| 1. |
- Badunenko, Oleg, et al.
(författare)
-
Allocative Efficiency Measurement Revisited : Do We Really Need Input Prices?
- 2008
-
Ingår i: Economic Modelling. - : Elsevier. - 0264-9993 .- 1873-6122. ; 25:5, s. 1093-1109
-
Tidskriftsartikel (refereegranskat)abstract
- The traditional approach to measuring allocative efficiency exploits input prices, which are rarely known at the firm level. This paper proves allocative efficiency can be measured as a profit-oriented distance to the frontier in a profit-technical efficiency space. This new approach does not require information on input prices. To validate the new approach, we perform a Monte-Carlo experiment providing evidence that the estimates of allocative efficiency employing the new and the traditional approach are highly correlated. Finally, as an illustration, we apply the new approach to a sample of about 900 enterprises from the chemical manufacturing industry in Germany.
|
|
| 2. |
- Badunenko, Oleg, et al.
(författare)
-
What Drives the Productive Efficiency of a Firm? : the importance of industry, location, R&D, and size
- 2008
-
Rapport (övrigt vetenskapligt/konstnärligt)abstract
- This paper investigates the factors that explain the level and dynamics of manufacturing firm productive efficiency. In our empirical analysis, we use a unique sample of about 39,000 firms in 256 industries from the German Cost Structure Census over the years 1992-2005. We estimate the efficiencies of the firms and relate them to firm-specific and environmental factors. We find that (1) about half the model’s explanatory power is due to industry effects, (2) firm size accounts for another 20 percent, and (3) location of headquarters explains approximately 15 percent. Interestingly, most other firm characteristics, such as R&D intensity, outsourcing activities, or the number of owners, have extremely little explanatory power. Surprisingly, our findings suggest that higher R&D intensity is associated with being less efficient, though higher R&D spending increases a firm’s efficiency over time.
|
|
