Being efficient to stay strong in a weak economy. The case of calabrian manufacturing firms
Francesco Aiello () and
Concetta Castiglione ()
MPRA Paper from University Library of Munich, Germany
The aim of this work is to study the efficiency of firms operating in Calabria, a small and economically-lagging Italian region. The analysis is carried out by estimating a stochastic production frontier for an unbalanced panel of manufacturing firms which are observed over the 1998-2006 period. Results show that the efficiency score is, on average, about 60%. A declining trend is observed over the last three-year period, 2004-2006. Moreover, firm efficiency increases with firm age and when firms export. Inconclusive evidence is found for the role of investments in ICT and R&D. This is not very surprising given that private effort in technological activities is extremely low in Calabria (private R&D intensity was less than 0.075% of regional GDP in 2010).
Keywords: Efficiency; ICT, R&D, Stochastic Frontier, Calabria, Manufacturing firms (search for similar items in EconPapers)
JEL-codes: D22 D24 L63 O33 R12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eff and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:54366
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