PERFORMANCE OF THE GREEK FISH FARMING SECTOR: TECHNICAL EFFICIENCY EVALUATION VIA DATA ENVELOPMENT ANALYSIS

Athanasia Mavrommati, Maria Tsiouni, Achilleas Kontogeorgos and Fotios Chatzitheodoridis

Regional and Sectoral Economic Studies, 2022, vol. 22, issue 1, 5-18

Abstract: The main objective of the current paper is the efficiency analysis of firms in fish sector in Greece using the data envelopment analysis (DEA) under economic instability. For our purpose, DEA models were applied to evaluate the technical efficiency and competitiveness among firms in the sector. The used financial data were regarding to the years 2010–2016, (stress period where the Greek economic crisis was to the peak) with respectively constant and variable returns to scale models, the empirical analysis shows the differences in the efficiency performance of the firms in Greek aquaculture. Research finding indicates that several firms in the sector don’t reach technical and scale efficiency and need interventions to restructure their resources usage.

Keywords: Efficiency; data envelopment analysis; economic crisis; fish farming; Greece (search for similar items in EconPapers)
JEL-codes: C33 H12 Q22 (search for similar items in EconPapers)
Date: 2022
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