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Unit specific effects are often used to estimate non-spatial efficiency. We extend such estimators to the case where there is spatial autoregressive dependence and introduce the concept of spillover efficiency. Intuitively, we present an approach to benchmark how successful units are at...
Persistent link: https://www.econbiz.de/10010906375
It is common in firm level environmental efficiency studies for pollution to form part of the production technology. We omit nitrogen and sulphur emissions from the spatial analysis of production in European countries (1995 - 2008) because we find they are not significant inputs. Efficiency and...
Persistent link: https://www.econbiz.de/10010612075
We estimate efficiency and TFP growth for two measures of congestion and two measures of the monetary value of congestion for the largest 88 contiguous cities in the U.S. over the period 1982–2007. Using stochastic frontier analysis we find that the efficiency scores for congestion and the...
Persistent link: https://www.econbiz.de/10010865971
This chapter reviews the ways that economists measure the aggregate economic performance of national economies. Efficiency and productivity analysis using the methodologies of data envelopment analysis and stochastic frontier analysis has made a significant contribution to this challenge after...
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Chinese urban commercial banks are currently the third largest type of commercial bank in China, and they have been rapidly developing in recent years. While they play a vital role in the financial system and economy, there is limited research on the productivity of these banks. This article...
Persistent link: https://www.econbiz.de/10013406375
During the first phase of the financial crisis in 2008/09, after Iceland and Belgium, Kazakhstan experienced the most significant bank failures as a share of bank system assets. Using rich monthly data for virtually the entire Kazakh banking industry for the period March 2007--December 2010,...
Persistent link: https://www.econbiz.de/10010760629