Some New Semiparametric Panel Stochastic Frontier Models
AbstractGreene (2002, 2004) examines several extensions of the panel stochastic frontier models including what he calls the â€œtrueâ€ fixed and random effect stochastic frontier models. In this paper we extend these two models to their semiparametric alternatives where the functional form for production function (or other forms of technology) is assumed to be unknown. To this end we use the Bayesian penalized approach to stochastic frontiers developed in Hajargasht et al. (2003). Finally we illustrate our estimation method with an example using real data
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Bibliographic InfoPaper provided by Econometric Society in its series Econometric Society 2004 Australasian Meetings with number 127.
Date of creation: 11 Aug 2004
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semiparametric; True Random Effect; Stochastic Frontier; Bayesian; P-Spline;
Find related papers by JEL classification:
- C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
- C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
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