| ID | 128836 |
| Title Proper | Market structure and technical efficiency of Spanish defense contractors |
| Language | ENG |
| Author | Brown, Néstor Duch ; Fonfría, Antonio ; Baute, Elisa Trujillo |
| Publication | 2014. |
| Summary / Abstract (Note) | This paper uses an output-oriented stochastic distance function to compute defense contractors' technical efficiency as a measure of performance. Then, nesting a market structure and conduct equation into the frontier, we identify firm and industry factors that affect the observed inefficiency levels. The empirical results confirm that there exist multi-directional causal correlations among market structure, conduct, and performance of defense contractors. In addition, the paper shows that there exists a great variability among the different sectors that compose the defense industrial base. Therefore, policies oriented to influence the industry must take into account the multi-directional causal relation among its components. |
| `In' analytical Note | Defence and Peace Economics Vol.25, No.1; February 2014: p.23-38 |
| Journal Source | Defence and Peace Economics Vol.25, No.1; February 2014: p.23-38 |
| Key Words | Market Structure ; Efficiency ; Defense Industrial Base ; Defence Economy ; Economic Cycle ; Monetary Policy ; Fiscal Policy ; Public Finance ; Spain ; Spanish Economy ; Spanish Defence Expenditure ; Defence Policy ; Defence Strategy ; Defence Industry ; Defence Procurement |