The aim of this paper is to analyse the regional productivity differentials on dairy farms in Denmark, Finland and Sweden. Several methods have been suggested for analysing productivity differentials in agriculture between groups of farms or countries. Hayami [5] and Hayami and Ruttan [7]...

This paper deals with a dynamic adjustment process in which adjustment of a key variable input (labor) towards its desired level is modeled in a panel data context. The partial adjustment type model is extended to incorporate firm- and time-specific adjustment parameter. A flexible (translog)...

Technical inefficiency can be modeled as either input-oriented (IO) or output-oriented (OO). However, in the estimation of parametric stochastic production frontier models which use maximum likelihood method only the OO measure is used. In this article we consider a simple nonhomogeneous...

Is public expenditure productive? Is there a shortfall or excess in public capital investment? We address these old issues in the light of new econometric tools. It is argued that the Cobb-Douglas specification that ignores nonlinearity inherent in the functional relationship of the production...

This paper deals with estimation of technical change through changes in input factor efficiency/productivity. The main advantage of this factor augmenting (FA) approach, unlike the generic time trend models of technical change, is that one can measure input-specific productivity, change in input...

In this paper, we propose a new approach to stochastic frontier models, viz., a Markov switching structure to accommodate cross-sectional parameter heterogeneity and temporal variation in the parameters and technical inefficiency distributions. The Markov Chain Monte Carlo techniques are...