A CROSS-COUNTRY COMPARISON OF EFFICIENCY OF FIRMS IN THE FOOD INDUSTRY

Abstract

Stochastic frontier analysis is used to determine the relative efficiency of firms in the food industry in industrialized countries. Using panel data analysis, the firm-specific factors, firm-size, the corporate tax rate and number of years of operation and country-specific effects as potential sources of efficiency are investigated. Relevant implications are discussed.Agribusiness, Industrial Organization,