The year of fastest and maximum growth of the productivity is 2007 and the rate is 138%and the year of minimum and deceasing most fast is 2008 with the rate of —37%.This shows that the growth of Chinese investment fund industry is intensive and the volatility of the productivity is high because of imperfect market mechanism.更多还原