Search Results for "a-practitioner-s-guide-to-stochastic-frontier-analysis-using-stata"

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

A Practitioner's Guide to Stochastic Frontier Analysis Using Stata

  • Author: Subal C. Kumbhakar,Hung-Jen Wang,Alan P. Horncastle
  • Publisher: Cambridge University Press
  • ISBN: 1107029511
  • Category: Business & Economics
  • Page: 374
  • View: 5736
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This book provides practitioners with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach.

Stochastic Frontier Analysis

Stochastic Frontier Analysis

  • Author: Subal C. Kumbhakar,C. A. Knox Lovell
  • Publisher: Cambridge University Press
  • ISBN: 1107717302
  • Category: Business & Economics
  • Page: 344
  • View: 3325
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Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis.

Applied Production Analysis

Applied Production Analysis

A Dual Approach

  • Author: Robert G. Chambers
  • Publisher: Cambridge University Press
  • ISBN: 9780521314275
  • Category: Business & Economics
  • Page: 331
  • View: 6395
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This book contains a modern treatment of production economics from a dual perspective, with special emphasis on recent developments. Results that were scattered throughout professional journals and monographs are now gathered into an integrated approach using a common notation. The book prepares the reader to apply the tools of the dual approach to real world problems and data sets. Particular care has been devoted to choosing topics for discussion that achieve this goal. Throughout the book there are worked examples and exercises, which are geared toward developing the reader's facility in using modern developments in production economics. Separate chapters are devoted to production, cost, and profit functions. Other topics include flexible functional forms, aggregation across inputs and outputs using the theory of separable structures, aggregation over economic optimizing firms, the representation of multioutput technologies, and the analysis and measurement of technical change from both a primal and a dual perspective.

Data Envelopment Analysis

Data Envelopment Analysis

Theory and Techniques for Economics and Operations Research

  • Author: Subhash C. Ray
  • Publisher: Cambridge University Press
  • ISBN: 9781139453318
  • Category: Business & Economics
  • Page: N.A
  • View: 3737
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Using the neo-classical theory of production economics as the analytical framework, this book, first published in 2004, provides a unified and easily comprehensible, yet fairly rigorous, exposition of the core literature on data envelopment analysis (DEA) for readers based in different disciplines. The various DEA models are developed as nonparametric alternatives to the econometric models. Apart from the standard fare consisting of the basic input- and output-oriented DEA models formulated by Charnes, Cooper, and Rhodes, and Banker, Charnes, and Cooper, the book covers developments such as the directional distance function, free disposal hull (FDH) analysis, non-radial measures of efficiency, multiplier bounds, mergers and break-up of firms, and measurement of productivity change through the Malmquist total factor productivity index. The chapter on efficiency measurement using market prices provides the critical link between DEA and the neo-classical theory of a competitive firm. The book also covers several forms of stochastic DEA in detail.

Making Choices in Health

Making Choices in Health

WHO Guide to Cost-effectiveness Analysis

  • Author: Tessa Tan-Torres Edejer,World Health Organization
  • Publisher: World Health Organization
  • ISBN: 9789241546010
  • Category: Business & Economics
  • Page: 318
  • View: 5220
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This guide provides information on the concepts involved in using cost-effectiveness analysis (CEA) to evaluate the costs and health effects of specific health policy interventions, taking into account the efficiency of current and proposed interventions and seeking to maximise the transferability of cost estimates across settings. Issues discussed include: a brief description of this 'generalized CEA' approach and its methodological differences to more traditional methods, study design, cost estimation, discounting, uncertainty and sensitivity analysis, and results reporting. The second part of the publication contains a series of papers on selected technical issues and applications, originally published in journals.

An Introduction to Efficiency and Productivity Analysis

An Introduction to Efficiency and Productivity Analysis

  • Author: Timothy J. Coelli,Dodla Sai Prasada Rao,Christopher J. O'Donnell,George Edward Battese
  • Publisher: Springer Science & Business Media
  • ISBN: 9780387242651
  • Category: Business & Economics
  • Page: 349
  • View: 6401
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Softcover version of the second edition Hardcover. Incorporates a new author, Dr. Chris O'Donnell, who brings considerable expertise to the project in the area of performance measurement. Numerous topics are being added and more applications using real data, as well as exercises at the end of the chapters. Data sets, computer codes and software will be available for download from the web to accompany the volume.

