the aim of this paper is to analyze total factor productivity (tfp) growth and its components in asian countries applying stochastic frontier analysis (sfa) to the time series data of 44 asian countries from 2000 to 2010. using battese and coelli approach, tfp is divided into technical efficiency change and technical change. tfp decomposition using sfa method for the years 1998 to 2007 indicate...

the paper attempts to study the efficiency of crop production and resource use effi-ciency on temple tenants and owner farms in tirunelveli district of tamil nadu. a sam-ple of 90 temple tenants and 50 owner farmers from two taluks of tirunelveli district, nawely, shencottah and tenkasi were selected for the study. the reference period of the study was 2002-2003. the efficiency analysis with th...

background: assessment of hospitals’ performance in achieving its goals is a basic necessity. measuring the efficiency of hospitals in order to boost resource productivity in healthcare organizations is extremely important. the aim of this study was to measure technical efficiency and determining status of resource allocation in some university hospitals, in tehran, iran.   methods : this study...

We explore the asset pricing implications of an investment-based model that features a stochastic technology frontier and costly technology adoption. Firms adopt the latest technology embodied in new capital to reach a stochastic technology frontier, but this decision entails an adoption cost. The model predicts that old capital firms are more risky and hence offer a higher returns than young c...

We study the impact of the technological change on asset prices in a dynamic model economy that features a stochastic technology frontier and costly technology adoption. Firms adopt the latest technology embodied in new capital to reach the stochastic technology frontier, but this decision entails an adoption cost. The model predicts that firms operating with old capital are more risky and henc...

This paper is the first to investigate both the technical and cost efficiency of more than 1500 German general hospitals. More specifically, it deals with the question how hospital efficiency varies with ownership, patient structure, and other exogenous factors, which are neither inputs to nor outputs of the production process. The empirical results for the years from 2001 to 2003 indicate that...

This paper extends the existing research on real estate investment trust (REIT) operating efficiencies. We estimate stochastic-frontier, panel-data models specifying a translog cost function. The specified model updates the cost frontier with new information as it becomes available over time. The model can identify frontier cost improvements, returns to scale, and cost inefficiencies over time....

We examine the cost structure of public schools in this paper, using frontier cost models that enable us to estimate sources of inefficiency. A two equation stochastic frontier model is presented that can be used to explain both cost and the sources of inefficiency. Using that model and data for public schools in Nebraska over the period 1989-92, we estimate cost frontiers for the districts. Es...