Dynamic versus Static Inefficiency Assessment of the Polish Meat-Processing Industry in the Aftermath of the European Union Integration and Financial Crisis

Magdalena Kapelko

No 211830, 2015 Conference, August 9-14, 2015, Milan, Italy from International Association of Agricultural Economists

Abstract: This paper assesses the dynamic inefficiency of the Polish meat processing industry during the period between 2004 and 2012. This study employs also a comparison of dynamic with static inefficiency measures to address the importance of accounting for adjustment costs when measuring a firm's inefficiency. Dynamic and static cost inefficiencies and their decomposition into technical, allocative, and scale inefficiency are derived using Data Envelopment Analysis. Results showed that firms' low levels of dynmaic cost inefficiency were due to dynamic allocative inefficiency rather than technical and scale inefficiency. The 2008 financial crisis appears to have hampered firms' dynamic technical performance, but has also had a positive influence on the dynamic allocative and scale inefficiencies. WE further show that the average static measures tend to underestimate all inefficiency compenents compared to dynmaic counterparts.

Keywords: Food Consumption/Nutrition/Food Safety; Production Economics (search for similar items in EconPapers)
Pages: 23
Date: 2015
New Economics Papers: this item is included in nep-bec, nep-eff and nep-pr~
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Journal Article: Dynamic versus static inefficiency assessment of the Polish meat‐processing industry in the aftermath of the European Union integration and financial crisis (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaae15:211830

DOI: 10.22004/ag.econ.211830

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