Changes in Total Factor Productivity and Technical Efficiency of Bangladesh RMG Industry Focused on Rana Plaza Tragedy
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This paper investigates the technical efficiency and total factor productivity of the Bangladesh textile industry after Rana Plaza tragedy by using Malmquist Productivity Index (MPI) method during the period of 2009 to 2015. We used Feasible Generalized Least Square (FGLS) method to estimate the effects of potential factors that influenced the total factor productivity (TFP) of the firms. The result shows that after the Rana Plaza tragedy the textile firms experienced decline in total factor productivity. The regression estimation indicates that wage of labor, Rana Plaza tragedy, and internal political crisis are found to have negative effect on textile firms.
Abstract
This paper investigates the technical efficiency and total factor productivity of the Bangladesh textile industry after Rana Plaza tragedy by using Malmquist Productivity Index (MPI) method during the period of 2009 to 2015. We used Feasible Generalized Least Square (FGLS) method to estimate the effects of potential factors that influenced the total factor productivity (TFP) of the firms. The result shows that after the Rana Plaza tragedy the textile firms experienced decline in total factor productivity. The regression estimation indicates that wage of labor, Rana Plaza tragedy, and internal political crisis are found to have negative effect on textile firms.
참고문헌 (31)
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