Efficiency of Meat Products Industry in Greece: A Bootstrap DEA Approach

By Ioanna Keramidou, Angelos Mimis, Evangelia Pappa and Spyros Filios.

Published by The Social Sciences Collection

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Article: Electronic $US5.00

In this paper, the productive efficiency of the Greek meat products industry is analyzed, based on a sample of firm-level surveys between the period 1994-2007, using a Data Envelopment Analysis (DEA) bootstrapping approach. The purpose of this technique is to obtain the bias corrected estimates and confidence intervals of efficiency scores and provide results that are more reliable. The results reveal: (i) a significant degree of inefficiency (approximately 21%) over the period considered and (ii) the presence of a clear decreasing trend of the efficiency scores in the sample; the average efficiency was declined from 85% in 1994 to 75% in 2007. The study contributes to the meat industry literature, by adopting an approach that has rarely been applied in this context. The results can offer more information about the best practises in this industry. Thus, they can help institutions and managers to propose more consistent and cohesive strategies in order to improve efficiency.

Keywords: Efficiency, DEA (Data Envelopment Analysis), Bootstrap Method, Meat Products Manufacturing Firms, Greece

International Journal of Interdisciplinary Social Sciences, Volume 5, Issue 9, pp.15-28. Article: Print (Spiral Bound). Article: Electronic (PDF File; 790.554KB).

Dr. Ioanna Keramidou

Lecturer, Department of Economic and Regional Development, Panteion University of Social and Political Sciences, Athens, Greece

Ioanna Keramidou was born in Piraeus-Greece in 1961. She graduated from Panteion University of Social and Political Sciences, Department of Public Administration – Athens - in 1985. In 1988, she obtained a master in “The institution of Collective negotiations in postwar Greece” at Institute of Regional Development, and in 1996, a Ph.D. at Department of Economic and Regional Development - Panteion University. The subject of her Ph.D. thesis was “The regulation form of the wage labor nexus in Greece after World war II”. From 1989 until 1994, she taught economics at Panteion University, while she has widely been working on academic she worked widely in academic research programs within the framework of the same University and Institute of Regional Development. Since 2003, she is a lecturer in the Department of Economic and Regional Development in the field of Economic theorie and politic, and a researcher at Institute of Labor GSEE. In 1999-2000, she taught economics at National School of Public Administration (post-graduate level). Her research interests include economic development with emphasis on labor economics as well as competiveness and efficiency of firms. She has published several articles in economic journals, while she wrote a book entitled “Crises and universality: the case of Greece” which was published by Stohastis in 2002.

Dr. Angelos Mimis

Lecturer, Department of Economic and Regional Development,, Panteion University of Social and Political Sciences, Athens, Greece

Angelos Mimis was born in Johannesburg – South Africa in 1973. He graduated from the Mathematics Department of University of Patras in 1996. In 1997, he was awarded an MSc in Industrial Applied Mathematics with distinction, from the University of Southampton. In 2001 he was awarded a PhD from the School of Mathematics in Leeds University. This research has the title “The efficient parametrization and optimization of mechanical parts” and was carried out with the financial support of EPSRC. The academic year 2000-2001 he was appointed as a research fellow in the Department of Medical Physics in the University of Leeds. He then moved into industry and in the Computational Fluid Dynamics department of Reynards motorsport. He then continued collaboration with BAR, BAR-Honda until 2006 when he was employed by the Panteion University of Athens as IT personnel. In 2008, he was appointed as a Lecturer in the Department of Regional and Economic Development in Panteion University of Athens in the field of Informatics. He is currently giving lectures in various subjects including Geographic Information Systems in undergraduate and in postgraduate level. Finally he is the IT manager of the Research Institute of Urban Environment and Human Resources.

Dr. Evangelia Pappa

PhD Candidate, Department of Economic and Regional Development, University Panteion of Athens, Athens, Greece

Evangelia Pappa was born in Epirus, Greece in 1980. She graduated from Panteion University of Social and Political Sciences, Department of Economic and Regional Development – Athens – in 2003. In 2006, she received her master degree in “Entrepreneurial Innovation and Regional Development” from the Department of Economic and Regional Development at Panteion University. Since July 2006, she has been working her PhD dissertation with the preliminary title “Entrepreneurial Innovation and Development: The case of Greek Economy”, (Supervisor: Professor Theofanis Pakos). Along with her doctoral studies she worked at National Bank of Greece as assistant in corporate banking and trade finance services. She has conducted seminars on “Industrial Organization and Policy” to undergraduate students and participated in several projects as a research assistant in the area of public finance and urban development. Her research interests are in the fields of industrial development, innovation and entrepreneurship, efficiency analysis.

Spyros Filios

PhD Candidate, Department of Economic and Regional Development, Panteion University of Social and Political Sciences, Athens, Greece

Spyros Filios is an Applications Professor of Macroeconomics, International Management and Marketing Services in the Marketing Department of the Technological Education Institute of Athens. He is also a scientific collaborator (fellow) in the Panteion University of Social and Political Sciences of Athens. He has participated in a variety of conferences concerning the domain of Transport Policy and Quantitative Methods of Economical Analysis. In addition he is completing his PhD on “Inter-Balkan Transportations and European Integration of the Region: The Case Study of Greece and Bulgaria” at the Panteion University of Athens.

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