Estimation of Technical Efficiency of Czech Dairy Processing Firms

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

čeština

Název v původním jazyce

Estimation of Technical Efficiency of Czech Dairy Processing Firms

Popis výsledku v původním jazyce

The objective of this paper is to apply a Cobb-Douglas, Translog Stochastic Production Function in order to estimate inefficiencies, efficiencies and returns to scale with following selection the better fitting model of milk processing firms in the CzechRepublic based on panel data from years 2005?2011. For estimation ?True? random effects model with exponential distribution of efficiency term under the assumption of heteroscedasticity was used. For empirical study unbalanced panel data set contained 368 observations of 69 milk processing Czech companies was analysed. Using stochastic frontier analysis and z-test we verified that in the case of Cobb-Douglas function variables (capital, labour, and material) have statistically significant impact on thefirms? output. In the case of Translog model capital variable is statistically insignificant, but assuming sign of the slope coefficients (i.e.production elasticities) is consistent with economic theory in both models. Results of efficie

Název v anglickém jazyce

Estimation of Technical Efficiency of Czech Dairy Processing Firms

Popis výsledku anglicky

The objective of this paper is to apply a Cobb-Douglas, Translog Stochastic Production Function in order to estimate inefficiencies, efficiencies and returns to scale with following selection the better fitting model of milk processing firms in the CzechRepublic based on panel data from years 2005?2011. For estimation ?True? random effects model with exponential distribution of efficiency term under the assumption of heteroscedasticity was used. For empirical study unbalanced panel data set contained 368 observations of 69 milk processing Czech companies was analysed. Using stochastic frontier analysis and z-test we verified that in the case of Cobb-Douglas function variables (capital, labour, and material) have statistically significant impact on thefirms? output. In the case of Translog model capital variable is statistically insignificant, but assuming sign of the slope coefficients (i.e.production elasticities) is consistent with economic theory in both models. Results of efficie

Druh

D - Stať ve sborníku

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

CER Comparative European Research 2014

ISBN

978-0-9928772-0-0

ISSN

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e-ISSN

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Počet stran výsledku

4

Strana od-do

92-95

Název nakladatele

Sciemcee Publishing

Místo vydání

London

Místo konání akce

Virtual conference

Datum konání akce

17. 3. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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