Dumont, Michel; Merlevede, Bruno; Rayp, Glenn; … - Nationale Bank van België/Banque national de Belqique (BNB) - 2014
In this paper a semiparametric stochastic metafrontier approach is used to obtain insight into firmlevel competitiveness in Europe. We differ from standard TFP studies at the firm level as we simultaneously allow for inefficiency, noise and do not impose a functional form on the input-output...