摘要(英) |
Manufacturing is one of the key engines of Taiwan’s economics. There is no doubt that it plays an important role during the growing of Taiwan’s economic.Hence , we try to focus on Taiwan’s manufacturing and analyze its technicalefficiency.
The principal objective of this article is to estimate technical efficiency (TE)scores by stochastic frontier, proposed by Battese and Coelli (1995), using the data of
Taiwan’s manufacturing two-digit SIC industry(SIC 31) over the period 1992-2005.Except using the plant individual variables, we also consider the macroeconomics andthe financial variables to process the examination. In order to compare different manufacturing plants, which are under specific operating environment and technology,
we adopt metafrontier production function, proposed by Battese, Rao, andO’donnell(2004).
The evidences show that the whole manufacturing technical efficiency scores arebetween 0.6418~0.8393. On the average of technology gap ratio(TGR), the Petroleum and Coal Products Manufacturing(19) achieve the maximum 81.618% which means its production technology is ahead form others and the production frontier is the closest to metafrontier.
Besides, we also compare the technical efficiency between small、medium enterprises and large ones. Based on the definition of the plant scale,we have got that most of the industry’s small and medium enterprises are more efficiency than the large ones. |
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