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Modelling TechnicalEfficiency in CrossSectionally DependentStochastic FrontierPanels Camilla MastromarcoLaura SerlengaYongcheol Shin2015 год

Modelling Technical Efficiency in Cross Sectionally Dependent Stochastic Frontier Panels
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Аннотация: Summary This paper proposes a unified framework for accommodating both time and cross‐sectional dependence in modelling technical efficiency in stochastic frontier models by combining the exogenously driven factor‐based approach and an endogenous threshold efficiency regime selection mechanism. This approach is able to deal with both weak and strong cross‐sectional dependence in a flexible manner. Using a dataset of 26 OECD countries over 1970–2010, we provide satisfactory estimation results for the production technology parameters and the associated efficiency ranking of individual countries. We find a positive spillover effect on efficiency, supporting the hypothesis that knowledge spillover is more likely to be induced by technological proximity. Furthermore, our approach enables us to identify efficiency clubs endogenously. Copyright © 2015 John Wiley & Sons, Ltd.
Год издания: 2015
Авторы: Camilla Mastromarco, Laura Serlenga, Yongcheol Shin
Издательство: Wiley
Источник: Journal of Applied Econometrics
Ключевые слова: Economic Growth and Productivity, Energy, Environment, Economic Growth, Fiscal Policy and Economic Growth
Другие ссылки: Journal of Applied Econometrics (HTML)
Zenodo (CERN European Organization for Nuclear Research) (HTML)