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  • The aim of this paper is to estimate technical efficiency of food processing firms in the Czech Republic based on panel data from years 2005–2011 and find out whether crisis, started at the year 2008, had significant impact on technical efficiency. Taking into account the fact, that firm heterogeneity can influence estimation results, we used „True“ random effects model without as well as with heteroscedasticity assumption. For empirical study unbalanced panel data set contained 3,889 observations of 839 food processing Czech companies was used. The data set represents 9 branches of food processing industry, 14 regions of the Czech Republic. Using stochastic frontier analysis and z-test we verified that in most cases variables (capital, labour, material and dummy-variable for testing differences in efficiency through the crisis period) have statistically significant impact on the firms’ output.
  • The aim of this paper is to estimate technical efficiency of food processing firms in the Czech Republic based on panel data from years 2005–2011 and find out whether crisis, started at the year 2008, had significant impact on technical efficiency. Taking into account the fact, that firm heterogeneity can influence estimation results, we used „True“ random effects model without as well as with heteroscedasticity assumption. For empirical study unbalanced panel data set contained 3,889 observations of 839 food processing Czech companies was used. The data set represents 9 branches of food processing industry, 14 regions of the Czech Republic. Using stochastic frontier analysis and z-test we verified that in most cases variables (capital, labour, material and dummy-variable for testing differences in efficiency through the crisis period) have statistically significant impact on the firms’ output. (en)
Title
  • Estimation of Technical Efficiency of Food Processing Firms in the Czech Republic over the crisis period
  • Estimation of Technical Efficiency of Food Processing Firms in the Czech Republic over the crisis period (en)
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  • Estimation of Technical Efficiency of Food Processing Firms in the Czech Republic over the crisis period
  • Estimation of Technical Efficiency of Food Processing Firms in the Czech Republic over the crisis period (en)
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  • RIV/60460709:41110/14:64552!RIV15-MSM-41110___
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  • S
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  • Rudinskaya, Tamara
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  • 15073
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  • RIV/60460709:41110/14:64552
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  • Food processing industry, technical efficiency, Stochastic Frontier Analysis (en)
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  • [A293A2C350C6]
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  • Olomouc
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  • 32nd International Conference on Mathematical Methods in Economics 2014
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  • Rudinskaya, Tamara
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  • 0
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  • Univerzita Palackého v Olomouci
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  • 978-80-244-4209-9
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  • 41110
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