GMM estimation of stochastic frontier model with endogenous regressors

A convenient and simple GMM procedure for estimating stochastic frontier models in the presence of endogenous regressors is proposed. Monte Carlo simulations show that the proposed estimator works very well in finite samples. We apply the proposed method to panel data of Norwegian dairy farms to illustrate the usefulness of the proposed approach.

MoreLess

Year of publication:	2013
Authors:	Tran, Kien C. ; Tsionas, Efthymios G.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 118.2013, 1, p. 233-236
Publisher:	Elsevier
Subject:	Endogeneity \| Generalized method of moments \| Maximum likelihood \| Technical efficiency

More details

Type of publication:	Article
Classification:	C13 - Estimation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010603148