文章基本信息

标题：Second hand machinery and technical efficiency: An empirical analysis in the South African manufacturing industry
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作者：Leopoldo Laborda Castillo ; Daniel Sotelsek Salem ; Alej 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2012
卷号：6
期号：6
页码：2361-2374
DOI：10.5897/AJBM11.245
语种：English
出版社：Academic Journals
摘要：This paper investigates the relationship between second-hand machinery and equipment and technical efficiency in South Africa’s industrial firms. In general terms, one can state that the obtained results allow the conclusion of the fact that the use of machinery and second hand equipment in emergent economies is not only explained in terms of economic efficiency, as argued by Sen (1962), but also in terms of technical efficiency. In our opinion, the level of real wages plays a decisive role over technical efficiency, both when examined in an isolated manner, as when related to the depth of capital of companies, and with the stock of machinery and second hand equipment used.
关键词：Stochastic frontier analysis (SFA); technical efficiency; manufacturing sector; second hand machinery