Measuring productivity and efficiency: a Kalman filter approach
In the Kalman filter setting, one can model the inefficiency term of the standard stochastic frontier composed error as an unobserved state. In this study a panel data version of the local level model is used for estimating time-varying efficiencies of firms. We apply the Kalman filter to estimate a...
| Main Authors: | , , |
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| Format: | Article |
| Published: |
Springer
2016
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/41338/ |