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Bias free measurement of technical efficiency.
- Source :
- Journal of Applied Statistics; Jun2006, Vol. 33 Issue 5, p523-533, 11p, 5 Charts
- Publication Year :
- 2006
-
Abstract
- Technical efficiency, which is a measure of production performance of a firm, has been estimated generally using a primal production frontier. Since the estimation is carried out for a given level of inputs, the efficiency measure includes the effect of ‘input-mix’ or ‘input-allocation’ and consequently, the technical efficiency estimate is biased. The objectives of this paper are to gauge the magnitude of ‘input-mix’ bias in technical efficiency estimate and to suggest a method to measure technical efficiency eliminating the bias. The workability of the suggested method is demonstrated through an empirical analysis using agricultural data from India covering the period 1970–1993. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02664763
- Volume :
- 33
- Issue :
- 5
- Database :
- Complementary Index
- Journal :
- Journal of Applied Statistics
- Publication Type :
- Academic Journal
- Accession number :
- 20750341
- Full Text :
- https://doi.org/10.1080/02664760600585592