TECHNICAL EFFICIENCY OF SMALL AND MEDIUM MANUFACTURING FIRMS IN VIETNAM: PARAMETRIC AND NON-PARAMETRIC APPROACHES
0
조회
0
다운로드
2
인용
0
참고문헌
키워드
초록
There is evidence that small and medium firms usually do not have high productive efficiency. This phenomenon can be explained by several factors. In this paper, it is analyzed by using the panel data of 1,492 firms from the Economic Census for Enterprises conducted by the General Statistics Office of Vietnam (GSO) during the period 2000-2003 with a parametric approach (based on stochastic frontier production functionSFPF) and a non-parametric approach (based on data envelopment analysisDEA). Under the specification of variable return to scale (VRS), the mean technical efficiency of these small and medium firms was about 50 percent under the SFPF approach, and about 40 percent under the DEA approach. We also explore possible factors determining the differences in technical efficiency levels of these firms, and find that there existed slightly heterogeneous efficiency level in these firms across sub-industries and regions in the study period.
Abstract
There is evidence that small and medium firms usually do not have high productive efficiency. This phenomenon can be explained by several factors. In this paper, it is analyzed by using the panel data of 1,492 firms from the Economic Census for Enterprises conducted by the General Statistics Office of Vietnam (GSO) during the period 2000-2003 with a parametric approach (based on stochastic frontier production functionSFPF) and a non-parametric approach (based on data envelopment analysisDEA). Under the specification of variable return to scale (VRS), the mean technical efficiency of these small and medium firms was about 50 percent under the SFPF approach, and about 40 percent under the DEA approach. We also explore possible factors determining the differences in technical efficiency levels of these firms, and find that there existed slightly heterogeneous efficiency level in these firms across sub-industries and regions in the study period.
참고문헌 (33)
- Admassie, "Technical Efficiency of Small- and Medium- Scale Enterprises Evidence from a Survey of Enterprises in Tanzania", 18(2), pp.1~29
- "Efficiency Estimation of Production Functions", pp.568~598 (1972)
- Aigner, "Formulation and Estimation of Stochastic Frontier Production Models Journal of Econometrics", pp.21~37 (1977)
- Albach, "Average and Best Practice Production Functions in German Industry Journal of Industrial Economics", pp.55~70 (1980)
- Alvarez, "Determinants of Technical Efficiency in Small Firms", 20, pp.233~244 (2003)
- Bagi, "Relationship between Farm Size and Technical Efficiency in Western Tennessee Agriculture Southern Journal of Agricultural Economics", pp.139~43 (1982)
- "a Survey of Empirical Applications in Agricultural Economics"
- "Prediction of Firm Level Technical Efficiencies with a Generalized Frontier Production and Panel Data Journal of Econometrics", pp.387~399 (1988)
- Technical Efficiency, "With Application to Paddy Farmers in India Journal of Productivity Analysis", pp.153~169 (1992)
- "A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data", 20(mics), pp.325~332 (1995)
- Batra, "SME Technical Efficiency and its Correlates: Cross National Evidence and Policy Implications", (September) (2003)
- A, "Efficiency of SmallScale Farmers in Ethiopia A Case Study in the Baso and Warana Sub-district"
- "Technical Efficiency Measures for Dairy Farms Based on a Probabilistic Frontier Function Model Canadian Journal of Agricultural Economics", pp.399~415 (1986)
- Byrnes, "the Case of Illinois Grain Farms European Review of Agricultural Economics", pp.367~81 (1987)
- Coelli, "A Guide to FRONTIER Version 4 A Computer Program for Stochastic Frontier Production Function and Cost Function Estimation" (1996), University of New England Australia
- Coelli, T.J, "A Guide to DEAP Version 2.1: A Data Envelopment Analysis (Computer) Program" (1996), University of New England Australia
- Drake, "Productive and Allocative Inefficiencies in UK Building Societies: A Comparison of Non-Parametric and Stochastic Frontier Techniques", 64, pp.22~37 (1996)
- Farrell, "The Measurement of Productive Efficiency Journal of the Royal Statistical Society", pp.253~81 (1957)
- Ferrier, "Measuring Cost Efficiency in Banking Journal of Economics", pp.229~245 (1990)
- A, "A Survey of Frontier Production Functions and their Relationship to Efficiency Measurement Journal of Econometrics", pp.5~25 (1980)
- "GSO (General Statistics Office of Vietnam)", ha (2001), Hanoi: Statistical Publishing House
- Kalaitzandonakes, "Technical Efficiency Managerial Ability and Farmer Education in Guatemalan Corn Production: a Latent Variable Analysi", 24, pp.36~46 (1995)
- Ghosh, "A Generalized Production Frontier Approach for Estimating Determinants of Inefficiency in US Dairy Industry Journal of Business Economic Statistics", pp.279~86 (1991)
- Kumbhakar, "Stochastic Frontier Analysis" (2000), Cambridge University PressCambridge: Cambridge University Press
- Lee, "Journal of Econometrics", pp.385~389 (1978)
- Lee, "A Test for Distributional Assumptions for the Stochastic Frontier Function Journal of Econometrics", pp.245~267 (1983)
- Nguyen, "A Comparative Study on Production Efficiency in Manufacturing Industries of Hanoi and Ho Chi Minh Cities", (3 (E)) (2005), Hanoi: Vietnam Development Forum
- Richmond, "Estimating the Efficiency of Production", pp.515~521 (1974)
- Thrall, "Recent Developments in DEA the Mathematical Programming Approach to Frontier Analysis Journal of Econometrics", pp.7~38 (1990)
- Sharma, "Economic Analysis of Size and Feed Type of Swine Production in Hawaii", pp.103~110 (1977)
- "Technical, Allocative and Economic Efficiencies in Swine Production in Hawaii: A Comparison of Parametric and Nonparametric Approaches", 20, pp.23~35 (1999)
- Stevenson, "Likelihood Functions for Generalized Stochastic Frontier Estimation Journal of Econometrics", pp.57~66 (1980)
- Wadud, "Technical, Allocative, and Economic Efficiency of Farms in Bangladesh: A Stochastic Frontier and DEA Approach", 37(1), pp.109~126 (2003)