Patterns of technical efficiency in the Venezuelan manufacturing sector (2007)

José Contreras (), Andrés Santeliz () and Oscar Carvallo ()
Additional contact information
José Contreras: Investigador Senior. Oficina de Investigaciones Económicas. Banco Central de Venezuela. Avenida. Urdaneta esquina Las Carmelitas, Caracas 1010-Venezuela. Dirección Postal: Apartado 2017, Carmelitas Caracas 1010-Venezuela.
Andrés Santeliz: Investigador Invitado. Oficina de Investigaciones Económicas. Banco Central de Venezuela. Avenida. Urdaneta esquina Las Carmelitas Caracas 1010-Venezuela Dirección Postal: Apartado 2017, Carmelitas Caracas 1010-Venezuela.

Economía, 2012, vol. 37, issue 34, 121-137

Abstract: As a component of a research project aimed at characterizing the Venezuelan industry, this paper is a contribution to the evaluation of technical efficiency and its determinants for the manufacturing sector. With this purpose in mind we use the concept of X-inefficiency. For the evaluation, we estimated a stochastic production function and performed several tests for various efficiency determinants. The data source was the PRACEM manufacturing survey for 2007 from the Central Bank of Venezuela. We found that firm size and liquidity of assets were positively correlated with efficiency. The most efficient sectors are associated with the industrial base created during the “import substitution” period: agro industry and textile and paper industries.

Keywords: Technical efficiency; manufacture; functions of production; stochastic border. (search for similar items in EconPapers)
JEL-codes: C21 D24 L25 L60 O14 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
ftp://iies.faces.ula.ve/Pdf/Revista34/Rev34Contreras.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:37:y:2012:i:34:p:121-137

Access Statistics for this article

Economía is currently edited by Dyanna María Ruíz Uzcátegui and Yibeli Emilia Briceño Carrero

More articles in Economía from Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela. Contact information at EDIRC.
Bibliographic data for series maintained by Alexis Vásquez ().