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Estimating technical efficiency of Australian dairy farms using alternative frontier methodologies

Fraser, Iain M, Balcombe, Kelvin, Kim, Jae H. (2006) Estimating technical efficiency of Australian dairy farms using alternative frontier methodologies. Applied Economics, 38 (19). pp. 2221-2236. ISSN 0003-6846. (doi:10.1080/00036840500427445) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:5525)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided.
Official URL:
http://dx.doi.org/10.1080/00036840500427445

Abstract

Technical efficiency is estimated and examined for a cross-section of Australian dairy farms using various frontier methodologies; Bayesian and Classical stochastic frontiers, and Data Envelopment Analysis. The results indicate technical inefficiency is present in the sample data. Also identified are statistical differences between the point estimates of technical efficiency generated by the various methodologies. However, the rank of farm level technical efficiency is statistically invariant to the estimation technique employed. Finally, when confidence/credible intervals of technical efficiency are compared significant overlap is found for many of the farms' intervals for all frontier methods employed. The results indicate that the choice of estimation methodology may matter, but the explanatory power of all frontier methods is significantly weaker when interval estimate of technical efficiency is examined.

Item Type: Article
DOI/Identification number: 10.1080/00036840500427445
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Iain Fraser
Date Deposited: 29 Aug 2008 15:35 UTC
Last Modified: 16 Nov 2021 09:43 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/5525 (The current URI for this page, for reference purposes)

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