Stochastic Frontier Analysis: A Review and Synthesis

Mara Madaleno () and Victor Moutinho ()
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Mara Madaleno: University of Aveiro
Victor Moutinho: University of Beira Interior

A chapter in Advanced Mathematical Methods for Economic Efficiency Analysis, 2023, pp 55-78 from Springer

Abstract: Abstract This chapter intends to define Stochastic Frontier Models (SFA) and their applications for Eco-Efficiency (EE) assessment within environmental and economic fields. We start by presenting the methodology of efficiency assessment, discussing its advantages and disadvantages as compared to the more traditional Data Envelopment Analysis (DEA). A literature review of its applications within the field is to be provided and future research avenues are to be identified. Results allow us to favor the SFA methodology to detriment the DEA for its easiness of application when assessing EE and establishing rankings or even inferring about its determinants.

Keywords: Eco-efficiency (EE); Stochastic frontier analysis (SFA); Literature review; Economic and environmental applications (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-29583-6_4

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