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Technical efficiency, scale and scope economies, marginal productive contributions for inputs and outputs, and efficiency drivers were determined for the Southeastern U.S meat goat enterprise. The average technical efficiency was 0.88. We find increasing returns to scale and scope economies for...
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This paper applies the stochastic Translog input distance function and stochastic frontier analysis (SFA) method to evaluate the operational efficiency of farm lenders in the commercial banking industry and the Farm Credit System (FCS). This paper uses the late 2000s recession as a backdrop for...
Persistent link: https://www.econbiz.de/10011125409
The present study uses local maximum likelihood (LML) methods recently proposed by Kumbhakar et al. (2007) to assess the technical efficiency of arable crop Kansas farms. LML techniques overcome the most relevant limitations associated to mainstream parametric stochastic frontier models. Results...
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This study examined whether the cost efficiency measures were invariant to the choice of parametric and nonparametric methods for a sample of 183 wheat farms. In the deterministic nonparametric method, the economic, scale and overall efficiency results were invariant to the dimensionality. Only...
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