The Econometric Measurement of Firms’ Efficiency

Luis Orea

No 2019/02, Efficiency Series Papers from University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG)

Abstract: This working paper serves as guide to efficiency evaluation from an econometric perspective. The analytical framework relies on the most general parametric models and up to date representations of the production technology through Translog and Quadratic distance functions. We outline the most popular estimation methods: maximum likelihood, method-of-moments and distribution-free approaches. In the last section we discuss more advance topics such as how to control for observed and unobserved environmental variables or endogeneity issues. Other topics examined are dynamic efficiency measurement, production risk and uncertainty, and the decomposition of Malmquist productivity indices.

Pages: 36
Date: 2019
New Economics Papers: this item is included in nep-eff
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.unioviedo.es/oeg/ESP/esp_2019_02.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oeg:wpaper:2019/02

Access Statistics for this paper

More papers in Efficiency Series Papers from University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG) Departamento de Economía, Facultad de Economía y Empresa, Universidad de Oviedo, Avenida del Cristo, s/n. 33006 Oviedo - SPAIN. Contact information at EDIRC.
Bibliographic data for series maintained by Luis Orea () and David Roibas ().