Frontier production functions and technical efficiency: a survey of empirical applications in agricultural economics
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The modelling and estimation of frontier production functions has been an important
area of econometric research during the last two decades. Forsund, Lovell and Schmidt
(1980) and Schmidt (1986) present reviews of the concepts and models involved and cite
some of the empirical applications which had appeared to their respective times of
publication.
This paper seeks to update the econometric modelling of frontier production functions
associated with the estimation of technical efficiency of individual firms. A survey of
empirical applications in agricultural economics is an important part of the paper.