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Technical efficiency trends of Russian firms in 2013–2018

Anna Tsvetkova

Applied Econometrics, 2021, vol. 63, 91-116

Abstract: The paper examines technical efficiency of Russian firms during the period from 2013 to 2018 applying the stochastic production frontier method. The estimates obtained indicate that technical efficiency grows with firm size and declines with its age. While macroeconomic situation deteriorated in 2015–2016, technical efficiency in most industries changed insignificantly. However, the number of industries with a negative trend in technical efficiency is higher than the number of industries with a positive trend. The contribution of industries with declining technical efficiency to the total employment and output are higher than those of industries with growing technical efficiency or insignificantly changing technical efficiency.

Keywords: technical efficiency; production function; Russian firms; stochastic frontier analysis (search for similar items in EconPapers)
JEL-codes: D22 D24 L25 (search for similar items in EconPapers)
Date: 2021
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