ISSN 2736-1756
Advanced Journal of Microbiology Research Vol. 2015
Available online at http://internationalscholarsjournals.org/journal/ajmr
© 2015 International Scholars Journals
Full Length Research Paper
Economic efficiency analysis in Côte d’Ivoire
Wautabouna Ouattara
Department of Economics and management, CAPEC (Cellule d’Analyse de Politiques Economiques du Cires), University of Cocody – Abidjan, Côte d’Ivoire. E-mail: [email protected].
Accepted 16 August, 2011
Abstract
This study investigates the determinant factors of economic efficiency in Cote d’Ivoire. We estimated a stochastic production frontier by the maximum likelihood method. For a deeper analysis, we considered a cost frontier and compared the scores of efficiency for each industrial sector. The findings of an investigation of about 3,000 firms observed from 2003 - 2006 reveal that the Ivorian economy is not economically efficient as a consequence of the ensuing: socio-political instabilities; outside debt burden; unemployment rate; and weakness in savings on organizational productivity. Therefore, this study recommends a permanent mechanism of supervision for economic efficiency indicators; promotion of a factual and evocative employment policy for the youth; and the enforcement of granting financial aid to enterprises to assist them in having high added value to improve organizational productivity.
Key words: Economic efficiency, technical efficiency, allocative efficiency, productivity, profit.