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A Dynamic Characterization of Efficiency

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  • Stefanou, Spiro E.

Abstract

The definition and measurement of dynamic economic performance has been addressed obliquely in the literature with the notions of scope economies and capacity utilization measures, but little work has focused on develop the static theory analogs of efficiency measures into the dynamic context. This paper is an attempt to identify some of the conceptual and methodological issues to be addressed. A model allowing for dynamic production decisions in the face of inefficiency is presented to illustrate some of the issues and the extensions necessary to identify truly dynamic performance measures.

Suggested Citation

  • Stefanou, Spiro E., 2009. "A Dynamic Characterization of Efficiency," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 10(1), January.
  • Handle: RePEc:ags:aergaa:58278
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    References listed on IDEAS

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    Cited by:

    1. Kapelko, Magdalena & Oude Lansink, Alfons & Stefanou, Spiro, 2012. "Analysis of static and dynamic productivity growth in the Spanish meat processing industry," Problems of World Agriculture / Problemy Rolnictwa Światowego, Wydział Nauk Ekonomicznych, Uniwersytet Warszawski, vol. 12(27).

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