Parametric decomposition of output growth using a stochastic input distance function

G. Karagiannis, Peter Midmore, V. Tzouvelekas

Research output: Contribution to journalArticlepeer-review

42 Citations (SciVal)

Abstract

This article proposes a tractable approach for analyzing the sources of TFP changes (i.e., technical change, changes in technical and allocative inefficiency, and the scale effect) in a multi-output setting, while retaining the single-equation nature of the econometric procedure used to estimate the parameters of the underlying technology. The proposed approach relies on Bauer's cost function-based decomposition of TFP changes and the duality between input distance and cost functions. The empirical results are based on a sample of 121 UK livestock farms observed over the period 1983–92 and a translog input distance function.
Original languageEnglish
Pages (from-to)1044-1057
Number of pages14
JournalAmerican Journal of Agricultural Economics
Volume86
Issue number4
DOIs
Publication statusPublished - 2004

Keywords

  • cost and input distance functions
  • decomposition of TFP
  • UK livestock

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