Open AccessTechnological innovations and total factor productivity in dairy industry
Author(s) -
Asen Konarev,
Snezhinka Konstantinova,
Gergana V. Georgieva
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/618/1/012082
Subject(s) - productivity , dairy industry , total factor productivity , production (economics) , industrial organization , technological change , business , economics , microeconomics , economic growth , chemistry , food science , macroeconomics
This study analyses the main factors influencing the development of companies in dairy industry. Particular attention is paid to technological innovations by exploring two groups of companies: applying membrane-cell technology and without applying it. The study has successfully used tools of production functions to determine the total factor productivity in microeconomics. It is determined the impact of technological innovation on overall factor productivity and corporate growth.