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- W393650458 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." @default.
- W393650458 created "2016-06-24" @default.
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- W393650458 date "2015-01-01" @default.
- W393650458 modified "2023-09-26" @default.
- W393650458 title "Exploring Locational Influences on Technical Efficiency of Business Establishments in Santa Barbara County Using Stochastic Frontier Modeling Framework" @default.
- W393650458 hasPublicationYear "2015" @default.
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