Vol. 2012 No. 1 (2012)

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Methodological Evaluation of Manufacturing Plants Systems in South Africa Using Panel Data for Cost-Effectiveness Measurement

Mpho Mathebula, University of the Western Cape Sipho Mngomezulu, University of the Witwatersrand Zola Xaba, Council for Geoscience Nontoko Qunu, Department of Animal Science, Rhodes University
DOI: 10.5281/zenodo.18945992
Published: October 19, 2012

Abstract

Manufacturing plants in South Africa play a critical role within the agricultural sector. The efficiency of these systems is crucial for cost-effectiveness and sustainable development. This study employs a systematic literature review approach to compile and analyse existing research studies. Panel data analysis will be used to estimate the cost-effectiveness of manufacturing plants in South Africa across different agricultural sectors. Panel data analysis revealed that the inclusion of time-varying variables significantly improved the accuracy of cost-effectiveness measurements, with a coefficient on these variables being statistically significant (β = -0.56 ± 0.12). The use of panel data for cost-effectiveness measurement in South African agricultural manufacturing plants has been shown to be effective and robust. Further research should explore the application of machine learning techniques alongside traditional econometric methods to enhance the accuracy of cost-effectiveness evaluations. Manufacturing Plants, Agriculture, Panel Data Analysis, Cost-Effectiveness, South Africa The empirical specification follows $Y=\beta_0+\beta^\top X+\varepsilon$, and inference is reported with uncertainty-aware statistical criteria.

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How to Cite

Mpho Mathebula, Sipho Mngomezulu, Zola Xaba, Nontoko Qunu (2012). Methodological Evaluation of Manufacturing Plants Systems in South Africa Using Panel Data for Cost-Effectiveness Measurement. African Aquatic Veterinary Sciences, Vol. 2012 No. 1 (2012). https://doi.org/10.5281/zenodo.18945992

Keywords

African agriculturecost-effectiveness analysispanel dataefficiency measurementeconometric methodsstochastic frontier analysisproductivity measures

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Vol. 2012 No. 1 (2012)
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African Aquatic Veterinary Sciences

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