Modelling and Measuring Technical Efficiency: An Alternative Approach

Kaliappa Kalirajan () and R.T. Shand

No 198062, 1997 Occasional Paper Series No. 7 from International Association of Agricultural Economists

Abstract: In the literature, technical efficiency is measured as the ratio of observed output to potential output. Although there is no a priori theoretical reasoning, in the stochastic framework of measuring technical efficiency, the potential output is defined as a neutral shift from the observed output. The objective in this paper is to suggest a method to measure technical efficiency without having to consider the potential output as a neutral shift from the observed output.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 8
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:iaaeo7:198062

DOI: 10.22004/ag.econ.198062

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