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Measurement of dynamic efficiency, a directional distance function parametric approach

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  • Serra, Teresa
  • Stefanou, Spiro E.
  • Oude Lansink, Alfons G.J.M.

Abstract

This research proposes a parametric estimation of the structural dynamic efficiency measures proposed by Silva and Oude Lansink (2009). Overall, technical and allocative efficiency measurements are derived based on a directional distance function and the duality between this function and the optimal value function. The applicability of the parametric proposal is illustrated by assessing dynamic efficiency ratings for a sample of Dutch dairy farms observed from 1995 to 2005.

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File URL: http://purl.umn.edu/61107
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Bibliographic Info

Paper provided by European Association of Agricultural Economists in its series 114th Seminar, April 15-16, 2010, Berlin, Germany with number 61107.

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Date of creation: Apr 2010
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Handle: RePEc:ags:eaa114:61107

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Keywords: structural dynamic efficiency; dairy farms; parametric approach; Agricultural and Food Policy; Farm Management; Land Economics/Use; D21; D24; D61; D92;

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  1. Fare, Rolf & Grosskopf, Shawna & Noh, Dong-Woon & Weber, William, 2005. "Characteristics of a polluting technology: theory and practice," Journal of Econometrics, Elsevier, vol. 126(2), pages 469-492, June.
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Cited by:
  1. Guesmi, Bouali & Serra, Teresa & Featherstone, Allen M., 2013. "Technical efficiency of Kansas arable crop farms: a local maximum likelihood approach," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 147488, Agricultural and Applied Economics Association.
  2. Kapelko, Magdalena & Oude Lansink, Alfons G.J.M. & Stefanou, Spiro E., 2012. "Assessing dynamic efficiency of the Spanish construction sector pre- and post-financial crisis," 131st Seminar, September 18-19, 2012, Prague, Czech Republic 135790, European Association of Agricultural Economists.

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