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Results of assessments of total labor factor productivity TFP showed improvements where it recorded higher rate of 73.5% compared to previous periods. However, that was related with constant rate of returns as compared with variable rate of return. When technical efficiency was compared with...
Persistent link: https://www.econbiz.de/10013110448
While Caribbean Small Island Developing States (SIDS) have been exposed to frequent external shocks in the past, the Coronavirus disease of 2019 (COVID-19) pandemic is like no other, representing the largest economic shock experienced globally in decades. The objective of this paper is to...
Persistent link: https://www.econbiz.de/10014461537
This paper analyzes microeconomic production functions of Czech small medium enterprises. We use the data from 2002 to 2005 of thirty manufacturing industries (agriculture and services are not included), each divided into five subgroups according to the number of employees. We employ stochastic...
Persistent link: https://www.econbiz.de/10003790277
The ratio definition of efficiency has the form of a productivity measure. But the weights are endogenous variables and they do not function as weights in a productivity index proper. It is shown that extended Farrell measures of efficiency can all be given an interpretation as productivity...
Persistent link: https://www.econbiz.de/10011333654
This paper concentrates on negatively skewed one-sided distributions as an explanation of the occurrence of positive (negative) skewness in the case of stochastic production (cost) frontieranalysis. It takes as example the binomial distribution that can have negative or positive skewand derives...
Persistent link: https://www.econbiz.de/10011326413
This study applies stochastic frontier analytic techniques in the estimation of sporting production functions. As ex ante input factors, we use pre-seasonal estimates of wage bills of players and coaches that are transformed during the production process of a season into ex post pecuniary...
Persistent link: https://www.econbiz.de/10001904596
Este estudio estimó la forma funcional de producción cafetera en Colombia mediante fronteras estocásticas (FEP). Con esto, se analizó la importancia de los principales insumos empleados en la producción de café (cantidad de hectáreas cultivadas, mano de obra utilizada, maquinaria...
Persistent link: https://www.econbiz.de/10013128200
A new spatial decomposition of TFP growth into direct (own) and indirect (spillover) components is set out. We then apply the decomposition in the context of a spatial autoregressive production frontier analysis of 40 European countries over the period 1995-2008
Persistent link: https://www.econbiz.de/10013086032
This paper proposes an alternative specification for technical efficiency effects in a stochastic production frontier model. The proposed specification is distribution free and thus eschews one-sided error term present in almost all the existing inefficiency effects models. The efficiency...
Persistent link: https://www.econbiz.de/10012963514
By integrating Battese and Coelli's (1995) model and the spatial autoregressive model (SAR), a spatial autoregressive stochastic frontier model for panel data is developed. The main feature of this frontier model is a spatial lag term of explained variables and the joint structure of a...
Persistent link: https://www.econbiz.de/10012896405