Estimating technical efficiency in micro panels

Research output: Contribution to journalArticle

1 Scopus citations

Abstract

Bootstrap confidence intervals on fixed-effects efficiency estimates in micro panels exhibit low coverage probabilities. We propose an alternative efficiency measure involving the mean of the firm effects. With the same estimated efficiency ranks as the traditional measure, its corresponding bootstrap confidence intervals have better coverage probabilities.

Original languageEnglish (US)
Pages (from-to)730-733
Number of pages4
JournalEconomics Letters
Volume117
Issue number3
DOIs
StatePublished - 2012

Keywords

  • Bootstrap
  • Max operator
  • Micro panel data
  • Stochastic frontier model

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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