<Para ID="Par1">The fixed effects (‘FE’) estimator of technical inefficiency performs poorly when N (the ’number of firms’) is large and T (the ‘number of time observations’) is small. We propose kernel estimators, which includes the FE estimator as a special case. In terms of criteria based on...</para>

This paper deals with estimation of primal panel data models of production risk, focusing on measurement of risk properties of inputs and productivity growth. Under production risk one should estimate technical change separately for the deterministic part and risk part of the technology, since...

Estimation of technical efficiency is widely used in empirical research using both cross-sectional and panel data. Although several stochastic frontier models for panel data are available, only a few of them are normally applied in empirical research. In this article we chose a broad selection...

We estimate efficiency and TFP growth for two measures of congestion and two measures of the monetary value of congestion for the largest 88 contiguous cities in the U.S. over the period 1982–2007. Using stochastic frontier analysis we find that the efficiency scores for congestion and the...

This paper investigates the existence of heterogeneous technologies in the US commercial banking industry through the nondynamic panel threshold effects estimation technique proposed by Hansen (Econometrica 64:413–430, <CitationRef CitationID="CR24">1999</CitationRef>, Econometrica 68:575–603, <CitationRef CitationID="CR25">2000a</CitationRef>). We employ the total assets as a...</citationref></citationref>