Handbook on Constructing Composite Indicators: Methodology and User Guide

Handbook on Constructing Composite Indicators: Methodology and User Guide

  • Author: OECD,European Union,Joint Research Centre - European Commission
  • Publisher: OECD Publishing
  • ISBN: 9264043462
  • Category:
  • Page: 162
  • View: 9202
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A guide for constructing and using composite indicators for policy makers, academics, the media and other interested parties. In particular, this handbook is concerned with indicators which compare and rank country performance.

30th Anniversary Edition

30th Anniversary Edition

  • Author: Dek Terrell,Daniel Millimet
  • Publisher: Emerald Group Publishing
  • ISBN: 1781903107
  • Category: Business & Economics
  • Page: 458
  • View: 1417
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The 30th Volume of Advances in Econometrics is in honor of the two individuals whose hard work has helped ensure thirty successful years of the series, Thomas Fomby and R. Carter Hill.

Handbook of Input–Output Analysis

Handbook of Input–Output Analysis

  • Author: Thijs ten Raa
  • Publisher: Edward Elgar Publishing
  • ISBN: 178347632X
  • Category:
  • Page: 520
  • View: 3527
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In this authoritative Handbook, leading experts from international statistical offices and universities explain in detail the treatment and role of input-output statistics in the System of National Accounts. Furthermore, they address the derivation of input-output coefficients for the purpose of economic and environmental modeling, the building of applied general equilibrium models, the use of these models for efficiency analysis, and the extensions to stochastic and dynamic input-output analysis. As well as revealing and exploring the theoretical foundations, the Handbook also acts as a useful guide for practitioners.

Efficiency Measures in the Agricultural Sector

Efficiency Measures in the Agricultural Sector

With Applications

  • Author: Armando Mendes,Emiliana L. D. G. Soares da Silva,Jorge M Azevedo Santos
  • Publisher: Springer Science & Business Media
  • ISBN: 9400757395
  • Category: Science
  • Page: 200
  • View: 5142
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The editors draw on a 3-year project that analyzed a Portuguese area in detail, comparing this study with papers from other regions. Applications include the estimation of technical efficiency in agricultural grazing systems (dairy, beef and mixed) and specifically for dairy farms. The conclusions indicate that it is now necessary to help small dairy farms in order to make them more efficient. These results can be compared with the technical efficiency of a sample of Spanish dairy processing firms presented by Magdalena Kapelko and co-authors.

The Measurement of Productive Efficiency and Productivity Growth

The Measurement of Productive Efficiency and Productivity Growth

  • Author: Harold O. Fried,C. A. Knox Lovell,Shelton S. Schmidt
  • Publisher: Oxford University Press
  • ISBN: 9780198040507
  • Category: Business & Economics
  • Page: 656
  • View: 823
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When Harold Fried, et al. published The Measurement of Productive Efficiency: Techniques and Applications with OUP in 1993, the book received a great deal of professional interest for its accessible treatment of the rapidly growing field of efficiency and productivity analysis. The first several chapters, providing the background, motivation, and theoretical foundations for this topic, were the most widely recognized. In this tight, direct update, these same editors have compiled over ten years of the most recent research in this changing field, and expanded on those seminal chapters. The book will guide readers from the basic models to the latest, cutting-edge extensions, and will be reinforced by references to classic and current theoretical and applied research. It is intended for professors and graduate students in a variety of fields, ranging from economics to agricultural economics, business administration, management science, and public administration. It should also appeal to public servants and policy makers engaged in business performance analysis or regulation.

