Parametric analysis of cost inefficiency and the decomposition of productivity growth for regulated firms

Applied Economics

Volumn 29, Issue 3, 1997, Pages 339-348

  Granderson, Gerald ^a  

^a MIAMI UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

INDUSTRIAL PERFORMANCE; NATURAL GAS; PIPELINE INDUSTRY; PRODUCTIVITY GROWTH; TOTAL FACTOR PRODUCTIVITY;

USA;

EID: 0030883959     PISSN: 00036846     EISSN: None     Source Type: Journal    
DOI: 10.1080/000368497327119     Document Type: Article

References (33)

1. Aivazian, V. A., Callen, J. L., Luke Chan, M. W. and Dean C., Mountain, D. C. (1987). Economies of scale versus technological change in the natural gas transmission industry, Review of Economics and Statistics, 69, 3, August, 556-61.
2. Averch, H. and Johnson, L. L. (1962). Behaviour of the firm under a regulatory constraint. American Economic Review, 52, 5, December: 1053-69.
3. Baltagi, B. H. (1980). Seemingly unrelated regressions with error components. Econometrica, 48, 6, September: 1547-51.
4. Bauer, P. W. (1990). Decomposing TFP growth in the presence of cost inefficiency, nonconstant returns to scale and technological progress. Journal of Productivity Analysis, 1, 4, June: 287-301.
5. Board of Governors of the Federal Reserve (1980, 1983, 1984, 1989, 1991). Federal Reserve Bulletin. Washington D.C: US Government Printing Office, December.
6. Callen, J. L. (1978). Production, efficiency, and welfare in the natural gas transmission industry. American Economic Review, 68, No. 3, June: 311-23.
7. Christensen, L. R., Jorgenson, D. W. and Lau, L. J. (1971). Conjugate duality and the transcendental logarithmic function (abstract). Econometrica, 39, No. 4, July, 255-56.
8. Commerce Clearing House Inc. (1978, 1981, 1986, 1987). U.S. Masters Tax Guide, Chicago: Commerce Clearing House Publishers: 61, 64, 69, 70.
9. Cowing, T. G. and Stevenson, R. (1981) Productivity Measurement in Regulated Industries, New York: Academic Press: 1981.
10. Denny, M., Fuss, M. and Waverman, L. (1981). The measurement and interpretation of total factor productivity in regulated industries, with an application to Canadian telecommunications, Productivity Measurement in Regulated Industries, New York: Academic Press: 179-218.
11. Färe, R. Fundamentals of Production Theory, Berlin: Springer-Verlag, 1988.
12. Färe, R. and Logan, J. (1992). The rate of return regulated version of Farrell efficiency, International Journal of Production Economics, 27, No. 2, May: 161-65.
13. Färe, R. and Logan, J. (1983b). The rate of return regulated version of Shephard's lemma. Economics Letters, 13, No. 4, November: 297-302.
14. Färe, R. and Logan, J. (1993a). The rate of return regulated firm: cost and production duality. Bell Journal of Economics, 14, No. 2, Autumn: 405-14.
15. Farrell, M. J. (1957). The measurement of productive efficiency. Journal of the Royal Statistical Society, Series A (General), 120, Part III: 253-81.
16. Gollop, F. M. and Jorgenson, D. W. (1980). United States productivity growth by industry 1947-1973, in New Developments in Productivity Measurement and Analysis, Kendrick, J. W. and Baccara B. N., eds., National Bureau of Economic Research, Chicago: University of Chicago Press.
17. Hazilla, M. and Kopp, R. J. (1986). Systematic effects of capital service price definition on perceptions of input substitution, Journal of Business and Economic Statistics, 4, No. 2, April: 209-24.
18. Ibbotson, R. C. and Sinquefield, R. A. (1989). Stocks, bonds, bills, and inflation: historical returns (1926-1987), Virginia: Research Foundation of the Institute of Chartered Financial Analysts.
19. International Trade Administration, US Department of Commerce (1990). Construction Review, Washington DC. U.S. Government Printing Office, 34, No. 4, July-August.
20. Jorgenson, D. W. (1963). Capital theory and investment behavior. American Economic Review, 53, No. 2, May: 247-59.
21. Lovell, C. A. K. and Morey, R. C. (1991) The allocation of consumer incentives to meet simultaneous sales quotas: An application to US army recruiting, Management Science, 37, No. 3, March: 350-67.
22. National Association of Regulatory Utility Commissioners (1973-1988). Annual Report on Utility and Carrier Regulation, Washington DC: US Government Printing Office.
23. Natural Gas Supply Association (1989). Financial Performance of Major US Interstate Pipelines: 1979-1989, Washington DC.
24. Nelson, R. A. and Wohar, M. E. (1983). Regulation, scale economies, and productivity in steam-electric generation. International Economic Review, 24, No. 1, February: 57-79.
25. Office of Oil and Gas, Energy Information Administration, U.S. Department of Energy (1977-1987). Statistics of Interstate Natural Gas Pipeline Companies, Washington DC: US Printing Government Office.
26. Office of Pipeline and Producer Regulation, Federal Energy Regulatory Commission, U.S. Departmemt of Energy (1977-1980), (1978-1981), (1979-1982). Cost of Pipeline and Compressor Station Construction Under Non-Budget Pipeline Certificate Authorization, Washington DC: US Government Printing Office.
27. Office of Pipeline and Producer Regulation, Federal Energy Regulatory Commission, US Department of Energy (1980-1983), (1981-1984), (1982-1985), (1983-1986), (1984-1987). Cost of Pipeline and Compressor Station Construction Under Natural Gas Act Section 7(c) Washington DC: US Government Printing Office.
28. Prucha, I. R. (1984). On the asymptotic efficiency of feasible Aitken estimators for seemingly unrelated regression models with error components. Econometrica, 52, No. 1, January: 203-7.
29. Sickles, R. C. and Streitwieser, M. L. (1995). An analysis of technology, productivity, and regulatory distortion in the interstate natural gas transmission industry: 1977-1985. Mimeo, Rice University.
30. Sickles, R. C. and Streitwieser, M. (1992). Technical inefficiency and productive decline in the US Interstate Natural Gas Pipeline Industry Under the Natural Gas Policy Act. Journal of Productivity Analysis, 3, No. 1/2, June: 115-30.
31. Sickles, R. C. and Streitwieser, M. (1989). The structure of technology, substitution, and productivity in the interstate natural gas transmission industry under the natural gas policy Act of 1978. C.V. Starr Center for Applied Economics, New York University, July: 1-40.
32. Texas Eastern Transmission Corporation (1991). Capitalization-Rate of Return Report, Texas Eastern Company Report, Texas.
33. Value Line Publishing Inc (1977-1987). Value Line Investment Survey, New York: Value Line Publishers, December.