A Survey of Stochastic Frontier Models and Likely Future Developments
- 서울대학교 경제연구소
- Seoul Journal of Economics
- Seoul Journal of Economics Volume 22 No.1
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2009.035 - 27 (22 pages)
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This paper summarizes the literature on stochastic frontier production function models. It covers the definition of technical efficiency, the basic cross-sectional stochastic frontier model, and the stochastic frontier model with panel data and time-invariant as well as time-varying technical inefficiency. It also discusses models in which technical inefficiency depends on explanatory variables. Finally, it discusses the problem of inference on the inefficiencies and makes some predictions about likely future developments in the field.
Abstract
Ⅰ. Introduction
Ⅱ. Definition of Technical Efficiency and Inefficiency
Ⅲ. Cross Section Stochastic Frontier Models
Ⅳ. Models with Inefficiency That Depends on Explanatory Variables
Ⅴ. Panel Data Stochastic Frontier Models with Time-Invariant Inefficiency
Ⅵ. Panel Data Stochastic Frontier Models with Time-Varying Efficiency
Ⅶ. Inference on Inefficiencies
Ⅷ. Concluding Remarks and Comments on Likely Future Developments
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