What are the characteristics of an efficient firm in developing countries’ private sector? The case of Vietnam
Journal Title: Journal of Economic Development, Environment and People - Year 2018, Vol 7, Issue 2
Abstract
The private sector is the primary source of local development in developing countries. Previous research in developing countries has documented many factors contributing to firm-level efficiency. However, which of these factors are most likely to correlate with efficiency? This paper studies the relative importance of the firm-level efficiency determinants in a transitional economy, using a firm-level panel dataset in Vietnam between 2005 and 2015. The empirical results show that firm-specific production and labor characteristics are the most significant determinants of efficiency. Thus, firms actively seeking to improve their own production process and labor force can be well-rewarded. Moreover, government technical supports and human resource training programs, combined with anti-corruption efforts, are beneficial for firm-level efficiency, thereby improving the living standards in developing economies.
Authors and Affiliations
Linh PHAM
Keywords
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- EP ID EP329751
- DOI 10.26458/jedep.v7i2.584
- Views 66
- Downloads 0
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