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Technical efficiency of Australian wool production: Point and confidence interval estimates.

Fraser, Iain M, Horrace, W.C. (2003) Technical efficiency of Australian wool production: Point and confidence interval estimates. Journal of Productivity Analysis, 20 (2). 169 - 190. ISSN 0895-562X. (doi:10.1023/A:1025180205923) (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:5540)

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/10.1023/A:1025180205923

Abstract

A balanced panel of data is used to estimate technical efficiency, employing a fixed-effects stochastic frontier specification for wool producers in Australia. Both point estimates and confidence intervals for technical efficiency are reported. The confidence intervals are constructed using the multiple comparisons with the best ( MCB) procedure of Horrace and Schmidt ( 1996, 2000). The confidence intervals make explicit the precision of the technical efficiency estimates and underscore the dangers of drawing inferences based solely on point estimates. Additionally, they allow identification of wool producers that are statistically efficient and those that are statistically inefficient. The data reveal at the 95% level that twenty-one of the twenty-six wool farms analyzed may be efficient.

Item Type: Article
DOI/Identification number: 10.1023/A:1025180205923
Uncontrolled keywords: production functions; stochastic frontier; multiple comparisons; wool
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: 08 Sep 2008 16:54 UTC
Last Modified: 16 Nov 2021 09:43 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/5540 (The current URI for this page, for reference purposes)

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