Technical efficiency of sea bass and sea bream farming in the Mediterranean Sea by European firms: A stochastic production frontier (SPF) approach

IF 3.8 2区经济学 Q1 AGRICULTURAL ECONOMICS & POLICY Aquaculture Economics & Management Pub Date : 2020-10-01 DOI:10.1080/13657305.2020.1840660

J. L. Fernández Sánchez, Ignacio Llorente García, M. Luna

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引用次数: 11

Abstract

Abstract In recent years, European producers of cultured sea bass and sea bream have experienced a highly competitive market with low prices that have caused profitability challenges. An important factor of economic competitiveness for firms is to produce efficiently. In this paper, technical efficiency of European producers of cultured sea bass and sea bream is evaluated for the period 2008–2017 using the stochastic production frontier (SPF) approach. In addition, the effect of a set of specific-firm factors on firms’ efficiency is investigated. The majority of firms in the sample were found to have a technical efficiency over 90% with Cypriot and Greek firms being, on average, the most efficient. We also found evidence that the technical efficiency of these firms is positively related to their size. Moreover, the high degree of average efficiency means that further production growth requires innovations that move up the production frontier.

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欧洲公司在地中海养殖鲈鱼和鲷鱼的技术效率：随机生产前沿（SPF）方法

摘要近年来，欧洲养殖鲈鱼和鲷鱼生产商经历了一个竞争激烈、价格低廉的市场，这给盈利能力带来了挑战。企业经济竞争力的一个重要因素是高效生产。在本文中，使用随机生产前沿（SPF）方法评估了2008-2017年期间欧洲养殖鲈鱼和鲷鱼生产商的技术效率。此外，还考察了一组特定的企业因素对企业效率的影响。样本中的大多数公司的技术效率超过90%，塞浦路斯和希腊公司平均效率最高。我们还发现有证据表明，这些公司的技术效率与其规模呈正相关。此外，高度的平均效率意味着进一步的生产增长需要向生产前沿迈进的创新。

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来源期刊

Aquaculture Economics & Management FISHERIES-

CiteScore

7.30

自引率

17.90%

发文量

期刊介绍： Aquaculture Economics and Management is a peer-reviewed, international journal which aims to encourage the application of economic analysis to the management, modeling, and planning of aquaculture in public and private sectors. The journal publishes original, high quality papers related to all aspects of aquaculture economics and management including aquaculture production and farm management, innovation and technology adoption, processing and distribution, marketing, consumer behavior and pricing, international trade, policy analysis, and the role of aquaculture in food security, livelihoods, and environmental management. Papers are peer reviewed and evaluated for their scientific merits and contributions.