This paper considers a system consisting of a production frontier and factor share equations to measure firm-specific technical efficiency and input-specific allocative efficiency simultaneously. In estimating the system as a whole, the joint distribution of all errors in the equations is used....

In the literature, technical efficiency generally is used as a relative concept. The potential output of the firm is used as the norm with which the firm's actual output is compared with to arrive at a measure of technical efficiency. While setting up the norm and modeling the actual production...

Using firm-level data from the Bangladesh food manufacturing sector, this paper examines the impact of economic reform on productive capacity realization in the 1980s. The results suggest that, although improvement occurred in the realization of productive capacities after the implementation of...

Among the important issues debated in the current phase pertaining to the agricultural sector include the expectations about the next technological phase and the efficiency parameters during the current phase. Growing population as well as income enhances the demand for agricultural products and...

Among the important issues debated in the current phase pertaining to the agricultural sector include the expectations about the next technological phase and the efficiency parameters during the current phase. Growing population as well as income enhances the demand for agricultural products and...