Environmental performance of the U.S. States is investigated for the period of 1990 – 2007 using Stochastic Frontier Analysis (SFA). The SFA accounts for both efficiency measure and stochastic noise affecting a frontier. The frontier is formed using indicators of GDP, energy consumption, population, and CO2 emissions. For comparability, all indicators are expressed as ratios to total. Statistic...

The purpose of this paper is to construct a dynamic stochastic production frontier incorporating the sluggish adjustment of inputs, to measure the speed of adjustment of output, and to compare the technical efficiency estimates from this dynamic model to those from a static model. By assuming instantaneous adjustment of all inputs, a static model may underestimate technical efficiency of a prod...

This paper provides estimation method to measure technical efficiency of production units and the speed of adjustment of output, both varying with time, from a dynamic stochastic production frontier that incorporates the sluggish adjustment of inputs. Using a panel dataset on private manufacturing establishments in Egypt, I find that the speed of adjustment of output is lower than unity in ever...

A stochastic production frontier model is formulated within the generalized production function framework popularized by Zellner and Revankar (1969) and Zellner and Ryu (1998). This framework is convenient for parsimonious modeling of a production function with variable returns to scale specified as a function of output. Two alternatives for introducing the stochastic inefficiency term and the ...

the world have experienced phenomenal expansion. The aggregated market capitalization of all national equity markets has grown from less than US$1 trillion in 1974 to over US$16 trillion by the end of 1997. Exhibit 1 presents evidence of the increase in market capitalization experienced by both developed and emerging markets. The process of growth in global equity markets is still imperfectly u...

An attempt was made to determine the overall farm-specific technical efficiency or inefficiency of onion farms of Bangladesh. Farm-level data were used for the estimation of the parameters of Cobb-Douglas stochastic frontier production function. The model for technical inefficiency effects in the stochastic frontier included age, experience, education, and farm size. The elasticity of output wi...

The study was conducted to indicate the determinants of technical efficiency of the dairy farmers in Ada’a district of Oromia state, Ethiopia. The study was arranged in four purposively selected peasant associations of the peri-urban and four kebeles of the urban dairy production sub-systems from which thirty dairy farmers were selected randomly. A total of two hundred forty respondents were pe...

technical and scale efficiencies of cotton farms, in khorasan province, were estimated through the parametric approach during the period 2000-2003. efficiency was estimated through stochastic translog frontier production function based on panel data. results indicated that technical efficiency wa rated as less than scale efficiency. means of technical and scale efficiency were found to be 63 an...