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In this study a panel data state space approach is used to estimate efficiencies of productive units where the states are required to lie in a closed convex constraint set.… Click to show full abstract
In this study a panel data state space approach is used to estimate efficiencies of productive units where the states are required to lie in a closed convex constraint set. The constraints are imposed by using oblique projections of state variables onto the constraint set. This approach provides a flexible approximation that can capture the time-varying pattern of firm specific efficiency.
Keywords:
state;
state space;
approach;
space approach;
efficiency
Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
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Journal Title: Economics Letters
Year Published: 2017
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!