Estimation of Output and Input Technical Efficiency Using A Flexible Functional Form and Panel Data  

Oleh:

Cornwell, Christopher ; Atkinson, Scott E.

Jenis: Article from Bulletin/Magazine
Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 35 no. 1 (1994), page 245-256.
Topik: panel data; estimation; output; input technical efficiency; flexible functional form; panel data

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

The Farrell's 1957 concept of technical efficiency can be measured in two ways, denoted output and input technical efficiency. The empirical literature does not distinguish between the two measures and confusion exists regarding the required restrictions on technology for the specification of either measure. With panel data we show how both types of efficiency, when treated as fixed effects, are to be specified in the context of a translog cost system. Technical efficiency enters the share equations only in the output case when homotheticity is not imposed. We estimate our cost systems using panel data on U. S. airlines.

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