Estimation of the Economic Efficiency of a Shift to the Achievable Production Potential

Developing a concept of stochastic frontier we estimate the expected increase in the production volume achieved as a result of a shift to the achievable production potential. The expected economic effect of an activity of raising production efficiency is forecast. The distribution of the economic effect allowing analyzing risks related to an activity realization is given

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Year of publication:	2009
Authors:	Aivazian, Sergei ; Afanasiev, Mikhail
Published in:	Applied Econometrics. - Publishing House "SINERGIA PRESS". - Vol. 15.2009, 3, p. 43-55
Publisher:	Publishing House "SINERGIA PRESS"
Subject:	Production potential \| stochastic frontier \| production function \| technical efficiency \| achievable production potential

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Extent:	application/pdf
Type of publication:	Article
Classification:	C01 - Econometrics ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C63 - Computational Techniques ; C67 - Input-Output Models ; D24 - Production; Capital and Total Factor Productivity; Capacity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009018546