Parametric Decomposition of Output Growth Using A Stochastic Input Distance Function

Giannis Karagiannis, Peter Midmore and Vangelis Tzouvelekas

American Journal of Agricultural Economics, 2004, vol. 86, issue 4, 1044-1057

Abstract: This article proposes a tractable approach for analyzing the sources of TFP changes (i.e., technical change, changes in technical and allocative inefficiency, and the scale effect) in a multi-output setting, while retaining the single-equation nature of the econometric procedure used to estimate the parameters of the underlying technology. The proposed approach relies on Bauer's cost function-based decomposition of TFP changes and the duality between input distance and cost functions. The empirical results are based on a sample of 121 UK livestock farms observed over the period 1983–92 and a translog input distance function. Copyright 2004, Oxford University Press.

Date: 2004
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