1. The Covid-19 pandemic and technical efficiency of Russian firms: a stochastic frontier production function approach.
- Author
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Singh, Parul, Arora, Kashika, and Siddiqui, Areej Aftab
- Subjects
COVID-19 pandemic ,INDUSTRIAL efficiency ,COBB-Douglas production function ,STOCHASTIC frontier analysis ,DOMESTIC economic assistance - Abstract
Purpose: This paper aims to undertake the efficiency analysis in the form of stochastic frontier to estimate a Cobb–Douglas production function by controlling for the heterogeneity across Russian firms by including firm size, ownership, age, innovation activity and market competition. Design/methodology/approach: During the peak period of Covid-19, certain firms witnessed either a decrease or increase in sales. Using this segregation of firms from World Bank's Covid-19 impact surveys follow-up to the Enterprise Survey for Russia, this study empirically investigates the determinants of technical efficiency of these firms focusing on the role of government assistance. Findings: The findings suggest that by segregating firms in terms of sales, different internal factors can enable in steering through pandemic situation besides just depending on external assistance. Originality/value: One of the few papers to analyse the impact of the pandemic on Russian firms by considering World Bank Covid Survey. [ABSTRACT FROM AUTHOR]
- Published
- 2022
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