Determinants of Efficiency in Least Developed Countries: Further Evidence from Nepalese Manufacturing Firms
使用随机前沿分析方法，研究了尼泊尔制造业企业效率的决定因素，发现大企业更高效，而高资本密集度和高保护水平导致低效率，外国参与和出口强度对效率无显著影响。
Using a translog stochastic production frontier and maximum likelihood econometric methods, we estimate and model the determinants of firm level efficiency in the Nepalese context. Our results are broadly in line with theoretical expectations. We find that large firms are more efficient and that a higher capital intensity leads to inefficiency. There is no statistical evidence to suggest that foreign participation leads to efficiency improvements. Also, we do not observe any link between export intensity and efficiency improvement. We find that higher protection leads to inefficiency. Overall, our results suggest that an outward looking industrial strategy, which relies on less intervention and permits the development of large-scale industries, is conducive to efficiency improvement in least developed countries (LDCs) like Nepal.