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

• 作者: Nguyen Khac Minh Nguyen Thi Phuong Pham Van Khanh
• 来源期刊: 美国运筹学期刊(英文)
• 学科: 医学
• 关键词: Misallocation Super-Efficient Slack-Based MEASURED EFFICIENCY
• 年，卷（期）: 2018,（2）
• 页码范围: 63-81
• 页数: 19页
• 分类号: R73

摘要

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.