An Introduction to Efficiency and Productivity Analysis

Online-Ressource (296p)

online resource

1. Introduction1.1 Introduction -- 1.2 Some Informal Definitions -- 1.3 Overview of Methods -- 1.4 Outline of Chapters -- 1.5 What is Your Economics Background? -- 2. Review of Production Economics -- 2.1 Introduction -- 2.2 Production Functions -- 2.3 Price Information and Cost Minimisation and Profit Maximisation -- 2.4 Econometric Estimation of Production Functions -- 2.5 Conclusions -- 3. Additional Topics in Production Economics -- 3.1 Introduction -- 3.2 Duality in Production -- 3.3 Econometric Estimation of Cost and Profit Functions -- 3.4 Multi-output Production and Distance Functions -- 3.5 Conclusions -- 4. Index Numbers and Productivity Measurement -- 4.1 Introduction -- 4.2 Conceptual Framework and Notation -- 4.3 Formulae for Price Index Numbers -- 4.4 Quantity Index Numbers -- 4.5 Properties of Index Numbers: The Test Approach -- 4.6 A Simple Numerical Example -- 4.7 Transitivity in Multilateral Comparisons -- 4.8 TFP Measurement Using Index Numbers -- 4.9 Empirical Application: Australian National Railways -- 4.10 Conclusions -- 5. Economic Theory and Index Numbers -- 5.1 Introduction -- 5.2 Decomposition of a Simple TFP Index -- 5.3 The Economic-Theoretic Approach: Some Preliminaries -- 5.4 Output Price Indices -- 5.5 Input Price Indices -- 5.6 Output Quantity Indices -- 5.7 Input Quantity Indices -- 5.8 Productivity Indices -- 5.9 Malmquist Productivity Index: Some Additional Issues -- 5.10 Conclusions -- 6. Efficiency Measurement Using Data Envelopment Analysis (DEA) -- 6.1 Introduction -- 6.2 Efficiency Measurement Concepts -- 6.3 The Constant Returns to Scale (CRS) DEA Model -- 6.4 The Variable Returns to Scale (VRS) Model and Scale Efficiencies -- 6.5 Input and Output Orientations -- 6.6 Conclusions -- 7. Additional Topics on Data Envelopment Analysis -- 7.1 Introduction -- 7.2 Price Information and Allocative Efficiency -- 7.3 Adjusting for Environment -- 7.4 Non-Discretionary Variables -- 7.5 Input Congestion -- 7.6 Treatment of Slacks -- 7.7 Empirical Application: Australian Universities -- 7.8 Conclusions -- 8. Efficiency Measurement Using Stochastic Frontiers -- 8.1 Introduction -- 8.2 The Stochastic Frontier Production Function -- 8.3 Maximum-Likelihood Estimation -- 8.4 Estimation of Mean Technical Efficiency -- 8.5 Prediction of Firm-level Technical Efficiencies -- 8.6 Tests of Hypotheses -- 8.7 A Simple Numerical Example -- 8.8 Conclusions -- 9. Additional Topics on Stochastic Frontiers -- 9.1 Introduction -- 9.2 Truncated-Normal Distribution -- 9.3 Alternative Functional Forms -- 9.4 Panel Data Models -- 9.5 Time-varying Inefficiency Model -- 9.6 Modeling Inefficiency Effects -- 9.7 Duality and Modeling of Allocative Efficiencies -- 9.8 Empirical Application: Wheat Farming in South Africa -- 9.9 Conclusions -- 10. Productivity Measurement Using Efficiency Measurement Methods -- 10.1 Introduction -- 10.2 The Malmquist TFP Index -- 10.3 Two Estimation Methods -- 10.4 Empirical Application: Australian Electricity Generation -- 10.5 Conclusions -- 11. Conclusions -- 11.1 Summary of Methods -- 11.2 Relative Merits of the Methods: Some Comments -- 11.3 Some Final Points -- Appendix: Computer Software -- References -- Author Index.

10.1007/978-1-4615-5493-6 [DOI]

ECONIS - Online Catalogue of the ZBW