Efficiency and Productivity Analysis: Using Copulas in Stochastic Frontier Models
Энэ электрон номын тухай
Following a comprehensive review of classic methodology, Professor Artem Prokhorov covers topics in panel data modeling, in endogeneity in SFA, in joint modeling of technical and allocative inefficiency, and in optimal and robust prediction of inefficiency scores. This is done using copulas to capture various kinds of statistical dependence that have been previously ignored when modeling production. The classic and advanced topics are illustrated using practical examples and codes written in modern programming languages. As an important example, the book spells out the case where both the values of output and the ratio of inputs used in production are optimized simultaneously. Such simultaneity, if ignored, leads to biased estimates of productivity and returns-to-scale and may understate inefficiency.
The book offers a useful reference for those interested in the newest robust methods of business analytics in the area of productivity and efficiency, with implications for strategy, budgeting, resourcing and benchmarking of firms, industries and production units more generally.
Зохиогчийн тухай
Artem Prokhorov is a Professor at the Business School of the University of Sydney, Australia. He is also a Research Fellow at the Centre Interuniversitaire de Recherche en Économie Quantitative (CIREQ) at the University of Montreal, Canada, and a Co-Founder and Academic Advisor of the Center for Econometrics and Business Analytics (CEBA) at St. Petersburg State University, Russia. Professor Prokhorov is a founding member of the International Society for Efficiency and Productivity Analysis (ISEAPA). He holds a Cand Sci degree from St. Petersburg State University and a PhD degree in Economics from Michigan State University.
