Technical Change and Efficiency

Charles Moss

Chapter 6 in Production Economics:An Empirical Approach, 2022, pp 379-425 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:The Economics of Technical ChangeMeasuring Technical Change with Cost or Profit FunctionsTotal Factor Productivity and Index Number TheoryValuing State-Level ResearchCointegration estimatorTechnological Change and Factor BiasMeasuring Economic EfficiencyAn Overview of Economic EfficiencyTechnical inefficiencyAllocative inefficiencyTotal inefficiencyDistance Function Formulations of Technical and Allocative InefficiencyFare and Primont’s approach to distance functionsProperties of Debreu–Farrell measures of technical efficiencyParametric Estimation of Inefficiency — EconometricsChapter SummaryReview QuestionsExercises

Keywords: Production Economics; Producer Behaviour; Econometrics; Primal Approach; Dual Approach; Differential Approach; Economic Efficiency (search for similar items in EconPapers)
JEL-codes: D2 D51 L11 L23 (search for similar items in EconPapers)
Date: 2022
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