This paper estimates dynamic efficiency in the Spanish construction industry before and during the current financial crisis over the period 2001-2009. Static efficiency measures are biased in a context of a significant economic crisis with large investments and disinvestments as they do not account for costs in the adjustment of quasi-fixed factors. The results show that overall dynamic cost in...

BACKGROUND In most countries of the sub-Saharan Africa, health care needs have been increasing due to emerging and re-emerging health problems. However, the supply of health care resources to address the problems has been continuously declining, thus jeopardizing the progress towards achieving the health-related Millennium Development Goals. Namibia is no exception to this. It is therefore nece...

To meet the growing food demand of Bangladesh requires efficiently use of inputs and effectively manage of production practices at the farm level. Thus, the present study aims to measure the technical efficiency and establish core factors affecting boro and aman rice production in Bangladesh. The study employed mainly farm level data collected from 80 farm households selected randomly in Dinajp...

The study examines production efficiency of farmers under National Fadama-II Project in Oyo State Nigeria. Primary data were collected from two hundred and sixty-four farmers using multistage sampling technique. The analytical framework used for the study include: descriptive, infrastructure index, gross margin and stochastic frontier production function. Average infrastructural index in the ar...

This paper incorporates the milk quota system into technical efficiency analysis of dairy farms in England and Wales. Our approach accounts for milk quota trade, allowing an investigation of the relationship between the way in which milk quota market is used by farmers and technical efficiency. In addition, several explanatory variables for inefficiency were used. Results obtained from a Bayesi...

This paper employs a the variable returns to scale DEA model to take account of risky assets and estimate the operating efficiencies for the 21 domestic listed securities firms during the period 2005-2009. Evidence is found that on average the brokerage securities firms’ operating efficiencies are better than integrated securities firms. Evidence is also found that the technical inefficiency fr...

In this paper we propose simulation based Bayesian inference procedures in a cost system that includes the cost function and the cost share equations augmented to accommodate technical and allocative inefficiency. Markov Chain Monte Carlo techniques are proposed and implemented for Bayesian inferences on costs of technical and allocative inefficiency, input price distortions and over(under-) us...