Technical efficiency, market share and profitability of manufacturing firms in Côte d'Ivoire: the technology trap
Sleuwaegen, Leo Goedhuys, Micheline
Sleuwaegen, Leo
Goedhuys, Micheline
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Publication Type
Journal article with impact factor
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Supervisor
Publication Year
2003-11-01
Journal
Cambridge Journal of Economics
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Publication Volume
27
Publication Issue
6
Publication Begin page
851
Publication End page
866
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Abstract
This paper investigates the sources of inefficiency of firms in Côte d'Ivoire and examines to what extent these effects translate into poor performance. A large majority of firms is technically inefficient, producing far below the maximum attainable output level. Major cost savings can also be realised through enlarging the scale of activities of firms. Efficiency gains and scale advantages translate into a better competitive position and via their impact on market share into higher profitability. However, severe growth barriers and imperfect markets keep firms from realising these gains and prevent firms from catching up in technology with respect to their larger, older and often foreign‐owned competitors.
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Keywords
38 Economics, 3801 Applied Economics, 35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour