Technical efficiency of small and medium manufacturing firms in Vietnam: A stochastic meta-frontier analysis
Article
Article Title | Technical efficiency of small and medium manufacturing firms in Vietnam: A stochastic meta-frontier analysis |
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ERA Journal ID | 18341 |
Article Category | Article |
Authors | Le, Viet (Author), Vu, Xuan-Binh (Benjamin) (Author) and Nghiem, Son (Author) |
Journal Title | Economic Analysis and Policy |
Journal Citation | 59, pp. 84-91 |
Number of Pages | 8 |
Year | 2018 |
Publisher | Elsevier |
Place of Publication | Australia |
ISSN | 0313-5926 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.eap.2018.03.001 |
Web Address (URL) | https://www.sciencedirect.com/science/article/abs/pii/S0313592617302151 |
Abstract | Small and medium-size enterprises (SMEs) play a vital role in the Vietnamese economy; hence more understanding of their efficiency is of interest for a variety of various stakeholders in Vietnam. This paper estimates technological gaps and identifies factors affecting variations in the technical efficiency of SMEs in Vietnam using firm-level survey data in 2008 in a stochastic meta-frontier framework. We found that, on average, SMEs can increase their current outputs by eight percent using the same quantity of inputs. Firms operating in major cities such as Hanoi and Ho Chi Minh City are found to be more efficient and possess better technology. Our evidence indicates that most SMEs in Vietnam use relatively low-level technologies, evidenced by the higher return from labour and raw materials than that from capital. |
Keywords | Technical efficiency; Meta-frontier; SMEs; Vietnam |
ANZSRC Field of Research 2020 | 380199. Applied economics not elsewhere classified |
Byline Affiliations | Swinburne University of Technology |
Griffith University | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q684y/technical-efficiency-of-small-and-medium-manufacturing-firms-in-vietnam-a-stochastic-meta-frontier-analysis
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