Online from: 1973
Subject Area: Industry and Public Sector Management
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|Title:||Estimating technical efficiency and bootstrapping Malmquist indices: Analysis of Spanish retail sector|
|Author(s):||Justo de Jorge Moreno, (Business Department, University of Alcala, Madrid, Spain), María Sanz-Triguero, (Business Department, University of Alcala, Madrid, Spain)|
|Citation:||Justo de Jorge Moreno, María Sanz-Triguero, (2011) "Estimating technical efficiency and bootstrapping Malmquist indices: Analysis of Spanish retail sector", International Journal of Retail & Distribution Management, Vol. 39 Iss: 4, pp.272 - 288|
|Keywords:||Business development, Computer bootstrapping, Process efficiency, Productivity rate, Retailing, Spain|
|Article type:||Research paper|
|DOI:||10.1108/09590551111117545 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
Purpose – The purpose of this work is twofold: on the one hand, recent methodologies will be used to estimate efficiency and productivity in Spain's non-specialized retail sector for the period of 1997-2007. In particular, the order-
Design/methodology/approach – The paper used data envelopment analysis stochastic (order-
Findings – In order to illustrate the methodology proposed in this paper different phases involved; first, we have estimated the efficiency in 12 sectors of the retail sector four digits NACE, we found high levels of inefficiency in most of the sectors analyzed over the period of analysis. Next, we will deepen and simplify the analysis by concentrating on food-predominant sectors in non-specialised shops (5211). The evolution of the efficiency of firms belonging to this sector decreases over the period of analysis. Analyzing the relationship between firms and size, the results obtained in this work shows that the firm's size have a positive influence on efficiency that suggest that the management may have incentives to grow in order to improve their efficiency levels. Our second contribution has to do with the use of bootstrapping Malmquist productivity indices. Productivity decreased at an average rate of -4.1 percent over the entire period of 1997-2007. On average, this deterioration was due to efficiency change -6.1 percent. Technical progress is increased at an average rate of 2.1 percent. All rates at global level are statistically significant at 95 percent.
Originality/value – The main contribution of this paper is to provide an efficiency analysis using a non-parametric approach with a robust estimator that has been suggested recently by Cazals
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