ANALISIS EFISIENSI INDUSTRI KECIL BERDASARKAN ANALISIS STOCHASTIC FRONTIER

M. Farid Wajdi(1*)

(1) Program Studi Manajemen Fakultas Ekonomi Universitas Muhammadiyah Surakarta
(*) Corresponding Author

Abstract

The aimed of this study is to analyze the achievement of technical efficiency in small
businesses. The input factors that were analyzed are capital and worker, while the output factor is the
product of the firm. Analysis using stochastic frontier. The result of analysis of technical efficiency
show that the achievement of technical efficiency of enterprises of the study sample was quite good
category. While the returns to scale the firms are decreasing returns to scale (DRS). The role of capital
and worker aspects have little effect on improving the company’s production on the overall study
sample. If the capital increase of 1% will be able to raise production by 0193%. whereas if there is the
addition of 1% of workers will increase production by 0005%. Based on the stochastic frontier
technical efficiency analysis of each sub-sector that the handicraft sub-sector efficiency is highest.

Keywords

Technical efficiency, stochastic frontier, return to scale,small industries

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DOI: 10.23917/benefit.v16i1.1357

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