Efficiency of Spanish Textile Industry Before the Sector s Liberalization
This paper examines the technical efficiency of the Spanish textile industry for the period 1995-2005, by estimating a stochastic production function. The empirical findings show that in the first half of the period most of the textile groups displayed high levels of efficiency, which can be attributed to a situation dominated by complacency and status preservation. In the second half, perhaps as a consequence of the forthcoming liberalization of the sector (on January 1, 2005), there was an increase in inefficiency. This was considered to be a result of the reaction to the new competitive scenario on the part of the enterprises, which is the force for change and the power that drives the sector.
Year of publication: |
2011
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Authors: | Coll, Vicente ; Blasco, Olga ; Molina, Xavier ; MartÃnez, Teresa |
Published in: |
The IUP Journal of Applied Economics. - IUP Publications. - Vol. X.2011, 3, p. 5-24
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Publisher: |
IUP Publications |
Saved in:
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