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Title:

Exploring Locational Influences on Technical Efficiency of Business Establishments in Santa Barbara County Using Stochastic Frontier Modeling Framework

Accession Number:

01557320

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

One of the main objectives of land-use and transport models is to accurately describe the organization and composition of the regional economy. However, these models currently lack the integration of competitiveness and performance of the regional economy, which in-turn is dependent on performance and efficiency of business establishments in the region. In this study, the authors present a framework that integrates the aspects of economic efficiency of business establishments within the context of land-use and transport models. For this purpose, the authors comprehensively assess the impacts of both internal and external attributes of business establishment on its efficiency. The authors especially focus on thoroughly operationalizing the locational determinants on efficiency of business establishments using link-based multiple centrality indicators. The authors make use of the stochastic frontier-modeling framework to investigate these factors impacting business establishment-level output measured as sales per unit area. Empirical results suggest that there exist significant inefficiencies across all business establishment types that are mainly impacted by internal attributes of the business. For example, larger and older business establishments are more efficient than business establishments that are smaller in size and younger in age. Results also indicate that there exist major benefits on efficiency of business establishments from local competition for retail trade and healthcare services. In addition, retail trade businesses have higher levels of revenue (or sales per unit area) when located along links in a grid-network like structure as in downtown areas.

Supplemental Notes:

This paper was sponsored by TRB committee ADD30 Transportation and Land Development.

Monograph Accession #:

01550057

Report/Paper Numbers:

15-3498

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Ravulaparthy, Srinath K
Goulias, Konstadinos G

Pagination:

21p

Publication Date:

2015

Conference:

Transportation Research Board 94th Annual Meeting

Location: Washington DC, United States
Date: 2015-1-11 to 2015-1-15
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Uncontrolled Terms:

Stochastic frontier model

Subject Areas:

Economics; Planning and Forecasting; Transportation (General); I10: Economics and Administration; I72: Traffic and Transport Planning

Source Data:

Transportation Research Board Annual Meeting 2015 Paper #15-3498

Files:

TRIS, TRB, ATRI

Created Date:

Dec 30 2014 1:10PM