Economic efficiency of Colombian agricultural companies: an empirical study of stochastic production frontiers
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Redalyc
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad Nacional de Colombia
2021
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| _version_ | 1876479424421953536 |
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| author | Milena Arias-Robles |
| author_facet | Milena Arias-Robles |
| contents | Economic efficiency of Colombian agricultural companies: an empirical study of stochastic production frontiers Milena Arias-Robles Silverio Alarcón Ingeniería JEL D22 O13 Q10 Location By estimating a stochastic frontier production function that links labor and capital variables in 410 agricultural companies, the behavior of the agricultural productive efficiency in Colombia was evaluated, as well as its effects by geographic location and business size. Results showed that the factors that contribute most to the production function are related to the labor force, business liquidity and intangible assets, aspects that provide competitive advantages for medium and large companies; therefore, we suggest to improve the political-private strategy of business management with incentives for associativity, economic financing, access to R+D+i and transfer, directed to small agricultural companies. 2021 artículo científico 0012-7353 https://www.redalyc.org/articulo.oa?id=49668215006 https://www.redalyc.org/journal/496/49668215006/ https://www.redalyc.org/journal/496/49668215006/html/ https://www.redalyc.org/journal/496/49668215006/49668215006.epub https://www.redalyc.org/journal/496/49668215006/movil 10.15446/dyna.v88n216.85925 en http://www.redalyc.org/revista.oa?id=496 Dyna application/pdf Universidad Nacional de Colombia Dyna (Colombia) Num.216 Vol.88 |
| format | Artículo científico |
| id | redalyc_49668215006 |
| institution | Redalyc |
| language | en |
| publishDate | 2021 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | Economic efficiency of Colombian agricultural companies: an empirical study of stochastic production frontiers Milena Arias-Robles Ingeniería JEL D22 O13 Q10 Location Economic efficiency of Colombian agricultural companies: an empirical study of stochastic production frontiers Milena Arias-Robles Silverio Alarcón Ingeniería JEL D22 O13 Q10 Location By estimating a stochastic frontier production function that links labor and capital variables in 410 agricultural companies, the behavior of the agricultural productive efficiency in Colombia was evaluated, as well as its effects by geographic location and business size. Results showed that the factors that contribute most to the production function are related to the labor force, business liquidity and intangible assets, aspects that provide competitive advantages for medium and large companies; therefore, we suggest to improve the political-private strategy of business management with incentives for associativity, economic financing, access to R+D+i and transfer, directed to small agricultural companies. 2021 artículo científico 0012-7353 https://www.redalyc.org/articulo.oa?id=49668215006 https://www.redalyc.org/journal/496/49668215006/ https://www.redalyc.org/journal/496/49668215006/html/ https://www.redalyc.org/journal/496/49668215006/49668215006.epub https://www.redalyc.org/journal/496/49668215006/movil 10.15446/dyna.v88n216.85925 en http://www.redalyc.org/revista.oa?id=496 Dyna application/pdf Universidad Nacional de Colombia Dyna (Colombia) Num.216 Vol.88 |
| title | Economic efficiency of Colombian agricultural companies: an empirical study of stochastic production frontiers |
| topic | Ingeniería JEL D22 O13 Q10 Location |
| url | https://www.redalyc.org/articulo.oa?id=49668215006 https://www.redalyc.org/journal/496/49668215006/ https://www.redalyc.org/journal/496/49668215006/html/ https://www.redalyc.org/journal/496/49668215006/49668215006.epub https://www.redalyc.org/journal/496/49668215006/movil |