Transient and persistent efficiency: an application to Portuguese wineries

Autores/as

  • Samuel Faria University of Trás-os-Montes and Alto Douro
  • Sofia Gouveia Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD)
  • João Rebelo Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD),

DOI:

https://doi.org/10.17811/ebl.11.1.2022.16-23

Palabras clave:

Wine, Panel data, Productive efficiency, Stochastic frontier models

Resumen

The computation of productive efficiency provides key insights for firm managers and policymakers towards improvements in the competitiveness of businesses and industries, namely those that observe firm heterogeneity and high competition, as is the case of wine. Benefiting from Portuguese wineries panel data, this research measures firms’ productive efficiency, decomposing it into transient and persistent. Results allow us to conclude that wineries can boost overall performance through better input management and long-term policies, such as improvements in market regulation and public firm support.

Biografía del autor/a

Samuel Faria, University of Trás-os-Montes and Alto Douro

Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD), Quinta de Prados, 5001-801 Vila Real, Portugal. Email: samuelf@utad.pt

Sofia Gouveia, Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD)

Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD), Quinta de Prados, 5001-801 Vila Real, Portugal. Email:  sgouveia@utad.pt

João Rebelo, Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD),

Department of Economics, Sociology and Management (DESG), Centre for Transdisciplinary Development Studies (CETRAD), University of Trás-os-Montes and Alto Douro (UTAD), Quinta de Prados, 5001-801 Vila Real, Portugal. Email: jrebelo@utad.pt.

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Publicado

2022-01-21

Cómo citar

Faria, S., Gouveia, S., & Rebelo, J. (2022). Transient and persistent efficiency: an application to Portuguese wineries. Economics and Business Letters, 11(1), 16–23. https://doi.org/10.17811/ebl.11.1.2022.16-23

Número

Vol. 11 Núm. 1 (2022): March

Sección

Artículos

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