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The Covid-19 pandemic and technical efficiency of Russian firms: a stochastic frontier production function approach

Parul Singh (Indian Institute of Foreign Trade, New Delhi, India)
Kashika Arora (Department of Economics, Indian Institute of Foreign Trade, New Delhi, India)
Areej Aftab Siddiqui (Indian Institute of Foreign Trade, New Delhi, India)

Competitiveness Review

ISSN: 1059-5422

Article publication date: 5 July 2021

Issue publication date: 16 November 2022

140

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.

Keywords

Acknowledgements

Declaration.

Funding: Not applicable.

Conflicts of interest/competing interests: No conflict of interest with any party.

Citation

Singh, P., Arora, K. and Siddiqui, A.A. (2022), "The Covid-19 pandemic and technical efficiency of Russian firms: a stochastic frontier production function approach", Competitiveness Review, Vol. 32 No. 6, pp. 934-954. https://doi.org/10.1108/CR-03-2021-0037

Publisher

:

Emerald Publishing Limited

Copyright © 2021, Emerald Publishing Limited

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