A Practitioners Guide To Stochastic Frontier Analysis Using Stata

Author : Subal C. Kumbhakar
Publisher : Cambridge University Press
ISBN 13 : 1107029511
Total Pages : 375 pages
Book Rating : 4.14/5 ( download)

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Download or read book A Practitioner's Guide to Stochastic Frontier Analysis Using Stata written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2015-02-02 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.

Author : Subal C. Kumbhakar
Publisher : Cambridge University Press
ISBN 13 : 1316194493
Total Pages : 375 pages
Book Rating : 4.92/5 ( download)

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Download or read book A Practitioner's Guide to Stochastic Frontier Analysis Using Stata written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2015-01-26 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Practitioner's Guide to Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.

Author : Subal C. Kumbhakar
Publisher : Cambridge University Press
ISBN 13 : 9781107609464
Total Pages : 0 pages
Book Rating : 4.61/5 ( download)

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Download or read book A Practitioner's Guide to Stochastic Frontier Analysis Using Stata written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2015-01-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.

Author : Subal C. Kumbhakar
Publisher : Cambridge University Press
ISBN 13 : 1107717302
Total Pages : 348 pages
Book Rating : 4.05/5 ( download)

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Download or read book Stochastic Frontier Analysis written by Subal C. Kumbhakar and published by Cambridge University Press. This book was released on 2003-03-10 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.

Author : Robin C. Sickles
Publisher : Cambridge University Press
ISBN 13 : 110703616X
Total Pages : 631 pages
Book Rating : 4.61/5 ( download)

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Download or read book Measurement of Productivity and Efficiency written by Robin C. Sickles and published by Cambridge University Press. This book was released on 2019-03-28 with total page 631 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive approach to productivity and efficiency analysis using economic and econometric theory.

Author : Subhash C. Ray
Publisher : Springer Nature
ISBN 13 : 9811034559
Total Pages : 1797 pages
Book Rating : 4.58/5 ( download)

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Download or read book Handbook of Production Economics written by Subhash C. Ray and published by Springer Nature. This book was released on 2022-06-02 with total page 1797 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.

Author : Christopher J. O'Donnell
Publisher : Springer
ISBN 13 : 9811329842
Total Pages : 418 pages
Book Rating : 4.45/5 ( download)

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Download or read book Productivity and Efficiency Analysis written by Christopher J. O'Donnell and published by Springer. This book was released on 2018-12-12 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a coherent description of the main concepts and statistical methods used to analyse economic performance. The focus is on measures of performance that are of practical relevance to policy makers. Most, if not all, of these measures can be viewed as measures of productivity and/or efficiency. Linking fields as diverse as index number theory, data envelopment analysis and stochastic frontier analysis, the book explains how to compute measures of input and output quantity change that are consistent with measurement theory. It then discusses ways in which meaningful measures of productivity change can be decomposed into measures of technical progress, environmental change, and different types of efficiency change. The book is aimed at graduate students, researchers, statisticians, accountants and economists working in universities, regulatory authorities, government departments and private firms. The book contains many numerical examples. Computer codes and datasets are available on a companion website.

Author : Almas Heshmati
Publisher : MDPI
ISBN 13 : 3036503544
Total Pages : 284 pages
Book Rating : 4.47/5 ( download)

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Download or read book Energy Use Efficiency written by Almas Heshmati and published by MDPI. This book was released on 2021-04-14 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Energy is one of the most important factors of production. Its efficient use is crucial for ensuring production and environmental quality. Unlike normal goods with supply management, energy is demand managed. Efficient energy use—or energy efficiency—aims to reduce the amount of energy required to provide products and services. Energy use efficiency can be achieved in situations such as housing, offices, industrial production, transport and agriculture as well as in public lighting and services. The use of energy can be reduced by using technology that is energy saving. This Special Issue is a collection of research on energy use efficiency.

Author : Subal Kumbhakar
Publisher : Now Publishers
ISBN 13 : 9781601988966
Total Pages : 140 pages
Book Rating : 4.66/5 ( download)

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Download or read book Efficiency Analysis written by Subal Kumbhakar and published by Now Publishers. This book was released on 2014-12-19 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Efficiency Analysis details the important econometric area of efficiency estimation, both past approaches as well as new methodology. There are two main camps in efficiency analysis: that which estimates maximal output and attributes all departures from this as inefficiency, known as Data Envelopment Analysis (DEA), and that which allows for both unobserved variation in output due to shocks and measurement error as well as inefficiency, known as Stochastic Frontier Analysis (SFA). This volume focuses exclusively on SFA. The econometric study of efficiency analysis typically begins by constructing a convoluted error term that is composed on noise, shocks, measurement error, and a one-sided shock called inefficiency. Early in the development of these methods, attention focused on the proposal of distributional assumptions which yielded a likelihood function whereby the parameters of the distributional components of the convoluted error could be recovered. The field evolved to the study of individual specific efficiency scores and the extension of these methods to panel data. Recently, attention has focused on relaxing the stringent distributional assumptions that are commonly imposed, relaxing the functional form assumptions commonly placed on the underlying technology, or some combination of both. All told exciting and seminal breakthroughs have occurred in this literature, and reviews of these methods are needed to effectively detail the state of the art. The generality of SFA is such that the study of efficiency has gone beyond simple application of frontier methods to study firms and appears across a diverse set of applied milieus. This review should appeal to those outside of the efficiency literature seeking to learn about new methods which might assist them in uncovering phenomena in their applied area of interest.

Author : William H. Greene
Publisher : Springer
ISBN 13 : 3319232282
Total Pages : 331 pages
Book Rating : 4.87/5 ( download)

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Download or read book Productivity and Efficiency Analysis written by William H. Greene and published by Springer. This book was released on 2015-12-29 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume examines the state-of-the art of productivity and efficiency analysis and adds to the existing research by bringing together a selection of the best papers from the 8th North American Productivity Workshop (NAPW). It also aims to analyze world-wide perspectives on challenges that local economies and institutions may face when changes in productivity are observed. The volume comprises of seventeen papers that deal with productivity measurement, productivity growth, dynamics of productivity change, measures of labor productivity, measures of technical efficiency in different sectors, frontier analysis, measures of performance, industry instability and spillover effects. These papers are relevant to academia, but also to public and private sectors in terms of the challenges firms, financial institutions, governments and individuals may face when dealing with economic and education related activities that lead to increase or decrease of productivity. The North American Productivity Workshop brings together academic scholars and practitioners in the field of productivity and efficiency analysis from all over the world. It is a four day conference exploring topics related to productivity, production theory and efficiency measurement in economics, management science, operations research, public administration, and related fields. The papers in this volume also address general topics as health, energy, finance, agriculture, utilities, and economic dev elopment, among others. The editors are comprised of the 2014 local organizers, program committee members, and celebrated guest conference speakers.