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Efficiency Measures For Spanish Retailing Firms In A Regulated Market

Author

Listed:
  • Justo de Jorge

    (Facultad de Ciencias Economicas y Empresariales, Universidad de Alcala)

  • Cristina Suarez

    (Facultad de Ciencias Economicas y Empresariales, Universidad de Alcala)

Abstract

The objective of this work is to analyze the impact on Spanish retail firms¡¯ efficiency of the regulatory process experienced in the period 1996-2002. The intangible nature of services makes them more difficult to quantify, so we combine work measurements with the methodology of the stochastic frontier production function for unbalanced panel data, and for which the firm effects are an exponential function of time. Furthermore, we obtain other relevant technological measurements of these productive processes such as the scale and the technical progress parameters. Our econometric results show great heterogeneity in the firms¡¯ efficiency but without change over the period and the predominance of decreasing returns to scale. They also indicate that technological progress was produced.

Suggested Citation

  • Justo de Jorge & Cristina Suarez, 2007. "Efficiency Measures For Spanish Retailing Firms In A Regulated Market," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 32(1), pages 35-47, June.
    • Handle: RePEc:jed:journl:v:32:y:2007:i:1:p:35-47
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    References listed on IDEAS

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    3. Almas Heshmati, 2003. "Productivity Growth, Efficiency and Outsourcing in Manufacturing and Service Industries," Journal of Economic Surveys, Wiley Blackwell, vol. 17(1), pages 79-112, February.
    4. K. P. Kalirajan & R. T. Shand, 1999. "Frontier Production Functions and Technical Efficiency Measures," Journal of Economic Surveys, Wiley Blackwell, vol. 13(2), pages 149-172, April.
    5. Forsund, Finn R. & Lovell, C. A. Knox & Schmidt, Peter, 1980. "A survey of frontier production functions and of their relationship to efficiency measurement," Journal of Econometrics, Elsevier, vol. 13(1), pages 5-25, May.
    6. George E. Battese & Greg S. Corra, 1977. "Estimation Of A Production Frontier Model: With Application To The Pastoral Zone Of Eastern Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(3), pages 169-179, December.
    7. Carree, Martin A. & Nijkamp, Joyce, 2001. "Deregulation in retailing: the Dutch experience," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 225-235.
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    Cited by:

    1. de Jorge Moreno, Justo, 2008. "Evaluation of technical efficiency among entrant and incumbent firms in the Spanish retailing sector: The effects of deregulation from a regional perspective," Journal of Retailing and Consumer Services, Elsevier, vol. 15(6), pages 500-508.

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    More about this item

    Keywords

    Efficiency; Regulation; Retail Sector;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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