Clustering and technical efficiency of micro and small enterprises in Thua Thien Hue province, Central Vietnam
1999
The, B.D.
Econometric analysis using stochastic frontier methods is undertaken to estimate levels of technical efficiency of firms in the two sectors. It is found that there exists a wide dispersion of technical efficiency across firms especially for non-clustered ones, and clustered firms are more technically efficient than their non-clustered counterparts. Analysis of technical efficiency shows that clustering, among other things is a significant determinant of firm-level technical efficiency. The study also shows that clustering attributes and firm's characteristics exert effects on technical efficiency in a sector specific manner. The study has offered a number of policy implications to increase technical efficiency of firms and to reduce the inter-firm variance in efficiency. Proposed policies include those at national and industry levels to make market more competitive and transparent as well as policies at firm-level to improve firms' human capital and technical capability
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