Professional Paper, Volume 10, Number 4, Year 2012, No 241, pp 221 - 225

Published: Apr 25, 2017

DOI: 10.5937/jaes10-2517

ALLOCATIVE EFFICIENCY AND QM FACTORS COVARIATE IN SERBIAN INDUSTRY

Slobodan Pokrajac 1
Slobodan Pokrajac
Affiliations
  University of Belgrade, Faculty of Mechanical Engineering, Belgrade, Serbia
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∙ Sonja Josipovic 2
Sonja Josipovic
Affiliations
  University of Novi Sad, Faculty of Technical Sciences, Novi Sad, Serbia
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∙ Vesna Spasojevic-Brkic 1
Vesna Spasojevic-Brkic
Affiliations
  University of Belgrade, Faculty of Mechanical Engineering, Belgrade, Serbia
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∙ Nikola Dondur 2
Nikola Dondur
Affiliations
  University of Novi Sad, Faculty of Technical Sciences, Novi Sad, Serbia
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Abstract

Trends of allocative efficiency and covariate of firm size and efficiency of quality management(QM) factors in the Serbian industry were tested on the unbalanced panel sample of 48 industrial firms from 12 industrial sectors in the period 2004-2009. The obtained results show that 10 of 12 sectors have a positive covariate of participation in the output market and multi-factor productivity. Covariates of firm size and efficiency of all QM factors record the same direction in the chemicals sector (positive) and motor vehicles (negative), which means that in those two sectors larger companies had above-average and/or below-average efficient TQM. The same (positive) trend of allocative ef­ficiency and covariates of all QM factors was recorded in manufacture of chemical industry.

Keywords

Allocation Allocative efficiency Covariation Industry QM

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