Tag Archives: Economic Efficiency

Financial sector Reforms in Bank Ownership and its impact to economic efficiency : Case of Tanzanian Commercial Banks (Review Completed - Accepted)

We examines critically the impact of financial sector reforms in bank ownership  on economic efficiency of  Tanzanian commercial banks. We adopted qualitative and quantitaitve methods for data collection. We collected primary data from bank customers and bank officials of thirty two commercial banks in Tanzania that were already registered by the Bank of Tanzania at the end year 2010. A self-administered questionnaires were distributed to 1600 customers and 184 bank officials. Of these, 893(60%) bank customers and 81(44%) bank officials responded. Data were analysed using SPSS 17.0 to estimate the mean (SD) score as well as correlation test. Results show that there is no positive relationship between reforms on bank ownership and economic efficiency of commercial banks and therefore conclude that commercial banks efficiency has slightly  been impacted by the reforms in bank ownership

Keywords: Bank Ownership, Economic Efficiency, Financial Sector Reforms

ECONOMIC EFFICIENCY OF SMALL SCALE SOYABEAN FARMERS IN CENTRAL AGRICULTURAL ZONE, NIGERIA: A COBB-DOUGLAS STOCHASTIC FRONTIER COST FUNCTION APPROACH (Review Completed - Accepted)

This study employed the Cobb-Douglas stochastic frontier cost function to measure the level of economic efficiency and its determinants in small scale soyabean production in Central Agricultural Zone of Nigeria. A multistage sampling procedure was used to select 485 soyabean farmers in the Zone in 2010 from whom input- output data and their prices were obtained using the cost-route approach. The parameters of the stochastic frontier function were obtained using the maximum likelihood method. The result of the analysis showed that average economic efficiency was 52 percent. The study found age, farm size and household size to be negatively and significantly related to economic efficiency at 5 and 1 percent. Education, farming experience, access to credit and fertilizer use were significantly and positively related to economic efficiency. No significant relationship was found between economic efficiency and extension contact and membership of farmers’ association. It was recommended that policies that will increase farmers’ economic efficiency level be targeted at improving their educational levels and easy access to credit and fertilizer, while experienced farmers should be encouraged to remain in soyabean farming

Keywords: Cobb-Douglas Stochastic Frontier Production Function, Economic Efficiency, Small Scale Soyabean Farmers