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Vortrag
Inefficiency in the German Mechanical Engineering Sector

Alexander Schiersch


25th Annual Congress of the European Economic Association : EEA 2010
Glasgow, Großbritannien, 23.08.2010 - 26.08.2010


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Abstract:
This paper examines the relative efficiency in the German engineering industry. Applying recently developed DEA methods on roughly 23,000 observations between 1995 and 2004 three expectations are tested: (i) there is a left skewed efficiency as expected in competitive industries, (ii) efficiency increase with firm size (iii) the expected efficiency gap between size classes is stable. The results reject the first two expectations. The efficiency scores are almost normal distributed with an overall mean of 0.69. Although the efficiency differs significantly with firm size, medium-sized firms are the least efficient on average. The efficiency gap narrows over time.

Abstract

This paper examines the relative efficiency in the German engineering industry. Applying recently developed DEA methods on roughly 23,000 observations between 1995 and 2004 three expectations are tested: (i) there is a left skewed efficiency as expected in competitive industries, (ii) efficiency increase with firm size (iii) the expected efficiency gap between size classes is stable. The results reject the first two expectations. The efficiency scores are almost normal distributed with an overall mean of 0.69. Although the efficiency differs significantly with firm size, medium-sized firms are the least efficient on average. The efficiency gap narrows over time.

Alexander Schiersch

Wissenschaftlicher Mitarbeiter in der Abteilung Unternehmen und Märkte



JEL-Classification: C14;L60
Keywords: DEA, German engineering firms
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