Arunsawadiwong, Suwanee; Reid, Gavin C. - Centre for Research into Industry, Enterprise, Finance … - 2009
This paper does two things. First, it presents alternative approaches to the standard methods of estimating productive efficiency using a production function. It favours a parametric approach (viz. the stochastic production frontier approach) over a non-parametric approach (e.g. data envelopment...