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We discuss the nonparametric approach to profit efficiency analysis at the firm and industry levels in the absence of complete price information, and propose two new insights. First, choosing one commodity (whose price is known) as a numeraire good enables us to measure profit inefficiency in...
Persistent link: https://www.econbiz.de/10012731720
When benchmarking production units by non-parametric methods like data envelopment analysis (DEA), an assumption has to … frontiers across samples of producers. Until now, no exact tests for examining returns to scale assumptions in DEA, or for test … test for the hypothesis of constant returns to scale in DEA. The others are tests for general frontier differences and …
Persistent link: https://www.econbiz.de/10012132662
Analysis (SFA) and nonparametric Data Envelopment Analysis (DEA). This paper attempts to combine the virtues of both approaches … nonparametric route of DEA that only imposes free disposability, convexity, and some specification of returns to scale. From the … the data. The resulting function will always take a piece-wise linear form analogous to the DEA frontiers. We discuss the …
Persistent link: https://www.econbiz.de/10014057860
A rich literature on the analysis of efficiency in production has developed since pioneering work of Tjalling Koopmans and George Debreu in the 1950s. This literature includes work by researchers in economics, econometrics, management science, operations research, mathematical statistics and...
Persistent link: https://www.econbiz.de/10012175845
The present study applies a bootstrapped data envelopment analysis (DEA) procedure to compute bias-corrected measures … limitation of the lack of statistical inference of the conventional non-parametric DEA. Results revealed that overall …
Persistent link: https://www.econbiz.de/10012021677
Persistent link: https://www.econbiz.de/10003282908
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We address the efficiency of expenditure in education provision by comparing the output (PISA results) from the … a semi-parametric model of the education production process using a two-stage procedure. By regressing data envelopment … analysis output scores on nondiscretionary variables, both using Tobit and a single and double bootstrap procedure, we show …
Persistent link: https://www.econbiz.de/10003014986
While productivity growth in electricity generation is associated with multiple positive effects from an economic and environmental perspective, measuring it is challenging. This paper proposes a framework to estimate and decompose productivity growth for a sector characterized by multiple...
Persistent link: https://www.econbiz.de/10011392214
. However, labour-market opportunities are heavily determined by initial education, where New Zealand’s system is also … the nature of skills supplied by the education sector and the skills demanded by employers. A greater role for youth …
Persistent link: https://www.econbiz.de/10010231025