A measure of production performance

Kokic, Philip, Chambers, Ray, Breckling, Jens and Beare, Steve (1997) A measure of production performance. Journal of Business and Economic Statistics, 4, 419-435.


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Suppose there are data available on the value of business output, as measured by a single variable y and the values of the corresponding inputs x, with the relationship between y and x determined by an appropriately chosen production function. It is shown how M-quantile regression methods can be used to construct a performance measure that allows a meaningful comparison of the production performance of the businesses. The method is illustrated using survey data collected from farm businesses in the pastoral zone of New South Wales and southern Queensland between 1978 and 1987.

Item Type: Article
Related URLs:
Keywords: m-quantile regression, production function, returns to scale, technical efficiency
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HA Statistics
Divisions : University Structure - Pre August 2011 > School of Social Sciences > Social Statistics
ePrint ID: 34172
Accepted Date and Publication Date:
October 1997Published
Date Deposited: 19 Dec 2007
Last Modified: 31 Mar 2016 12:01
URI: http://eprints.soton.ac.uk/id/eprint/34172

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