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Study on technological innovation efficiency based on DEA-Malmquist: Empirical analysis of 15 Chinese listed pharmaceutical manufacturing firms

This paper makes empirical analysis on technological innovation efficiency of 15 Chinese listed pharmaceutical manufacturing firms between 2012 and 2014, by DEA-Malmquist. The results show technological changeable efficiency and resource changeable efficiency of Chinese pharmaceutical manufacturing industry, and indicate the main factors influencing technological innovation of Chinese pharmaceutical manufacturing firms. Then it can provide advices in theory and practice methods.