Efficiency measurement using a latent class stochastic frontier model

被引：11

作者：

Orea L. ^{[1
]}

Kumbhakar S.C. ^{[2
]}

机构：

[1] Department of Economics, University of Oviedo, Oviedo 33071, Avda. Del Cristo s/n

[2] Department of Economics, State University of New York, Binghampton

来源：

Empirical Economics | 2004年 / 29卷 / 1期

关键词：

Banks; Latent class model; Panel data; Stochastic cost frontier;

D O I：

10.1007/s00181-003-0184-2

中图分类号：

学科分类号：

摘要：

Efficiency estimation in stochastic frontier models typically assumes that the underlying production technology is the same for all firms. There might, however, be unobserved differences in technologies that might be inappropriately labeled as inefficiency if such variations in technology are not taken into account. We address this issue by estimating a latent class stochastic frontier model in a panel data framework. An application of the model is presented using Spanish banking data. Our results show that bank-heterogeneity can be fully controlled when a model with four classes is estimated.

引用

页码：169 / 183

页数：14

共 23 条

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