The Measurement of Productive Efficiency

The Measurement of Productive Efficiency

Techniques and Applications

  • Author: Harold O. Fried,Shelton S. Schmidt,C. A. Knox Lovell
  • Publisher: Oxford University Press
  • ISBN: 0195361105
  • Category: Business & Economics
  • Page: 440
  • View: 7385
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This work focuses on measuring and explaining producer performance. The authors view performance as a function of the state of technology and economic efficiency, with the former defining a frontier relation between inputs and outputs; the former incorporating waste and misallocation relative to this frontier. They show that insights can be gained by allowing for the possibility of a divergence between the economic objective and actual performance, and by associating this inefficiency with causal variables subject to managerial or policy influence. Derived from a series of lectures held on techniques and applications of the three approaches to the construction of production frontiers and measure of efficiency, this work will be an essential reference to scholars of a variety of disciplines who are involved with quantitative methods or policy.

An Advanced Guide to Trade Policy Analysis

An Advanced Guide to Trade Policy Analysis

The Structural Gravity Model

  • Author: Yoto V. Yotov,Mario Larch
  • Publisher: N.A
  • ISBN: 9789287043672
  • Category: Political Science
  • Page: 137
  • View: 8894
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An Advanced Guide to Trade Policy Analysis provides the most recent tools for analysis of trade policy using structural gravity models.

Automated Data Collection with R

Automated Data Collection with R

A Practical Guide to Web Scraping and Text Mining

  • Author: Simon Munzert,Christian Rubba,Peter Meißner,Dominic Nyhuis
  • Publisher: John Wiley & Sons
  • ISBN: 111883481X
  • Category: COMPUTERS
  • Page: 480
  • View: 3296
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"This book provides a unified framework of web scraping and information extraction from text data with R for the social sciences"--

Health Econometrics Using Stata

Health Econometrics Using Stata

  • Author: Partha Deb,Edward C. Norton,Willard Graham Manning (Jr.)
  • Publisher: N.A
  • ISBN: 9781597182287
  • Category: Medical care
  • Page: 264
  • View: 9258
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Health Econometrics Using Stata by Partha Deb, Edward C. Norton, and Willard G. Manning provides an excellent overview of the methods used to analyze data on healthcare expenditure and use. Aimed at researchers, graduate students, and practitioners, this book introduces readers to widely used methods, shows them how to perform these methods in Stata, and illustrates how to interpret the results. Each method is discussed in the context of an example using an extract from the Medical Expenditure Panel Survey. After the overview chapters, the book provides excellent introductions to a series of topics aimed specifically at those analyzing healthcare expenditure and use data. The basic topics of linear regression, the generalized linear model, and log and Box-Cox models are covered with a tight focus on the problems presented by these data. Using this foundation, the authors cover the more advanced topics of models for continuous outcome with mass points, count models, and models for heterogeneous effects. Finally, they discuss endogeneity and how to address inference questions using data from complex surveys. The authors use their formidable experience to guide readers toward useful methods and away from less recommended ones. Their discussion of "health econometric myths" and the chapter presenting a framework for approaching health econometric estimation problems are especially useful for this aspect.

The Oxford Reference Guide to English Morphology

The Oxford Reference Guide to English Morphology

  • Author: Laurie Bauer,Rochelle Lieber,Ingo Plag
  • Publisher: Oxford University Press
  • ISBN: 0198747063
  • Category: English language
  • Page: 720
  • View: 6269
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The first comprehensive description of English word formation covers inflection and derivation, compounding, conversion, and minor processes such as subtractive morphology. It combines theory-neutral presentation of data with theoretically informed analysis. Winner of the 2015 Bloomfield Book Award and written by three outstanding scholars, this is a vital reference for all linguists.

