Measuring the impacts of production risk on technical efficiency: a state-contingent conditional order-m approach
Teresa Serra and
Alfons Oude Lansink ()
No 182661, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists
This article studies the influence of risk on farms’ technical efficiency levels. The analysis extends the order-m efficiency scores approach proposed by Daraio and Simar (2005) to the state-contingent framework. The empirical application focuses on cross section data of Catalan specialised crop farms from the year 2011. Results suggest that accounting for production risks increases the technical performance. A 10% increase in output risk will result in a 2.5% increase in average firm technical performance.
Keywords: Productivity Analysis; Research Methods/ Statistical Methods; Risk and Uncertainty (search for similar items in EconPapers)
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Journal Article: Measuring the impacts of production risk on technical efficiency: A state-contingent conditional order-m approach (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:182661
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