A Bayesian approach to dynamic efficiency and productivity measurement

presented by Ioannis Skevas

The vast majority of the efficiency and productivity measurement literature has been based on the static viewpoint of the firm. Few studies have developed the dynamic analog of static efficiency measurement, introducing the notions of long-run efficiency and inefficiency persistence. However, these few existing dynamic efficiency studies have not provided any empirical evidence on the driving forces of firms' long-run efficiency and inefficiency persistence. Furthermore, calculation of Total Factor Productivity growth has predominantly been based on static efficiency specifications. This di...

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Year of publication:	2016
Authors:	Skevas, Ioannis
Other Persons:	Brümmer, Bernhard (degree supervisor) ; Kneib, Thomas (degree supervisor) ; Emvalomatis, Grigorios (degree supervisor)
Publisher:	Göttingen
Subject:	Bayesian techniques \| long-run efficiency \| inefficiency persistence \| Total Factor Productivity growth \| Stochastic Frontier Analysis \| German dairy farms \| Technische Effizienz \| Technical efficiency \| Produktivität \| Productivity \| Deutschland \| Germany \| Schätzung \| Estimation \| Effizienz \| Efficiency \| Milchviehhaltung \| Dairy farming \| Bayes-Statistik \| Bayesian inference \| Theorie \| Theory