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This study presents some quantitative evidence from a number of simulation experiments on the accuracy of the productivity growth estimates derived from growth accounting (GA) and frontier-based methods (namely Data envelopment Analysis-, Corrected ordinary least squares-, and Stochastic...
Persistent link: https://www.econbiz.de/10015231089
Over the years, a number of different approaches were developed to measure productivity change, both in the micro and the macro setting. Since each approach comes with its own set of assumptions, it is not uncommon in practice that they produce different, and sometimes quite divergent,...
Persistent link: https://www.econbiz.de/10015231406
The validity of data envelopment analysis (DEA) efficiency estimators depends on the robustness of the production frontier to measurement errors, specification errors and the dimension of the input-output space. It has been proven that DEA estimators, within the interval (0, 1], are...
Persistent link: https://www.econbiz.de/10015262923
Persistent link: https://www.econbiz.de/10009474639
In this paper we propose a data envelopment analysis (DEA) based method for assessing the comparative efficiencies of units operating production processes where input–output levels are inter-temporally dependent. One cause of inter-temporal dependence between input and output levels is capital...
Persistent link: https://www.econbiz.de/10009474728
Analysis of the production efficiency of industrialized countries, questioning whether certain countries perform better than others in producing more output with the same or less inputs, is an example of the importance of estimating production relationships. In order to estimate efficiency one...
Persistent link: https://www.econbiz.de/10009474783
Fare, Grosskopf, Norris and Zhang developed a non-parametric productivity index, Malmquist index, using data envelopment analysis (DEA). The Malmquist index is a measure of productivity progress (regress) and it can be decomposed to different components such as 'efficiency catch-up' and...
Persistent link: https://www.econbiz.de/10009474838
Data Envelopment Analysis (DEA) is a nonparametric method for measuring the efficiency of a set of decision making units such as firms or public sector agencies, first introduced into the operational research and management science literature by Charnes, Cooper, and Rhodes (CCR) [Charnes, A.,...
Persistent link: https://www.econbiz.de/10009474843
The concept of a "production function" as means to measuring efficiency began in 1928 with the seminal paper by Cobb and Douglas (1928). However, until the 1950s, production functions were largely used as a tool for studying the functional distribution of income between capital and labour....
Persistent link: https://www.econbiz.de/10009485214
Purpose ? The data used in this study is for the period 1980-2000. Almost midway through this period (in 1992), the Kenyan government liberalized the sugar industry and the role of the market increased, while the government's role with respect to control of prices, imports and other aspects in...
Persistent link: https://www.econbiz.de/10009485451