This paper investigates the cost efficiency of Russian banks with regard to their heterogeneity in terms of ownership form, capitalization and asset structure. Using bank-level quarterly data over the period 2005–2013, we perform stochastic frontier analysis (SFA) and compute cost efficiency...

We use the indirect production function approach in the stochastic frontier framework to estimate separately the output losses due to the presence of a budget constraint and technical inefficiency. We develop a methodology for estimating the severity and testing the significance of the...

This paper implements both stochastic production and cost frontier analyses to estimate the efficiency of toll motorway companies in Spain, the country with the largest number of private concessionaires in this economic sector. Our dataset includes 32 concessionaires with different features for...

The chemical fertilizer industry has made great contributions to China's food security. Existing studies mainly focus on evaluating fertilizer use efficiency at the farm level whereas little is known about the technical efficiency of Chinese firms producing fertilizer. Based on the Chinese...

In this paper we present a new empirical model based on an input distance function, from which estimates of allocative inefficiency and its cost can be obtained. The model avoids the Greene problem, which refers to the difficulty in practice of using a cost system to separate economic...

In this paper, we consider how Russian Agriculture has developed since the constitution of the Russian Federation. The analysis is based on Oblast level data of 75 territorial units during the period from 1993 to 1998 and is focusing on technical efficiency (TE), technological change, and (both...

In the innovation literature, little attention has been paid to technical efficiency as a measure of performance, despite the fact that technical efficiency is key to explaining firm productivity. In this study we analyze the influence of internal R&D, external R&D and R&D cooperation on the...

This paper presents the results of a stochastic frontier analysis on the technical efficiency of school trust timber production in Mississippi. The state of Mississippi has a 200-year history of managing public trust lands designated to generate funds for public schools. Local school boards...