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Efficiency and productivity measurement with persistent benchmarks

Author

Listed:
  • Benjamin Hampf

    (Darmstadt University of Technology)

Abstract

In this note we propose a methodology to estimate the efficiency and productivity of decision making units based on persistent benchmarks. Using panel data we identify convex combinations of observations which dominate the evaluated unit over an extended period of time. Thereby, our approach takes into account that the restructuring of production processes or the adjustment of economic policy according to the optimal benchmark may not be possible instantaneously. We apply our model to an analysis of persistent development benchmarks using a sample of Sub-Saharan countries.

Suggested Citation

  • Benjamin Hampf, 2016. "Efficiency and productivity measurement with persistent benchmarks," Economics Bulletin, AccessEcon, vol. 36(3), pages 1715-1721.
    • Handle: RePEc:ebl:ecbull:eb-16-00340
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    File URL: http://www.accessecon.com/Pubs/EB/2016/Volume36/EB-16-V36-I3-P167.pdf
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    References listed on IDEAS

    as
    1. Alexandra Daskovska & Léopold Simar & Sébastien Bellegem, 2010. "Forecasting the Malmquist productivity index," Journal of Productivity Analysis, Springer, vol. 33(2), pages 97-107, April.
    2. Henry Tulkens & Philippe Eeckaut, 2006. "Nonparametric Efficiency, Progress and Regress Measures For Panel Data: Methodological Aspects," Springer Books, in: Parkash Chander & Jacques Drèze & C. Knox Lovell & Jack Mintz (ed.), Public goods, environmental externalities and fiscal competition, chapter 0, pages 395-429, Springer.
    3. Mariano, Enzo Barberio & Sobreiro, Vinicius Amorim & Rebelatto, Daisy Aparecida do Nascimento, 2015. "Human development and data envelopment analysis: A structured literature review," Omega, Elsevier, vol. 54(C), pages 33-49.
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    Cited by:

    1. Thyago C. C. Nepomuceno & Ana Paula C. S. Costa, 2019. "Resource allocation with Time Series DEA applied to Brazilian Federal Saving banks," Economics Bulletin, AccessEcon, vol. 39(2), pages 1384-1392.

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    More about this item

    Keywords

    Persistent benchmarks; Data Envelopment Analysis; Human development;
    All these keywords.

    JEL classification:

    • D2 - Microeconomics - - Production and Organizations
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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