COMPARISON OF IMPACT OF FACTORS ON VALUE ADDED OF VIETNAM AIRLINES AND VIETJET AIR BASING ON THE COBB - DOUGLAS PRODUCTION FUNCTION
Journal: International Journal of Engineering Sciences & Research Technology (IJESRT) (Vol.6, No. 4)Publication Date: 2017-04-30
Authors : Nguyen Hai Quang;
Page : 255-260
Keywords : Cobb - Douglas production function; value added; Vietnam Airlines; VietJet Air .;
Abstract
This study aimed to identify and compare the impact of factors in Cobb - Douglas production function on the value added of Vietnam Airlines and VietJet Air . Analys e s of Vietnam Airlines data for the period of 2007 - 2016 and VietJet Air for the period of 2012 - 2016 show that the contribution coefficient of total assets and labor costs to the value added of VietJet Air is high er than Vietnam Airlines and the growth of Vietnam Airlines' value added depends on total assets, labor costs as well as total factor productivity. The research results also give that Vietnam Airlines no longer presents economies of scale advantage. Howeve r total factor productivity still plays the key role in Vietnam Airlines' growth. In contrast, VietJet Air is in the early stages of development therefore it presents economies of scale advantage and it is developing strongly. These findings is the basic t o suggest policies for Vietnam Airlines and VietJet Air improving their competitiveness and business efficiency .
Other Latest Articles
- FREE GLOBAL TRADE V/s PROTECTIONISM – A CRITICAL REVIEW
- A REVIEW ON DATA MIGRATION IN PUBLIC CLOUD
- AN ENHANCED APU TECHNIQUE BASED GEOGRAPHIC ROUTING IN MANET USING DESTINATION AWARE ROUTING PROTOCOL
- MATHEMATICAL PROPERTIES OF 9×9 STRONGLY MAGIC SQUARES
- HABITAT PREFERENCES OF ROE DEER (Capreolus capreolus) IN KASTAMONU : CASE STUDY OF ELEKDAĞI WILDLIFE DEVELOPMENT AREA
Last modified: 2017-04-17 19:10:31