Data Envelopment Analysis, Eﬃciency, Firm, Performance, Pharmaceuticals
The study analyses, empirically, the eﬃciency of the Pharmaceutical sector in Nigeria. Employing a balanced panel of 20 pharmaceutical ﬁrms between 2012 and 2016, the paper uses a non-parametric technique (Data Envelopment Analysis) to analyze the ﬁrms’ eﬃciency under the constant returns to scale (CRS) and variable returns to scale (VRS) assumptions. The results obtained shows ineﬃciency in the pharmaceutical sector as it operates under a decreasing return to scale. This calls for an appropriate policy mix to stimulate the eﬃciency of the pharmaceutical sector in Nigeria by enhancing research and development (R&D) as ell as regulations within the sector.
CBN Journal of Applied Statistics
Obukohwo, Efayena O.; Olele, Enoh H.; and Buzugbe, Patricia N.
"Assessing Eﬃciency in the Pharmaceutical Sector of Nigeria,"
CBN Journal of Applied Statistics (JAS): Vol. 9
, Article 6.
Available at: https://dc.cbn.gov.ng/jas/vol9/iss2/6