Dynamic efficiency measurement: Theory and application

American Journal of Agricultural Economics

Volumn 89, Issue 2, 2007, Pages 398-419

  Silva, Elvira ^a   Stefanou, Spiro E ^b  

^a UNIVERSITY OF PORTO   (Portugal)

^b PENNSYLVANIA STATE UNIVERSITY   (United States)

Author keywords

Economic dynamics; Efficiency measurement; Nonparametric production analysis

Indexed keywords

AGRICULTURAL PRODUCTION; EFFICIENCY MEASUREMENT; THEORETICAL STUDY;

EID: 34547509730     PISSN: 00029092     EISSN: 14678276     Source Type: Journal    
DOI: 10.1111/j.1467-8276.2007.00999.x     Document Type: Article

References (52)

1. Afriat, S. 1972. "Efficiency Estimation of Production Functions." International Economic Review 13(3): 568-98.
2. Ahn, B.H. 1981. "Solution of Nonsymmetric Linear Complementarity Problems by Iterative Methods." Journal of Optimization Theory and Applications 33(2): 175-85.
3. Al-Khayyal, F.A. 1987. "An Implicit Enumeration Procedure for the General Linear Complementarity Problem." Mathematical Programming Study 31: 1-20.
4. Al-Khayyal, F.A. 1989. "On Characterizing Linear Complementarity Problems as Linear Programs." Optimization 20(6): 715-24.
5. Banker, R.D., A. Charnes, and W.W. Cooper. 1984. "Some Models for Estimating Technical and Returns to Scale Inefficiencies." Management Science 30: 1078-92.
6. Banker, R.D., and A. Maindiratta. 1988. "Nonparametric Analysis of Technical and Allocative Inefficiencies in Data Envelopment Analysis." Econometrica 56(6): 1315-32.
7. Bierens, H. 1987. "Kernel Estimation of Regression Functions." In T.F. Bewley, ed. Advances in Econometrics-Fifth World Congress. Cambridge: Cambridge University Press, pp. 99-144.
8. Bresnahan, T.F., and V. Ramey. 1994. "Output Fluctuations at the Plant Level." Quarterly Journal of Economics 109: 593-624.
9. Caballero, R.J., E.M.R.A. Engel, and J.C. Haltiwanger. 1995. "Plant-Level Adjustment and Aggregate Investment Dynamics." Brookings Articles on Economic Activity 2: 1-54.
10. Caballero, R.J. 1997. "Aggregate Investment." NBER Working Article 6264, Cambridge.
11. Caputo, M.R., and L. Lynch 1993. "Nonparametric Efficiency Analysis of California Cotton Ginning Cooperatives." Journal of Agricultural and Resource Economics 18: 251-65.
12. Chambers, R.G., and R. Lopez. 1984. "A General Dynamic Supply-Response Model." Northeast Journal of Agricultural and Resource Economics 13: 142-54.
13. Chavas, J.P., and M. Aliber 1993. "An Analysis of Economic Efficiency in Agriculture: A Nonparametric Approach." Journal of Agricultural and Resource Economics 18: 1-16.
14. Chavas, J.P., and T.L. Cox. 1990. "A Nonparametric Analysis of Productivity: The Case of U.S. and Japanese Manufacturing." American Economic Review 80(3): 450-64.
15. Cheng, Y.C. 1984. "On the Gradient-Projection Method for Solving the Nonsymmetric Linear Complementarity Problem." Journal of Optimization Theory and Applications 43(4): 527-41.
16. Conover, W.J. 1999. Practical Nonparametric Statistics, 3rd ed John Wiley & Sons, Inc.
17. Diewert, W.E., and C. Parkan. 1983. "Linear Programming Tests of Regulatory Conditions for Production Functions." In W. Eichhorn, R. Henn, K. Neumann, and R.W. Shephard, eds. Quantitative Studies on Production and Prices. Physica Verlag, West Germany, pp. 131-58.
18. Eisner, R., and R.H. Strotz 1963. "Determinants of Business Investment." In Commission on Money and Credit, Impacts of Monetary Policy. Englewood Cliffs, N.J.: Prentice-Hall, pp. 59-337.
19. Epstein, L.G., and M.G.S. Denny. 1983. "The Multivariate Flexible Accelerator Model, Its Empirical Restrictions and an Application to U.S. Manufacturing." Econometrica 51: 647-74.
20. Färe, R., and C.A.K. Lovell. 1978. "Measuring Technical Efficiency of Production." Journal of Economic Theory 19(1): 150-62.
21. Färe, R., S. Grosskopf, and C.A.K. Lovell. 1983. "The Structure of Technical Efficiency." Scandinavian Journal of Economics 85(2): 181-90.
22. Färe, R., S. Grosskopf, and C.A.K. Lovell. 1985. The Measurement of Efficiency of Production. Boston: Kluwer-Nijhoff.
23. Färe, R., S. Grosskopf, and C.A.K. Lovell. 1994. Production Frontiers. Cambridge University Press.
