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What are the characteristics of an efficient firm in developing countries’ private sector? The case of Vietnam

The Journal of Economic Development, Environment and People

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Field Value
 
Title What are the characteristics of an efficient firm in developing countries’ private sector? The case of Vietnam
 
Creator PHAM, Linh
 
Subject Economic Development
efficiency, SMEs, transitional economy
D2, L2, O25
 
Description The private sector is the primary source of local development in developing countries. Previous research in developing countries has documented many factors contributing to firm-level efficiency. However, which of these factors are most likely to correlate with efficiency? This paper studies the relative importance of the firm-level efficiency determinants in a transitional economy, using a firm-level panel dataset in Vietnam between 2005 and 2013. The empirical results show that firm-specific production and labor characteristics are the most significant determinants of efficiency. Thus, firms actively seeking to improve their own production process and labor force can be well-rewarded. Moreover, government technical supports and human resource training programs, combined with anti-corruption efforts, are beneficial for firm-level efficiency, thereby improving the living standards in developing economies.
 
Publisher Spiru Haret University
 
Contributor —
 
Date 2018-08-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
text/html
 
Identifier http://ojs.spiruharet.ro/index.php/jedep/article/view/jedep.v7i2.584
10.26458/jedep.v7i2.584
 
Source Journal of Economic Development, Environment and People; Vol 7, No 2 (2018); 37-55
2285-3642
 
Language eng
 
Relation http://ojs.spiruharet.ro/index.php/jedep/article/view/jedep.v7i2.584/pdf
http://ojs.spiruharet.ro/index.php/jedep/article/view/jedep.v7i2.584/html
 
Coverage —
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Rights Copyright (c) 2018 Linh PHAM
http://creativecommons.org/licenses/by-nc-sa/4.0