On the combined estimation of technical efficiency and its application to agriculture

Assessment of efficiency of businesses has been considered an object of interest by economists since the 1950’s. A number of methods have been developed, including the so-called parametric approaches, using the regression analysis, and the non-parametric approaches, connected with the mathematical p...

Full description

Saved in:
Bibliographic Details
Published in:Agricultural economics (Praha) 2015-01, Vol.61 (10), p.441-449
Main Authors: BŁAŻEJCZYK-MAJKA, Lucyna, KALA, Radosław
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural production
data envelopment analysis
Efficiency
elasticity
frontier production function
Mathematical programming
regression
Regression analysis
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Assessment of efficiency of businesses has been considered an object of interest by economists since the 1950’s. A number of methods have been developed, including the so-called parametric approaches, using the regression analysis, and the non-parametric approaches, connected with the mathematical programming techniques. However, the diversity of available methods, especially when supplying contradictory estimates, leads to confusion, hindering an objective interpretation of results. In this paper, we propose a procedure leading to the reduction of such discrepancies by the proper modification of a combined method linking the non-parametric approach with a parametric one. Usefulness of the proposed solution is shown by estimation of technical efficiency concerning the agricultural production in the USA and the selected regions of the European Union.
ISSN:0139-570X
1805-9295
DOI:10.17221/72/2014-AGRICECON