Textile Industry Efficiency in Eastern European Countries

In the global world where competition is increasing constantly, efficient use of resources is becoming more important for the textile industry. In this study, the efficiency scores and inefficiency effects of the textile industry in selected Eastern European countries were investigated using stochastic frontier analysis. The results indicate that age has a negative impact on inefficiency in the Czech Republic and Hungary. The current ratio decreases the inefficiency in Slovakia, Poland and Hungary, while time decreases that in Slovakia, the Czech Republic and Hungary.