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Technical efficiency in the Vietnamese manufacturing sector
journal contribution
posted on 2023-06-07, 22:29 authored by Hung T Pham, Thanh L Dao, Barry ReillyThe manufacturing sector has developed into the Vietnamese economy's most important sector on the basis of its contribution to export and GDP growth over the past decade. The doi moi reform process transformed Vietnam's manufacturing activity from a state-dominated sector to a vibrant one containing important roles for both newly created domestic and foreign-invested private firms. This paper employs a stochastic frontier estimation approach, in conjunction with data drawn from the Vietnam Enterprise Survey for 2003, to estimate and inform the determinants of technical efficiency in the manufacturing sector. The empirical results reveal that an average manufacturing enterprise is operating at nearly 62 per cent of its technically efficient frontier with an estimated standard deviation of around 16 per cent. The study provides empirical evidence of a positive relationship between technical efficiency, export orientation and several measures of trade openness.
History
Publication status
- Published
Journal
Journal of International DevelopmentISSN
0954-1748External DOI
Issue
4Volume
22Page range
503-520Department affiliated with
- Economics Publications
Full text available
- No
Peer reviewed?
- Yes