Kraft, Evan; Hofler, Richard; Payne, James - In: Applied Economics 38 (2006) 17, pp. 2075-2088
Using bank balance sheet data for Croatia for 1994 to 2000, this study estimates a Fourier-flexible frontier cost function. Specification tests indicate that the stochastic frontier model with a Fourier-flexible form with a truncated normal distribution of the inefficiency term allowing for time...