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Measuring Technical Efficiency in the Greek Public Power Corporation by means of Stochastic Frontier Analysis (1970-1997)

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  • Belegri-Roboli, Athena
  • Michaelides, Panayotis G.

Abstract

This article is a first attempt to measure technical efficiency of the Greek Public Power Corporation, technical efficiency examined within the framework of stochastic production frontiers. The period 1970-’97 is examined and a Cobb-Douglas production function is used. The results demonstrate that the firm’s technical efficiency ranged between 82.5% and 100% and achieved its maximum performance in 1974 and 1992. These estimates are, in general terms, consistent with the findings of other researchers.

Suggested Citation

  • Belegri-Roboli, Athena & Michaelides, Panayotis G., 2005. "Measuring Technical Efficiency in the Greek Public Power Corporation by means of Stochastic Frontier Analysis (1970-1997)," MPRA Paper 74425, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:74425
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    References listed on IDEAS

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    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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