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Persistent link: https://www.econbiz.de/10009239486
The stochastic distance function model is extended to allow for the inefficiency component of the error term to be autocorrelated, as implied by a dynamic model of firm behavior. The autocorrelation parameter can then be interpreted as a measure of the persistence of inefficiency. The model is...
Persistent link: https://www.econbiz.de/10009148306
The main objective of this paper is to generate measures of TFP change for the food, beverages, and tobacco industry in the EU. Explicitly taking into account the fact that some of the inputs used in the industry are fixed in the short run, the generated measures of TFP change reflects the...
Persistent link: https://www.econbiz.de/10008555596
Subsidies on production have long been criticized for protecting producers from competition, and thus removing an incentive for efficient use of the resources. This study undertakes the examination of the impact of partially decoupled subsidies on the technical efficiency scores of cotton...
Persistent link: https://www.econbiz.de/10005476489
Persistent link: https://www.econbiz.de/10010909832
The efficiency measurement literature has been almost exclusively based on a static view of the firm. In this static context the optimality of decisions is measured against the best practice frontier in a period-by-period basis and without any connection along time. This dissertation departs...
Persistent link: https://www.econbiz.de/10009450072