Flexible Panel Stochastic Frontier Model with Serially Correlated Errors
11 Pages Posted: 13 Dec 2017 Last revised: 15 Mar 2021
Date Written: December 10, 2017
Abstract
We propose a flexible dynamic panel stochastic frontier model with a feasible estimation strategy. The model accommodates individual heterogeneity and allows for an ARMA (p, q) specification of the model’s serial correlations. Distribution assumptions are also flexible. The dynamics are specified through the composed error of the model, rather than through its individual components.
Keywords: stochastic frontier models; dynamic panels; individual heterogeneity
Suggested Citation: Suggested Citation
Huang, Yu-Fan and Luo, Sui and Wang, Hung-Jen, Flexible Panel Stochastic Frontier Model with Serially Correlated Errors (December 10, 2017). Economics Letters, Vol. 163, 2018, Available at SSRN: https://ssrn.com/abstract=3085468
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.