The Contribution of Total Factor Productivity in the Air Transport of Vietnam: The Case of Vietnam Airlines
International Journal of Mechanical Engineering and Applications
Volume 5, Issue 4-1, July 2017, Pages: 20-25
Received: Dec. 28, 2016; Accepted: Jan. 5, 2017; Published: Jan. 20, 2017
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Author
Nguyen Hai Quang, Training Department, Vietnam Aviation Academy, Ho Chi Minh City, Vietnam
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Abstract
The aim of this study is to determine the contribution of Total Factor Productivity (TFP) in the air transport of Vietnam over the case of Vietnam Airlines. Based on analyzing data of Vietnam Airlines from 2005 to 2015, this study showed that fixed assets, labor and TFP are factors that affecting the output elements of Vietnam Airlines as Available of Ton- Kilometers Conversion (ATKC), Performance of Ton-Kilometers Conversion (PTKC), revenue and value added. Among these factors, the contribution of fixed assets is higher than labor, especially in generating revenue and value added. In the period from 2006 to 2010, the growth of Vietnam Airlines was due to the increase in fixed assets, labor and TFP, but in the period from 2011 to 2015, this growth was mainly due to the increase of fixed assets. The results of this study suggest Vietnam Airlines and others airline in Vietnam can increase efficiency growth by investing capital in order to increase fixed assets, increase labor, innovate technology, improve management and improve labor skills.
Keywords
Total Factor Productivity, Air Transport, Vietnam Airlines
To cite this article
Nguyen Hai Quang, The Contribution of Total Factor Productivity in the Air Transport of Vietnam: The Case of Vietnam Airlines, International Journal of Mechanical Engineering and Applications. Special Issue:Transportation Engineering Technology - Part III. Vol. 5, No. 4-1, 2017, pp. 20-25. doi: 10.11648/j.ijmea.s.2017050401.14
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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