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Efficiency Measures For Spanish Retailing Firms In A Regulated Market


  • Justo de Jorge

    () (Facultad de Ciencias Economicas y Empresariales, Universidad de Alcala)

  • Cristina Suarez

    () (Facultad de Ciencias Economicas y Empresariales, Universidad de Alcala)


The objective of this work is to analyze the impact on Spanish retail firms¡¯ efficiency of the regulatory process experienced in the period 1996-2002. The intangible nature of services makes them more difficult to quantify, so we combine work measurements with the methodology of the stochastic frontier production function for unbalanced panel data, and for which the firm effects are an exponential function of time. Furthermore, we obtain other relevant technological measurements of these productive processes such as the scale and the technical progress parameters. Our econometric results show great heterogeneity in the firms¡¯ efficiency but without change over the period and the predominance of decreasing returns to scale. They also indicate that technological progress was produced.

Suggested Citation

  • Justo de Jorge & Cristina Suarez, 2007. "Efficiency Measures For Spanish Retailing Firms In A Regulated Market," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 32(1), pages 35-47, June.
  • Handle: RePEc:jed:journl:v:32:y:2007:i:1:p:35-47

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    References listed on IDEAS

    1. Olivier Boylaud, 2000. "Regulatory Reform in Road Freight and Retail Distribution," OECD Economics Department Working Papers 255, OECD Publishing.
    2. Almas Heshmati, 2003. "Productivity Growth, Efficiency and Outsourcing in Manufacturing and Service Industries," Journal of Economic Surveys, Wiley Blackwell, vol. 17(1), pages 79-112, February.
    3. Forsund, Finn R. & Lovell, C. A. Knox & Schmidt, Peter, 1980. "A survey of frontier production functions and of their relationship to efficiency measurement," Journal of Econometrics, Elsevier, vol. 13(1), pages 5-25, May.
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    More about this item


    Efficiency; Regulation; Retail Sector;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce


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