Schmidt, Alexandra M.; Moreira, Ajax R. B.; Fonseca, … - Instituto de Pesquisa Econômica Aplicada (IPEA), … - 2015
In this paper, we analyze the productivity of farms across n = 370 municipalities located in the Center-West region of Brazil. We propose a stochastic frontier model with a latent spatial structure to account for possible unknown geographical variation of the outputs. This spatial component is...