EconPapers    
Economics at your fingertips  
 

Investigating Technical Efficiency and Its Determinants by Data Envelopment Analysis: An Application in the Greek Food and Beverages Manufacturing Industry

Anthony Rezitis () and Maria A. Kalantzi

Agribusiness, 2016, vol. 32, issue 2, 254-271

Abstract: ABSTRACT In this paper, a two‐step procedure is applied in order to investigate technical efficiency and its determinants in the Greek food and beverages manufacturing industry for the period 1984–2007. Technical efficiency scores for the industry are estimated using the data envelopment analysis approach. Moreover, bootstrapped truncated regressions and OLS regressions are applied in order to investigate the factors affecting technical efficiency. The empirical results indicate that there is a fluctuation of technical efficiency scores among the sectors of the food and beverages industry. Furthermore, the findings obtained from both the Tobit and the OLS regressions support that the factors affecting positively the level of technical efficiency are sector size, capital productivity, labor productivity, and labor intensity. The results also show that the technical efficiency of the whole industry tended to decrease during the period 1984–2007. Moreover, the present paper provides some policy recommendations that may be useful for the industry to overcome the present economic crisis. Finally, in future research, the technical efficiency of the Greek food industry will be analyzed based on the meta‐analysis approach. [JEL Classifications: C60, L60, O14].

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1002/agr.21432

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:wly:agribz:v:32:y:2016:i:2:p:254-271

Access Statistics for this article

Agribusiness is currently edited by Ronald W. Cotterill

More articles in Agribusiness from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-09-20
Handle: RePEc:wly:agribz:v:32:y:2016:i:2:p:254-271