Technical Efficiency of Manufacturing Enterprises in Libya: A Stochastic Frontier Analysis
Journal Title: INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY - Year 2013, Vol 5, Issue 2
Abstract
This paper examines the performance of manufacturing firms in Libya. Specifically, it evaluates firm level technical efficiency. The paper uses an econometric approach based on a stochastic frontier production function to analyze 207 firms from survey conducted from March to May 2013. The results from estimations reveal that technical efficiencies of Libyan manufacturing firms ranging from 37.77 percent to 95.27 percent, with an average of 71.27 percent. While, the percent of firms that considered technically efficient is only 17.87 percent of the total firms.
Authors and Affiliations
Hodud Essmui, Madeline Berma, Faridah Bt. Shahadan, Shamshubarida Bt. Ramlee
Keywords
Related Articles
- EP ID EP654279
- DOI 10.24297/ijmit.v5i2.4445
- Views 159
- Downloads 0
Adoption Of Macroprudential Policy In An Inflationary Economy: Implication For Developing Economies
Purpose: The purpose of this paper is to critique the suitability of macro prudential policy as a proactive and effective toolkit for mitigating financial system risk in developing economies.Design/methodology/approach:...
The Use of Grounded Theory to evaluate the Interactive Effect of Farmer Entrepreneur and Economic Development of Ghana
Widely seen is entrepreneurship being a key to competence which is necessary to build-up a developed economy globally. There is a consistent relationship between economic prosperity and entrepreneurial activities which h...
The Role of Contextual Factors in Knowledge Transfer in Transactional Projects
Nowadays, with a significant growth in the number of organizations, they seeks to increase their competitive advantages as much as possible. One of the effective approaches is knowledge management, through which organiza...
Classes of Unique Face and Its Classification
Near resembling faces ,Look alike faces, disguised faces and many more are todays challenges for researchers in the field of face recognition and these challenges become more serious in case of large facial Variations. H...
THE ATTITUDES OF NCE STUDENTS TOWARDS USE OF INTERNET AT USCOEGA
This research work examines the attitudes of Nigerian Certificate in Education (NCE) students towards use of InternetatUmar Sulaiman College of Education Gashua (USCOEGA) in the year 20010/11 academic session. In this co...