This paper aims to examine the current state of dairy cattle farming in Greece, to identify factors that affect its profitability, and to analyse the efficiency of farms, using the non-parametric Data Envelopment Analysis (DEA) method. It also assesses the economic viability of dairy cattle farms by quantifying the technical efficiency of their processes, with a view to suggesting measures that may serve to improve competitiveness. Results have shown that the mean technical efficiencies estimated for the CRS and VRS DEA approaches are 0.693 and 0.754 respectively, indicating that 30.7% and 21.6% equiproportional decreases in inputs are feasible, given the level of outputs and the production technology.
Economic Diversification Potential: Insights from Mongolia’s Livestock Product Value Chains
Mongolia, endowed with abundant natural resources, faces a critical challenge in reducing its reliance on the mining sector and achieving...
