We investigate government-subsidised credit effects on participating financial institutions' performance in terms of cost efficiency. Using farmers' credit unions in Taiwan as an example, we find that credit unions' cost inefficiency is positively correlated with the extent of involvement in...

This article proposes an extended three-stage DEA methodology similar to Fried et al. (2002) to improve the measurement of productivity growth when the assumption of free disposability of undesirable output does not apply. A directional distance function is used to construct adjusted...

The welfare benefits from potential rice yield-enhancing and water-saving research programs and their distributional implications under alternative farm program provisions are compared. This is done in an ex ante surplus maximization framework by using a multiregional, price endogenous...

A panel data of 27 provinces in China is used to analyze the productivity growth in China's agricultural sector over the period 1984-1999. We first compute the output-orientated Malmquist productivity indexes and its decompositions using non-parametric DEA (Data Envelopment Analysis) approach....

Optimal control models of aggregate milk supply and demand behavior are used to describe the optimal phasing of the deregulatory dairy price support in the presence of supply growth. Producers are assumed to face costs of adjustment, and are myopic with respect to price expectations and the...

This paper attempts to identify the patterns and determinants of the levels of IIT between Taiwan and ASEAN-5 during the past three decades. Our empirical results confirm the belief that IIT between Taiwan and ASEAN-5 in the agro-food sector has been growing over time. Although industry-specific...

In this article, a nonparametric approach is used to incorporate risk into the measurement of technical efficiencies of the major financial intermediaries in rural Taiwan. Risk is treated as a joint but undesirable output given the fact that various regulatory actions may prevent its free...