Estimation of technical efficiency by application of the SFA method for panel data
Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, 2011, vol.11(26), nr 3, s. 5-13
Słowa kluczowe
Key words
efficiency Stochastic Frontier Analysis (SFA) Cobb-Douglas function Translog function.
Streszczenie
brak
Abstract
Estimation of the technical efficiency which measures the ability of a company to obtain the maximum output from given inputs or to use the minimum input to achieve given outputs has been considered. Stochastic methods were chosen because of their wide application in research in the whole world. The Translog and Cobb-Douglas stochastic frontiers were fitted in order to estimate the efficiency of milling companies in Poland.