A Practitioner’s Guide to Stochastic Frontier Analysis Using Stata
A Practitioner’s Guide to Stochastic Frontier Analysis Using Stata by Subal C. Kumbhakar, published by Cambridge University Press on February 2, 2015, is an illustrated edition comprising 359 pages. This book serves as a comprehensive resource for practitioners in both academia and industry, offering a step-by-step guide to conducting efficiency analysis through the stochastic frontier approach. The author details methods for estimating production, cost, and profit efficiency while introducing the fundamental theories behind each model in an accessible manner, supported by empirical examples.
Readers will find practical insights into the application of various stochastic frontier models, including those addressing heteroscedasticity and exogenous determinants of inefficiency. The book also features computer code to facilitate the implementation of these models in real-world scenarios. By bridging the gap between theoretical concepts and practical applications, this guide expands the potential uses of production frontier analysis across diverse fields within business and economics, econometrics, and statistics.
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Stochastic Frontier Analysis Using Stata provides practitioners in academia and industry with a step-by-step guide on how to conduct efficiency analysis using the stochastic frontier approach. The authors explain in detail how to estimate production, cost, and profit efficiency and introduce the basic theory of each model in an accessible way, using empirical examples that demonstrate the interpretation and application of models. This book also provides computer code, allowing users to apply the models in their own work, and incorporates the most recent stochastic frontier models developed in academic literature. Such recent developments include models of heteroscedasticity and exogenous determinants of inefficiency, scaling models, panel models with time-varying inefficiency, growth models, and panel models that separate firm effects and persistent and transient inefficiency. Immensely helpful to applied researchers, this book bridges the chasm between theory and practice, expanding the range of applications in which production frontier analysis may be implemented.
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