How Much Technically Efficient Is The South Asian Region? An Intra-Regional Comparison Among Its Affiliates

South Asia Economic Journal Pub Date : 2023-03-01 DOI:10.1177/13915614231158435

N. Arora, Ishfaq Ali Ganaie

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Abstract

This study presents an analysis of the intra-regional performance of South Asian economies in terms of their productive efficiency during the period 1985–2019. A window data envelopment analysis (dea) based technique with bootstrapping is used to model the production frontier for seven South Asian economies to estimate their efficiency levels. The results show substantial differences in technical efficiency levels across South Asian economies and thus, the existence of vast potential to catch up with the best practices is revealed among these economies. On an average, the extent of technical inefficiency in south asia is about 46.92% per annum after adjusting for statistical bias. This is indicative of a huge gap in laggard and best practices within region. Both managerial and scale components of efficiency performance are equally responsible for observed production inefficiency in south asia. The existence of managerial inefficiency reflects failure of policy planners among affiliate countries to catch-up the best practices within South Asian region. However, the observed scale inefficiency (SIE) is because of the dominance of scale economies over diseconomies that urges need of enlarging cooperation among member nations. JEL Codes: F02, D240, C610

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南亚地区的技术效率有多高?其附属机构的区域内比较

本研究分析了1985-2019年南亚经济体在生产效率方面的区域内表现。采用基于窗口数据包络分析(dea)的自举技术对七个南亚经济体的生产边界进行建模，以估计其效率水平。结果表明，南亚各经济体的技术效率水平存在巨大差异，因此，这些经济体之间存在追赶最佳实践的巨大潜力。在调整统计偏差后，南亚的技术效率低下程度平均每年约为46.92%。这表明该区域在落后和最佳做法方面存在巨大差距。效率绩效的管理成分和规模成分同样对南亚观察到的生产效率低下负有责任。管理效率低下的存在反映了附属国家的政策规划者未能赶上南亚区域内的最佳做法。然而，所观察到的规模无效率(SIE)是由于规模经济对不经济的主导，这促使成员国之间需要扩大合作。JEL代码:F02, D240, C610

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来源期刊

South Asia Economic Journal Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

1.10

自引率

0.00%

发文量

期刊介绍： The South Asian nations have progressively liberalized their economies in recent years in an effort to integrate with the world economy. They have also taken steps to enhance multilateral and regional economic integration. Even though the South Asian economies have grown at an average rate of more than 5 per cent over the last few years, roughly 40 per cent of their people still live below the poverty line. Hence, the South Asian region continues to face many challenges of economic and social development. The South Asia Economic Journal (SAEJ) is designed as a forum for informed debate on these issues, which are of vital importance to the people of the region who comprise one-sixth of the world’s population. The peer-reviewed journal is devoted to economic analysis and policy options aimed at promoting cooperation among the countries comprising South Asia. It also discusses South Asia’s position on global economic issues, its relations with other regional groupings and its response to global developments. We also welcome contributions to inter-disciplinary analysis on South Asia. As a refereed journal, SAEJ carries articles by scholars, economic commentators,policy-makers and officials, from both the private and public sectors. Our aim is to create a vibrant research space to explore the multidimensional economic issues of concern to scholars working on South Asia. Among the issues debated in relation to South Asia are: - the implications of global economic trends; - the issues and challenges by WTO; - approaches to industrialization and development; - the role of regional institutions such as the SAARC; - the relationship between SAARC and other regional economic groupings such as ASEAN; - the implications of economic liberalization for trade and investment in the region; - new initiatives that can be launched to enhance economic cooperation among the South Asian countries both on a bilateral and a regional basis.