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Measuring productivity when technologies are heterogeneous : a semi-parametric approach for electricity generation

Seifert, Stefan - 2015

While productivity growth in electricity generation is associated with multiple positive effects from an economic and … environmental perspective, measuring it is challenging. This paper proposes a framework to estimate and decompose productivity … estimation based on stochastic non-smooth envelopment of data (StoNED) allows for productivity estimation with few microeconomic …

Persistent link: https://www.econbiz.de/10011392214

A Proportional Scale-Invariant Measurement of Heterogeneous Directional Distances to the Technological Frontier

Malikov, Emir - 2017

We consider a stochastic multiplicative-directional-distance-function-based formulation of the production technology in the presence of bad outputs. In contrast to the popular additive directional distance function, our approach preserves the highly desired scale invariance property of the...

Persistent link: https://www.econbiz.de/10012944272

Econometric estimation of distance functions and associated measures of productivity and efficiency change

O'Donnell, Christopher John - In: Journal of productivity analysis 41 (2014) 2, pp. 187-200

Persistent link: https://www.econbiz.de/10010478331

An Internally Consistent Approach to the Estimation of Market Power and Cost Efficiency with an Application to U.S. Banking

Tsionas, Efthymios G. - 2018

We develop a novel unified econometric methodology for the formal examination of the market power -- cost efficiency nexus. Our approach can meaningfully accommodate a mutually dependent relationship between the firm's cost efficiency and marker power (as measured by the Lerner index) by...

Persistent link: https://www.econbiz.de/10012922132

A General Model of Technical Change with an Application to the OECD Countries

Heshmati, Almas - 2011

In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...

Persistent link: https://www.econbiz.de/10013119734

A general model of technical change with an application to the OECD countries

Heshmati, Almas; Kumbhakar, Subal - 2011

productivity growth ; technology indicator ; technology shifter ; OECD countries …

Persistent link: https://www.econbiz.de/10009425734

Productive efficiency of specialty and conventional coffee farmers in Costa Rica : accounting for technological heterogeneity and self-selection

Wollni, Meike; Brümmer, Bernhard - 2009

A steep decline in coffee prices at the producer level led to considerable pressure for farmers in Costa Rica and producer countries all over the world. One possible reaction was moving to specialty markets, where price pressure was perceived to be lower. We use original survey data from 2002/03...

Persistent link: https://www.econbiz.de/10010255778

Productivity growth in European railways : technological progress, efficiency change and scale effects

Wetzel, Heike (contributor) - 2008

model is estimated in order to evaluate the sources of productivity growth: technological progress, technical efficiency … productivity growth, followed by gains in technical efficiency, and to a lesser extent by exploitation of scale economies. Overall …, we find an average productivity growth of 39 per cent within the sample period. -- European railways ; deregulation …

Persistent link: https://www.econbiz.de/10003770485

Scale effect in Turkish manufacturing industry : stochastic metafrontier analysis

Hajihassaniasl, Saeid; Kök, Recep - In: Journal of economic structures : JES; the official … 5 (2016) 13, pp. 1-17

productivity and efficiency. Traditional growth theories focus on the first factor where in developing countries, and especially … in the productivity and efficiency and use of the excess capacity has focused. Therefore, the efficiency analysis of …

Persistent link: https://www.econbiz.de/10011458655

Estimation and Decomposition of Total Factor Productivity Growth in the EU Manufacturing Sector : A Stochastic Frontier Approach

Fioramanti, Marco - 2009

In this paper the Stochastic Frontier approach was used for the estimation and decomposition of manufacturing TFP growth in 14 EU member countries, drawing upon the EU-KLEMS database. This study identifies some key issues: in the period 1970-2005, the TFP rate of change in the EU manufacturing...

Persistent link: https://www.econbiz.de/10014206628