Investigating Economic Efficiency in Italy: A Regional Comparison
Juan Gabriel Brida
Free University of Bolzano
Free University of Bolzano - Competence Centre in Tourism Management and Tourism Economics (TOMTE); Universita di Cagliari - Centre for North South Economic Research (CRENOS)
University of Sassari - Faculty of Economics (DEIR) - CRENoS; Economic Research Centre North South (CRENOS)
July 29, 2011
This paper provides a comparative analysis of the hospitality sector using the island of Sardinia and the autonomous province of Bolzano as a case study. The comparison holds its own interest since they are both tourism destinations, though characterized by different features as far as seasonality is concerned. Employing a large sample set, pure technical and scale efficiency are computed using a panel Data Envelopment Analysis. Overall, the empirical findings reveal that the hospitality sector in Sardinia and in Bolzano can be regarded as economically inefficient and mostly depicting decreasing returns to scale. Nevertheless, some distinctive features are detected amongst firms classified by size. Policy implications are drawn to help economic agents to improve their efficiency scores.
Number of Pages in PDF File: 35
Keywords: panel data envelopment analysis, economic efficiency, firms size, regional analysis
JEL Classification: C14, L83, R11working papers series
Date posted: July 29, 2011 ; Last revised: August 15, 2011
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.562 seconds