Regression Analysis by Example

Regression Analysis by Example

  • Author: Samprit Chatterjee,Ali S. Hadi
  • Publisher: John Wiley & Sons
  • ISBN: 0470055456
  • Category: Mathematics
  • Page: 416
  • View: 3697
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The essentials of regression analysis through practical applications Regression analysis is a conceptually simple method for investigating relationships among variables. Carrying out a successful application of regression analysis, however, requires a balance of theoretical results, empirical rules, and subjective judgement. Regression Analysis by Example, Fourth Edition has been expanded and thoroughly updated to reflect recent advances in the field. The emphasis continues to be on exploratory data analysis rather than statistical theory. The book offers in-depth treatment of regression diagnostics, transformation, multicollinearity, logistic regression, and robust regression. This new edition features the following enhancements: Chapter 12, Logistic Regression, is expanded to reflect the increased use of the logit models in statistical analysis A new chapter entitled Further Topics discusses advanced areas of regression analysis Reorganized, expanded, and upgraded exercises appear at the end of each chapter A fully integrated Web page provides data sets Numerous graphical displays highlight the significance of visual appeal Regression Analysis by Example, Fourth Edition is suitable for anyone with an understanding of elementary statistics. Methods of regression analysis are clearly demonstrated, and examples containing the types of irregularities commonly encountered in the real world are provided. Each example isolates one or two techniques and features detailed discussions of the techniques themselves, the required assumptions, and the evaluated success of each technique. The methods described throughout the book can be carried out with most of the currently available statistical software packages, such as the software package R. An Instructor's Manual presenting detailed solutions to all the problems in the book is available from the Wiley editorial department.

The Analysis of Household Surveys

The Analysis of Household Surveys

A Microeconometric Approach to Development Policy

  • Author: Angus Deaton
  • Publisher: World Bank Publications
  • ISBN: 9780801852541
  • Category: Business & Economics
  • Page: 479
  • View: 5316
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Using data from several countries, including Cote d'Ivoire, India, Pakistan, Taiwan, and Thailand, this book analyzes household survey data from developing countries and illustrates how such data can be used to cast light on a range of short-term and long-term policy issues.

Functional Form and Heterogeneity in Models for Count Data

Functional Form and Heterogeneity in Models for Count Data

  • Author: William Greene
  • Publisher: Now Publishers Inc
  • ISBN: 160198054X
  • Category: Business & Economics
  • Page: 110
  • View: 9240
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Functional Form and Heterogeneity in Models for Count Data surveys practical extensions of the Poisson and negative binomial (NB) models that practitioners can employ to refine the specifications or broaden their reach into new situations. The author resolves some inconsistencies of the panel data models with other more familiar results for the linear regression model. Functional Form and Heterogeneity in Models for Count Data is focused on two large issues: .the accommodation of overdispersion and heterogeneity in the basic count framework .the functional form of the conditional mean and the extension of models of heterogeneity to models for panel data and sources of correlation across outcomes The first is more straightforward since, in principle, these are elements of the conditional variance of the distribution of counts that can be analyzed apart from the conditional mean. Robust inference methods for basic models can be relied upon to preserve the validity of estimation and inference procedures. The second feature motivates the development of more intricate models such as the two part, panel and bivariate models presented in the text."

Fixed Income Relative Value Analysis

Fixed Income Relative Value Analysis

A Practitioners Guide to the Theory, Tools, and Trades

  • Author: Doug Huggins,Christian Schaller
  • Publisher: John Wiley & Sons
  • ISBN: 1118477219
  • Category: Business & Economics
  • Page: 382
  • View: 6287
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As western governments issue increasing amounts of debt, the fixed income markets have never been more important. Yet the methods for analyzing these markets have failed to keep pace with recent developments, including the deterioration in the credit quality of many sovereign issuers. In Fixed Income Relative Value Analysis, Doug Huggins and Christian Schaller address this gap with a set of analytic tools for assessing value in the markets for government bonds, interest rate swaps, and related basis swaps, as well as associated futures and options. Taking a practitioner’s point of view, the book presents the theory behind market analysis in connection with tools for finding and expressing trade ideas. The extensive use of actual market examples illustrates the ways these analytic tools can be applied in practice. The book covers: Statistical models for quantitative market analysis, in particular mean reversion models and principal component analysis. An in-depth approach to understanding swap spreads in theory and in practice. A comprehensive discussion of the various basis swaps and their combinations. The incorporation of credit default swaps in yield curve analysis. A classification of option trades, with appropriate analysis tools for each category. Fitted curve techniques for identifying relative value among different bonds. A multi-factor delivery option model for bond future contracts. Fixed Income Relative Value Analysis provides an insightful presentation of the relevant statistical and financial theories, a detailed set of statistical and financial tools derived from these theories, and a multitude of actual trades resulting from the application of these tools to the fixed income markets. As such, it’s an indispensable guide for relative value analysts, relative value traders, and portfolio managers for whom security selection and hedging are part of the investment process.