Persistence of Price–Cost Margin and Technical Efficiency in the Indonesian Food and Beverage Industry

IF 1.9 Q3 BUSINESS

International Journal of the Economics of Business Pub Date : 2019-04-23 DOI:10.1080/13571516.2019.1592996

Maman Setiawan

引用次数: 8

Abstract

Abstract This research investigates the persistence of price–cost margin (PCM) and technical efficiency (TE) of firms and the relation between these two factors in 44 subsectors of the Indonesian food and beverage industry in the period 1980–2014. Data envelopment analysis with a bootstrapping approach is applied to estimate TE. An autoregressive model, accounting for endogeneity, is applied to estimate the persistence coefficients of PCM and TE. A cross-sectional regression model is also applied to estimate the relation between the persistence of the PCM and the persistence of TE. The results show that for these food and beverage firms, high PCM and low TE persist. Furthermore, the persistence of PCM negatively affects the persistence of TE in the industry.

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印尼食品和饮料行业价格成本边际和技术效率的持久性

摘要本研究考察了1980-2014年印尼食品饮料行业44个子行业中企业价格成本边际(PCM)和技术效率(TE)的持续性以及这两个因素之间的关系。采用自举方法的数据包络分析来估计TE。采用考虑内生性的自回归模型估计了PCM和TE的持续系数。采用横截面回归模型估计了PCM持续时间与TE持续时间之间的关系。结果表明，对于这些食品和饮料公司，高PCM和低TE持续存在。此外，PCM的持续存在对行业TE的持续存在产生了负面影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of the Economics of Business BUSINESS-

CiteScore

2.60

自引率

8.30%

发文量

期刊介绍： International Journal of the Economics of Business presents original, peer reviewed research in economics that is clearly applicable to business or related public policy problems or issues. The term "business" is used in its widest sense to encompass both public and private sector—governmental, private non-profit and cooperative organizations, as well as profit-seeking enterprises. International Journal of the Economics of Business carries papers relating to three main spheres: The organization—to analyse and aid decision making and the internal organization of the business; The industry—to analyse how businesses interact and evolve within and across industries.

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