Bolli, Thomas; Thi, Anh Vo - KOF Swiss Economic Institute, Department of Management, … - 2012
This paper uses a panel data set of microfinance institutions (MFI) across the world to compare several identification strategies of cost efficiency and economies of scale. Concretely, we contrast the non-parametric Data Envelopment Analysis (DEA) with the Stochastic Frontier Analysis (SFA) and...