Estimation of the Economic Efficiency of a Shift to the Achievable Production Potential

Sergey Aivazian and Mikhail Afanasiev ()
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Mikhail Afanasiev: CEMI RAS, Moscow, Russia

Applied Econometrics, 2009, vol. 15, issue 3, 43-55

Abstract: Developing a concept of stochastic frontier we estimate the expected increase in the production volume achieved as a result of a shift to the achievable production potential. The expected economic effect of an activity of raising production efficiency is forecast. The distribution of the economic effect allowing analyzing risks related to an activity realization is given

Keywords: Production potential; stochastic frontier; production function; technical efficiency; achievable production potential (search for similar items in EconPapers)
JEL-codes: C01 C61 C63 C67 D24 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (7)

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