Super Efficiency and Misallocation: Evidence from Vietnamese Electric-Computer Industry

Autor:	Nguyen Khac Minh, Nguyen Thi Phuong, Pham Van Khanh
Rok vydání:	2018
Předmět:	Variable (computer science) Tone (musical instrument) Negative sign Vietnamese General Engineering Econometrics language Empirical relationship Measure (mathematics) language.human_language Super efficiency Mathematics
Zdroj:	American Journal of Operations Research. :63-81
ISSN:	2160-8849 2160-8830
DOI:	10.4236/ajor.2018.82006
Popis:	Misallocation means that the source is not distributed efficiently. This leads to an important question of how the relationship between misallocation and efficiency is (see [1]). The purpose of this study is to address the empirical relationship between misallocation and efficiency in the electric and computer industry in Vietnam during the 2005-2015 periods. To do this, we built a model that allowed us to evaluate the impact of misallocation and other factors on efficiency. The slack-based measured efficiency (SBM) model (Tone [2]), and the super-efficient model (Tone [3]) are used to estimate the firms’ efficiency. The approach of Hsieh and Klenow [4] is used to measure misallocation in the study area. Estimated results of the model about the relationship between misallocation and efficiency show that the variable representing the misallocation has a negative sign and statistical significance in all models. In other words, the misallocation negatively affects efficiency. The bigger the misallocation, the lower the efficiency.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::0b070fb5ef9e245f1c2682f5f175bc1f https://doi.org/10.4236/ajor.2018.82006 Zobrazit plný text záznamu