EFFICIENCY ESTIMATION USING THE SIMULATED MAXIMUM LIKELIHOOD APPROACH: THE CASE OF POLISH COOPERATIVE BANKS

Tamar Khitarishvili

No 19749, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The paper lays out a framework for studying firm efficiency using the Method of Simulated Likelihood. I develop the model using the assumption of gamma distributed inefficiency terms and apply it to the case of Polish cooperative banks. I derive preliminary results for the estimates of average and individual inefficiencies. Finally, I discuss the practical difficulties connected with this estimation method and suggest avenues for future research.

Keywords: Financial; Economics (search for similar items in EconPapers)
Pages: 18
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19749

DOI: 10.22004/ag.econ.19749

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