The Econometric Approach to Efficiency Analysis
MetadataShow full item record
© Oxford University Press, 2013.This chapter provides an overview of techniques for econometric analysis of technical (production) and economic (cost) efficiency. The stochastic frontier model of Aigner, Lovell, and Schmidt (1977) is now the standard econometric platform for this type of analysis. The underlying models and econometric techniques that have been used in studying technical inefficiency in the stochastic frontier framework are surveyed, and some of the recent developments in econometric methodology are presented. Applications that illustrate some of the computations are presented in the final section.
Showing items related by title, author, creator and subject.
Agbenyegah, Benjamin K. (2007)Seminal papers of Solow (1957) and Swan (1956) stimulated debate among economists on the role of technical change in productivity improvements and for that matter economic growth. The consensus is that technological change ...
Bloch, Harry (2012)In the evaluation of research quality conducted under ERA 2010 the sub-disciplines of econometrics and theory were rated more highly than the sub-disciplines of applied economics and other economics. The rating in each ...
Dong, G.; Harris, Richard (2014)This article discusses how standard spatial autoregressive models and their estimation can be extended to accommodate geographically hierarchical data structures. Whereas standard spatial econometric models normally operate ...