24. Färe, R., S. Grosskopf, M. Norris, and Z. Zhang. 1994. "Productivity Growth, Technical Progress, and Efficiency Change in Industrial Countries." American Economic Review 84(1): 66-83.
25. Farrell, M.J. 1957. "The Measurement of Productive Efficiency." Journal of the Royal Statistical Society, Series A General 120(3): 253-81.
26. Gould, J.P. 1968. "Adjustment Costs in the Theory of Investment of the Firm." Review of Economic Studies 35: 47-56.
27. Hanoch, G., and M. Rothschild. 1972. "Testing the Assumptions of Production Theory: A Nonparametric Approach." Journal of Political Economy 80(2): 256-75.
28. Hansen, L.R., and T.J. Sargent. 1980. "Formulating and Estimating Dynamic Linear Rational Expectations Models." Journal of Economic Dynamics and Control 2: 7-46.
29. Kamien, M.I., and N.L. Schwartz 1981. Dynamic Optimization: The Calculus of Variation and Optimal Control in Economics and Management. Amsterdam: North-Holland.
30. Lucas, R.E. 1967a. "Adjustment Costs and the Theory of Supply." Journal of Political Economy 75(4): 321-34.
31. Lucas, R.E. 1967b. "Optimal Investment Policy and the Flexible Accelerator." International Economic Review 8(1): 78-85.
32. Luh, Y., and S.E. Stefanou. 1993. "Learning-by-doing and the Sources of Productivity Growth: A Dynamic Model with Application to U.S. Agriculture." Journal of Productivity Analysis 4: 353-70.
33. Neave, H.R., and P.L. Worthington. 1988. Distribution-Free Tests. London: Unwin Hyman.
34. Nemoto, J., and M. Goto. 1999. "Dynamic Data Envelopment Analysis: Modeling Intertemporal Behavior of a Firm in the Presence of Productive Inefficiencies." Economic Letters 64: 51-56.
35. Nemoto, J., and M. Goto. 2003. "Measurement of Dynamic Efficiency in Production: An Application of Data Envelopment Analysis to Japanese Electric Utilities" Journal of Productivity Analysis 19: 191-210.
36. Nilsen, Ø.A., and F. Schiantarelli. 2003. "Zeros and Lumps in Investment: Empirical Evidence on Irreversibilities and Nonconvexities." Review of Economics and Statistics 85: 1021-37.
37. Pagan, A., and A. Ullah. 1999. Nonparametric Econometrics. Cambridge University Press.
38. Paris, Q. 1979a. "New Economic Interpretations of Linear Complementary Problems." Southern Economic Journal 46: 568-78.
39. Paris, Q. 1979b. "Revenue and Cost Uncertainty, Generalized Mean-Variance, and the Linear Complementary Problem." American Journal of Agricultural Economics 61: 268-75.
40. Pennsylvania Agricultural Statistics Service, Statistical Summary and Pennsylvania Department of Agriculture Annual Report, PASS-112, 1993.
41. Ramey, V. 1991. "Nonconvex Costs and the Behavior of Inventories." Journal of Political Economy 91: 306-34.
42. Ray, S.C. 2004. Data Envelopment Analysis: Theory and Techniques for Economics and Operations Research. Cambridge University Press.
43. Sengupta, J.K. 1995. Dynamics of Data Envelopment Analysis. Dordrecht, The Netherlands: Kluwer Academic Publishers.
44. Silva, E., and S.E. Stefanou. 2003. "Nonparametric Dynamic Production Analysis and the Theory of Cost." Journal of Productivity Analysis 19: 5-32.
45. Silva, E., and S.E. Stefanou. 2007. "AJAE Appendix: Dynamic Efficiency Measurement: Theory and Measurement." Unpublished manuscript. Available at http://agecon.lib.umn.edu/.
46. Stefanou, S.E. 1989. "Returns to Scale in the Long Run: The Dynamic Theory of Cost." Southern Economic Journal 55(3): 570-79.
47. Tauer, L.W. 1998. "Productivity of New York Dairy Farms Measured by Nonparametric Indices." Journal of Agricultural Economics 49(2): 234-49.
48. Treadway, A. 1969. "On Rational Entrepreneurial Behaviour and the Demand for Investment." Review of Economic Studies 37: 361-75.
49. Treadway, A. 1970. "Adjustment Costs and Variable Inputs in the Theory of the Competitive Firm." Journal of Economic Theory 2: 329-47.
50. Ullah, A. 1988a. "Nonparametric Estimation of Econometric Functionals." Canadian Journal of Economics 21: 625-58.
51. Ullah, A. 1988b. "Nonparametric Estimation and Hypothesis Testing in Econometric Models." Empirical Economics 13: 223-49.
52. Varian, H.R. 1984. "The Nonparametric Approach to Production Analysis." Econometrica 52(3): 579-97.