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Technical efficiency of sea bass and sea bream farming in the Mediterranean Sea by European firms: A stochastic production frontier (SPF) approach

Abstract: In recent years, European producers of cultured sea bass and sea bream have experienced a highly competitive market with low prices that have caused profitability challenges. An important factor of economic competitiveness for firms is to produce efficiently. In this paper, technical efficiency of European producers of cultured sea bass and sea bream is evaluated for the period 2008-2017 using the stochastic production frontier (SPF) approach. In addition, the effect of a set of specific-firm factors on firms' efficiency is investigated. The majority of firms in the sample were found to have a technical efficiency over 90% with Cypriot and Greek firms being, on average, the most efficient. We also found evidence that the technical efficiency of these firms is positively related to their size. Moreover, the high degree of average efficiency means that further production growth requires innovations that move up the production frontier.

 Autoría: Fernández Sánchez J.L., Llorente García I., Luna M.,

 Fuente: Aquaculture Economics and Management, 2020, 24(4), 526-539

Editorial: Taylor and Francis Ltd.

 Año de publicación: 2020

Nº de páginas: 14

Tipo de publicación: PrePrint

 DOI: 10.1080/13657305.2020.1840660

ISSN: 1365-7305,1365-7313

 Proyecto europeo: info:eu-repo/grantAgreement/EC/H2020/727315/EU/Mediterranean Aquaculture Integrated Development/MedAID/

Url de la publicación: https://doi.org/10.1080/13657305.2020.1840660