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Abstract
The concept of efficiency is essential to measuring the firm performance. The literature provides a range of methodologies for estimation of efficiency. The purpose of this study is to review stochastic frontier production models and to offer a comparison between established models. The discussion is not exhaustive, but to be up-to-date and to provide a significant discussion on stochastic frontier models with panel data. |
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Keywords Stochastic Frontier Model, Technical Efficiency, Allocative Efficiency, Panel Data |
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