Multifactor productivity growth measures can be constructed using different input–output concepts. We estimate three distinct productivity growth measures respectively based on gross output, value added, and cash flow and discuss their economic interpretation. By making use of an index theory...

In this paper, we assess the potential for rehabilitation of comparative analysis under its new guise of benchmarking. After a brief description of comparative analysis, we discuss the deficiencies that surrounded its fall in reputation: neglect of economic principles, limited scope for action,...

Given n independent and identically distributed observations in a set G with an unknown function g, called a boundary or frontier, it is desired to estimate g from the observations. The problem has several important applications including classification and cluster analysis, and is closely...

Bt cotton has been cultivated in China for the past 10 years. Limitations of previous studies analyzing the impact of this technology are the short time period considered and lack of panel data. In this paper, we present findings from monitoring 150 Bt cotton farmers in 2002 and 2005....

The Danish "Klima 2020" plan sets an ambitious target for the complete phasing-out of fossil fuels by 2050. The Danish energy sector currently accounts for 40% of national CO2 emissions. Based on an extended Farrell input distance function that accounts for CO2 as an undesirable output, we...

The object of the present paper is to analyze the productivity of marketing cooperatives incorporating environmental inputs/outputs. In the European agricultural policy, expectations for attaining sustainable and competitive agriculture lie to a great extent on the cooperative sector’s ability...

A time series model is estimated to identify the interrelation among prices on the international and the EU domestic market for butter. Although the findings were not derived from a causal model, the inspection of the data provides economically reasonable and important insights in structural...

The present work attempts based on the analysis of linear structure equationmodels, to compile regulation factors of the success of agricultural enterprises atthe management level. For generation and evaluation reasons, the findings fromthe factor research are the focus of the study. After...

www.ifama.org

This article tests the efficiency of the hog options market and assesses the impact of the 1996 contract redesign on efficiency. We find that the hog options market is efficient, but some options yielded excess returns during the live hogs period but not during the lean hogs period. Our findings...