A Resource-Based Interpretation of Technical Efficiency Indexes

Eduardo González Fidalgo and Ana Cárcaba

No 2001/03, Efficiency Series Papers from University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG)

Abstract: During the last two decades, the measurement of technical efficiency indexes has become a very popular field of research. Recent refinements in estimation tools and techniques have contributed to increase the interest on efficiency analyses. The empirical success of the efficiency literature has been obscured by the lack of a rigorous theory explaining the economic meaning of technical inefficiency. The objective of this article is to outline an interpretation of currently estimated indexes of technical efficiency within the framework of the resource-based view of the firm. The problems inherent to the definition of technical efficiency as a relevant theoretical concept are examined and, then, the link between technical efficiency and firm resources and capabilities is discussed.

Keywords: technical efficiency; X-inefficiency; resource-based view; capabilities (search for similar items in EconPapers)
Pages: 19
Date: 2001
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