Page 45 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.77, # 1, 2020, pp. 31-50

When examining the mean efficiency change of the regions presented in Table 6, it is
determined that the tfpch scores of Baku, Absheron, Ganja-Gazakh, Sheki-Zagatala and
Nakhchivan A.R regions are over one and the lowest tfpch score is 0,899 in Aran
region. It was seen that the technical efficiency change of the hotel organizations of
Baku region increased by 3,3% and no change was seen in other efficiencies.

Table 6: Region Means
Regions effch techch pech sech tfpch
Baku 1,000 1,033 1,000 1,000 1,033
Absheron 1,013 1,019 1,000 1,013 1,032
Ganja-Gazakh 0,998 1,014 1,001 0,997 1,012
Sheki-Zagatala 1,032 0,980 1,006 1,025 1,011
Lankaran 0,983 0,965 0,997 0,986 0,949
Kuba-Khachmaz 0,977 0,987 0,982 0,994 0,964
Aran 0,971 0,926 0,995 0,976 0,899
Mountain Shirvan 0,962 0,990 0,986 0,975 0,952
Nakhchivan A. R. 1,007 1,052 1,000 1,007 1,059
Mean 0,993 0,996 0,996 0,997 0,989
[Note that all Malmquist index averages are geometric means]
The regions, whose efficiency change was above one, were Absheron (1,3%), Sheki-
Zagatala (3,2%) and Nakhchivan A.R. (0,7%) and the regions with technical
efficiency change above one are Baku (3,3%), Absheron (1,9%), Ganja-Gazakh
(1,4%) and Nakhchivan A.R. (5,2%). These changes can also be seen in Figure 3.

Figure 3: Region Means

In Table 7, the estimated MI (tfpch) scores of the regions according to years are
presented. The tppch score of the Baku region was above one in 2007-08, 2010-11,
2011-12, 2015-16, 2016-17 and 2017-18, and the highest score was achieved in
2016-2017 with 21%. MI score for the years 2012-13 was 99,9%.

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