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technology". By separating the production of undesirable outputs from that of desirable outputs, not only do we ensure that … index also provides a meaningful way to decompose environmental productivity into environmental technological and efficiency …
Persistent link: https://www.econbiz.de/10013021344
The aim of this article is to study the technology of the sector represented by the Spanish national post-office and …, we analyse economic efficiency (technical and allocative) and scale economies of the production units (cost centres) of … input distance function and the technical and allocative efficiency terms …
Persistent link: https://www.econbiz.de/10012991545
In this paper, we consider the stochastic ray production function that has been revived recently by Henningsen et al. (2017). We use a profit-maximizing framework to resolve endogeneity problems that are likely to arise, as in all distance functions, and we derive the system of equations after...
Persistent link: https://www.econbiz.de/10012132673
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...
Persistent link: https://www.econbiz.de/10005016264
. However, the standard cost frontier model yields biased efficiency scores because it ignores technological heterogeneity … between hospitals. In this paper, efficiency scores are derived from a random intercept and an extended random parameter … efficiency according to the standard model gain up to 12 percentage points, serving to highlight the importance of heterogeneity …
Persistent link: https://www.econbiz.de/10009386336
technology heterogeneity among large banks in the US We find that failure to consider unobserved technology heterogeneity results … asset size and returns to scale, due to the presence of technology heterogeneity. …
Persistent link: https://www.econbiz.de/10010730415
We estimate the shadow prices of CO<sub>2</sub> emissions of electric utilities in the United States over the period from 2001 to 2014, using a random-coefficient, random-directional-vector directional output distance function (DODF) model. The main feature of this model is that both its coefficients and...
Persistent link: https://www.econbiz.de/10012965185
We study the effects of ownership forms on airports' cost efficiency by applying stochastic frontier analysis to a … airports would improve the efficiency of all airports …
Persistent link: https://www.econbiz.de/10014217775
Using Bayesian Monte Carlo methods, we augment a stochastic distance function measure of bank efficiency and … majority of banks, productivity growth – the sum of efficiency and technical changes – is negative, implying that the industry … would benefit from innovation. We show that greater technical efficiency is associated with higher profitability, higher …
Persistent link: https://www.econbiz.de/10014048864
This paper provides parametric estimates of technical change, efficiency change, economies of scale, and total factor … of the primal Divisia total factor productivity growth index into its three components - technical change, efficiency …
Persistent link: https://www.econbiz.de/10004993631