## An Introduction to Efficiency and Productivity Analysis (Google eBook)An Introduction to Efficiency and Productivity Analysis is designed as a primer for anyone seeking an authoritative introduction to efficiency and productivity analysis. It is a systematic treatment of four relatively new methodologies in Efficiency/Production Analysis: (a) Least-Squares Econometric Production Models, (b) Total Factor Productivity (TFP) Indices, (c) Data Envelopment Analysis (DEA), and (d) Stochastic Frontiers. Each method is discussed thoroughly. First, the basic elements of each method are discussed using models to illustrate the method's fundamentals, and, second, the discussion is expanded to treat the extensions and varieties of each method's uses. Finally, one or more case studies are provided as a full illustration of how each methodology can be used. In addition, all four methodologies will be linked in the book's presentation by examining the advantages and disadvantages of each method and the problems to which each method can be most suitably applied. The book offers the first unified text presentation of methods that will be of use to students, researchers and practitioners who work in the growing area of Efficiency/Productivity Analysis.The book also provides detailed advice on computer programs which can be used to calculate the various measures. This involves a number of presentations of computer instructions and output listings for the SHAZAM, TFPIP, DEAP and FRONTIER computer programs. |

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### Contents

INTRODUCTION | 1 |

REVIEW OF PRODUCTION ECONOMICS | 11 |

Production Functions | 16 |

ADDITIONAL TOPICS IN PRODUCTION ECONOMICS | 39 |

INDEX NUMBERS AND PRODUCTIVITY MEASUREMENT | 69 |

2a SHAZAM Instructions for Output Price and Quantity Indices | 83 |

ECONOMIC THEORY AND INDEX NUMBERS | 99 |

EFFICIENCY MEASUREMENT USING DATA ENVELOPMENT | 133 |

EFFICIENCY MEASUREMENT USING STOCHASTIC FRONTIERS | 183 |

2a Listing of Data File EXA l DTA | 194 |

ADDITIONAL TOPICS ON STOCHASTIC FRONTIERS | 199 |

PRODUCTIVITY MEASUREMENT USING EFFICIENCY | 221 |

2a Listing of Data File EG4 DTA | 229 |

CONCLUSIONS | 243 |

Computer Software | 251 |

259 | |

3a Listing of Data File EG l DTA | 146 |

ADDITIONAL TOPICS ON DATA ENVELOPMENT ANALYSIS | 161 |

2a Listing of Data File EG3 DTA | 165 |

### Common terms and phrases

allocative efficiency approach assumed assumptions beta calculated Cobb-Douglas computer program cost function cost minimisation data envelopment analysis data file DEA models DEAP defined derived econometric efficiency measures efficiency scores environmental variables example Fare Figure Fisher index formula frontier production function functional form given Grosskopf hence Hotelling's Lemma i-th firm input and output input distance function input prices input quantities input vector input-orientated instruction file involved isocost isoquant labour Laspeyres likelihood function likelihood-ratio test linear programming listed Lovell methods ML estimates Note observed obtain output distance functions output file output price output quantity output vector output-orientated Paasche panel data parameters period price and quantity price index numbers production economics production function production technology productivity measurement profit function profit maximisation properties quantity index numbers ratio returns to scale scale efficiency Section SHAZAM slacks stochastic frontier model Table technical change technical inefficiency effects Tornqvist index translog zero