Jurnal Ekonomi Pembangunan
Vol. 17 No. 2 (2019): Jurnal Ekonomi Pembangunan

The Efficiency of the Pharmaceutical Industry in Indonesia: A Stochastic Frontier Approach

Fitrah Minangsari (Universitas Sriwijaya)
Bernadette Robiani (Universitas Sriwijaya)
Mukhlis Mukhlis (Universitas Sriwijaya)

Article Info

Publish Date
26 Dec 2019

Abstract

This study aims to analyze the efficiency of the pharmaceutical industry (ISIC code: 21012) in Indonesia. The data used in this study are secondary data from 2000 to 2015. The analysis technique used in this study is the Stochastic Frontier Approach. Based on the results of the analysis, it can be seen that the pharmaceutical industry in Indonesia of 2000-2015 in technically it has not Reached amount of 0.96455986 optimal efficiencies. The capital variable does not have a significant effect on the output produced by the producer in the pharmaceutical industry, while the labor variable has it.

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Journal Info
Jurnal Ekonomi Pembangunan
Website

Abbrev

jep

Publisher

Universitas Sriwijaya

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi Pembangunan is a peer-reviewed journal that provides a forum for scientific works pertaining to Development Economics. Published twice in a year (June and December). This Journal has p-ISSN 1829-5843, and e-ISSN 2685-0788. This journal was first published since June 2003 by the ...