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A Statistical Framework for Estimating Output-Specific Efficiencies

Gstach, Dieter - Vienna University of Economics and Business, Department … - 2003

This paper presents a statistical framework for estimating output-specific efficiencies for the 2-output case based upon a DEA frontier estimate. The key to the approach is the concept of target output-mix. Being usually unobserved, target output-mixes of firms are modelled as missing data....

Persistent link: https://www.econbiz.de/10005539143

Estimates of the long-run growth rate of Singapore with a CES production function

Rao, B. Bhaskara; Shankar, Sriram - Volkswirtschaftliche Fakultät, … - 2011

This paper estimates with the Bayesian methods a CES production function for Singapore for 1960-2009. It is found that the elasticity of substitution is 0.6, technical progress is labour augmenting and the steady state growth rate of Singapore is about 1.8%.

Persistent link: https://www.econbiz.de/10009147585

Productivity and efficiency at large and community banks in the US: A Bayesian true random effects stochastic distance frontier analysis

Feng, Guohua; Zhang, Xiaohui - In: Journal of Banking & Finance 36 (2012) 7, pp. 1883-1895

This paper compares the productivity and efficiency of large banks and community banks in the United States over the … failure to consider unobserved heterogeneity results in a misleading ranking of banks and mismeasured technical efficiency …

Persistent link: https://www.econbiz.de/10011065723

CES Technology and Business Cycle Fluctuations

Cantore, Cristiano; Levine, Paul; Pearlman, Joseph; Yang, Bo - School of Economics, University of Surrey - 2014

methods a medium-sized DSGE model with a CES rather than Cobb-Douglas (CD) technology. The main empirical result is to confirm …

Persistent link: https://www.econbiz.de/10011141037

A parametric measure of productivity change from hyperbolic distance function : application to the Vietnamese banking industry

Vu, Ha; Turnell, Sean - In: Journal of applied finance & banking 2 (2012) 5, pp. 63-96

, using the Bayesian approach. Then it derives an expression to measure scale efficiency from this estimated function. Finally …, it shows measurements of three components of productivity change. The first component, technical efficiency change, is … measured as a ratio of distances along a chosen input-output vector. The third component, scale efficiency change, is …

Persistent link: https://www.econbiz.de/10010058696

Forecasting Aggregate Productivity using Information from Firm-Level Data

Bartelsman, Eric J.; Wolf, Zoltan - Tinbergen Instituut - 2009

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/10011257659