{"title":"Nonparametric estimation of allocative efficiency using indirect production theory: Application to container ports in Norway","authors":"","doi":"10.1007/s11123-024-00719-1","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>Adaption to prices is an important feature of productivity development. This paper proposes an extension of the StoNED model to accommodate estimation of allocative efficiency. It demonstrates how indirect production theory is suited for assessing allocative efficiency and helps alleviating the curse of dimensionality for stochastic nonparametric estimators compared to conventional measures of allocative efficiency. Furthermore, the paper elaborates on the appropriate cost of capital for the estimation of allocative efficiency. The proposed model framework is utilized to study allocative efficiency of Norwegian container ports, thereby adding to the literature on seaport terminal efficiency studies.</p>","PeriodicalId":16870,"journal":{"name":"Journal of Productivity Analysis","volume":"26 1","pages":""},"PeriodicalIF":2.3000,"publicationDate":"2024-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Productivity Analysis","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s11123-024-00719-1","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Adaption to prices is an important feature of productivity development. This paper proposes an extension of the StoNED model to accommodate estimation of allocative efficiency. It demonstrates how indirect production theory is suited for assessing allocative efficiency and helps alleviating the curse of dimensionality for stochastic nonparametric estimators compared to conventional measures of allocative efficiency. Furthermore, the paper elaborates on the appropriate cost of capital for the estimation of allocative efficiency. The proposed model framework is utilized to study allocative efficiency of Norwegian container ports, thereby adding to the literature on seaport terminal efficiency studies.
期刊介绍：
The Journal of Productivity Analysis publishes theoretical and applied research that addresses issues involving the measurement, explanation, and improvement of productivity. The broad scope of the journal encompasses productivity-related developments spanning the disciplines of economics, the management sciences, operations research, and business and public administration. Topics covered in the journal include, but are not limited to, productivity theory, organizational design, index number theory, and related foundations of productivity analysis. The journal also publishes research on computational methods that are employed in productivity analysis, including econometric and mathematical programming techniques, and empirical research based on data at all levels of aggregation, ranging from aggregate macroeconomic data to disaggregate microeconomic data. The empirical research illustrates the application of theory and techniques to the measurement of productivity, and develops implications for the design of managerial strategies and public policy to enhance productivity.
Officially cited as: J Prod Anal
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