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Productivity and efficiency estimation: A semiparametric stochastic cost frontier approach

Sun, K, Kumbhakar, SC and Tveterås, R 2015, 'Productivity and efficiency estimation: A semiparametric stochastic cost frontier approach' , European Journal of Operational Research, 245 (1) , pp. 194-202.

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Abstract

This paper proposes a flexible stochastic cost frontier panel data model where the technology parameters are unknown smooth functions of firm- and time-effects, which non-neutrally shift the cost frontier. The model decomposes inefficiency into firm and time-specific components and productivity change into inefficiency change, technical change and scale change. We then apply the proposed methodology to the Norwegian salmon production data and analyze technical efficiency as well as productivity changes.

Item Type: Article
Schools: Schools > Salford Business School > Business and Management Research Centre
Journal or Publication Title: European Journal of Operational Research
Publisher: Elsevier
Refereed: Yes
ISSN: 0377-2217
Related URLs:
Funders: Non funded research
Depositing User: Dr Kai Sun
Date Deposited: 18 May 2015 17:22
Last Modified: 24 Nov 2015 16:42
URI: http://usir.salford.ac.uk/id/eprint/34558

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