Firm efficiency, industry performance and the economy: three-way decomposition with an application to Andalusia

An economy may perform better because the firms become more efficient, the industries are better organized, or the allocation between industries is improved. In this paper we extend the literature on the measurement of industry efficiency (a decomposition in firm contributions and an organizational...

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Bibliographic Details
Published in:Journal of productivity analysis 2014-08, Vol.42 (1), p.25-34
Main Authors: Amores, Antonio F., ten Raa, Thijs
Format: Article
Language:English
Subjects:
Accounting/Auditing
Automotive industries
Competitive advantage
Data envelopment analysis
Decomposition
Econometrics
Economic efficiency
Economics
Economics and Finance
Efficiency
Furniture making
Hypotheses
Industrial efficiency
Industrial output
Industrial production
Industry
Input output analysis
Manufacturing industries
Manufacturing processes
Microeconomics
Office machine manufacturers
Operations Research/Decision Theory
Real estate industry
Shadow prices
Statistical analysis
Variables
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Summary:An economy may perform better because the firms become more efficient, the industries are better organized, or the allocation between industries is improved. In this paper we extend the literature on the measurement of industry efficiency (a decomposition in firm contributions and an organizational effect) to a third level, namely that of the economy. The huge task of interrelating the performance of an economy to industrial firm data is accomplished for Andalusia.
ISSN:0895-562X
1573-0441
DOI:10.1007/s11123-014-0384-0