Measurement of dynamic efficiency, a directional distance function parametric approach
Resource information
Date of publication
April 2010
Resource Language
ISBN / Resource ID
AGRIS:US2016207652
This research proposes a parametric estimation of the structural dynamic efficiency measures proposed by Silva and Oude Lansink (2009). Overall, technical and allocative efficiency measurements are derived based on a directional distance function and the duality between this function and the optimal value function. The applicability of the parametric proposal is illustrated by assessing dynamic efficiency ratings for a sample of Dutch dairy farms observed from 1995 to 2005.