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Econometric Analysis of Productivity: Theory and Implementation in R

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Our chapter details a wide variety of approaches used in estimating productivity and efficiency based on methods developed to estimate frontier production using Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA). The estimators utilize panel, single cross section, and time series data sets. The R programs include such approaches to estimate firm efficiency as the time invariant fixed effects, correlated random effects, and uncorrelated random effects panel stochastic frontier estimators, time varying fixed effects, correlated random effects, and uncorrelated random effects estimators, semi-parametric efficient panel frontier estimators, factor models for cross-sectional and time-varying efficiency, bootstrapping methods to develop confidence intervals for index number-based productivity estimates and their decompositions, DEA and Free Disposable Hull estimators. The chapter provides the professional researcher, analyst, statistician, and regulator with the most up to date efficiency modelling methods in the easily accessible open source programming language R.

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  • Robin C. Sickles & Wonho Song & Valentin Zelenyuk, 2018. "Econometric Analysis of Productivity: Theory and Implementation in R," CEPA Working Papers Series WP082018, School of Economics, University of Queensland, Australia.
  • Handle: RePEc:qld:uqcepa:129
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    More about this item

    Keywords

    Production (technical) efficiency; Stochastic frontier analysis; Data envelopment analysis; Panel data; Index numbers; Non-parametric analysis; Bootstrapping;
    All these keywords.

    JEL classification:

    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    NEP fields

    This paper has been announced in the following NEP Reports:

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