book chapterOxford University Press eBooksJan 22, 2008Closed access

The Econometric Approach to Efficiency Analysis

WHWilliam H. Greene
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Abstract

Chapter 1 describes two broad paradigms for measuring economic efficiency, one based on an essentially nonparametric, programming approach to anal-ysis of observed outcomes, and one based on an econometric approach to estimation of theory-based models of production, cost, or profit. This chapter

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Topics & keywords

Topics
Keywords
  • Inefficiency
  • Econometric model
  • Frontier
  • Econometrics
  • Econometric analysis
  • Economics
  • Stochastic frontier analysis
  • Production (economics)
UN Sustainable Development Goals
  • Decent work and economic growth
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