TECHNICAL EFFICIENCY OF SMALL AND MEDIUM SIZED ENTERPRISES IN MACHINERY SECTOR OF THE SLOVAK REPUBLIC*
TECHNICAL EFFICIENCY OF SMALL AND MEDIUM SIZED ENTERPRISES IN MACHINERY SECTOR OF THE SLOVAK REPUBLIC*

Summary/Abstract: The main aim of this paper is to determine the effectiveness of the surveyed enterprises by Data Envelopment Analysis (DEA) models and formulate concrete recommendations for the studied small and medium-sized enterprises (SME) in the machinery sector. We chose SME as object for investigation according to Commission Recommendation 2003/361/EC. The object for investigation is chosen, because the machinery sector has in the development of the Slovak economy key role – employing the highest number of workers, creating a substantial part of GDP, and its products constitute the largest share of exports. According to SK NACE Rev. 2, we focus on the engineering industry, especially on the category number 28 – Manufacture of Machinery and Equipment.

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