A Bayesian Approach to Dynamic Efficiency and Productivity Measurement

Download or read book A Bayesian Approach to Dynamic Efficiency and Productivity Measurement written by Ioannis Skevas and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The vast majority of the efficiency and productivity measurement literature has been based on the static viewpoint of the firm. Few studies have developed the dynamic analog of static efficiency measurement, introducing the notions of long-run efficiency and inefficiency persistence. However, these few existing dynamic efficiency studies have not provided any empirical evidence on the driving forces of firms' long-run efficiency and inefficiency persistence. Furthermore, calculation of Total Factor Productivity growth has predominantly been based on static efficiency specifications. This di...