engleski

Measuring the Efficiency of the Food Industry in Central and East European Countries by using the Data Envelopment Analysis Approach

The food industry plays an important role in economy of many countries. It is the leading manufacturing industry in EU in terms of turnover, value added and employment. However, it has been facing a decrease in competitiveness lately. In this paper we study the competitiveness of very large companies from the food industry sector in central and east European countries (CEE) by measuring their efficiency within the Data Envelopment Analysis (DEA) approach. The efficiency analysis is conducted by using the BCC model where certain financial ratios are used as its inputs and outputs. The study includes more than 200 very large companies from 13 CEE countries over time period from 2005-2013. The research results have shown that although some countries were more efficient than the others during the entire research period, no patterns in the efficiency of the food industry subsectors could be recognised. On the other hand, DEA approach enabled recognizing sources of inefficiency on a national level.

efficiency ; competitiveness ; food industry ; data envelopment analysis

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