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Semiparametric stochastic metafrontier efficiency of European manufacturing firms

Marijn Verschelde, Michel Dumont UGent, Glenn Rayp UGent and Bruno Merlevede UGent (2016) JOURNAL OF PRODUCTIVITY ANALYSIS. 45(1). p.53-69
abstract
In this paper a semiparametric stochastic metafrontier approach is used to obtain insight into the performance of manufacturing firms in Europe. We differ from standard TFP studies at the firm level as we simul- taneously allow for inefficiency, noise and do not impose a functional form on the input–output relation. Using AMADEUS firm-level data covering ten manufacturing sectors from seven EU15 countries, (1) we document substantial and persistent differences in performance (with Belgium and Germany as benchmark countries and Spain lagging behind) and a wide technology gap, (2) we confirm the absence of convergence in TFP between the seven selected countries, (3) we highlight a more pronounced technology gap for smaller firms.
Please use this url to cite or link to this publication:
author
organization
year
type
journalArticle (original)
publication status
published
subject
keyword
LOCAL LIKELIHOOD ESTIMATION, NONPARAMETRIC FRONTIER ESTIMATION, REGRESSION, TRADE, COEFFICIENT, ESTIMATORS, Manufacturing, Stochastic frontier, Semiparametric frontier, Kernel estimation, Metafrontier estimation, Productive efficiency, TURNOVER, PRODUCTIVITY, GENERALIZED LEONTIEF, MINFLEX-LAURENT
journal title
JOURNAL OF PRODUCTIVITY ANALYSIS
volume
45
issue
1
pages
53 - 69
Web of Science type
Article
Web of Science id
000369916200004
JCR category
ECONOMICS
JCR impact factor
1.101 (2016)
JCR rank
141/347 (2016)
JCR quartile
2 (2016)
ISSN
0895-562X
DOI
10.1007/s11123-015-0458-7
language
English
UGent publication?
yes
classification
A1
copyright statement
I have transferred the copyright for this publication to the publisher
id
6983725
handle
http://hdl.handle.net/1854/LU-6983725
date created
2015-11-16 17:09:42
date last changed
2016-12-19 15:42:05
@article{6983725,
  abstract     = {In this paper a semiparametric stochastic metafrontier approach is used to obtain insight into the performance of manufacturing firms in Europe. We differ from standard TFP studies at the firm level as we simul- taneously allow for inefficiency, noise and do not impose a functional form on the input--output relation. Using AMADEUS firm-level data covering ten manufacturing sectors from seven EU15 countries, (1) we document substantial and persistent differences in performance (with Belgium and Germany as benchmark countries and Spain lagging behind) and a wide technology gap, (2) we confirm the absence of convergence in TFP between the seven selected countries, (3) we highlight a more pronounced technology gap for smaller firms.},
  author       = {Verschelde, Marijn and Dumont, Michel and Rayp, Glenn and Merlevede, Bruno},
  issn         = {0895-562X},
  journal      = {JOURNAL OF PRODUCTIVITY ANALYSIS},
  keyword      = {LOCAL LIKELIHOOD ESTIMATION,NONPARAMETRIC FRONTIER ESTIMATION,REGRESSION,TRADE,COEFFICIENT,ESTIMATORS,Manufacturing,Stochastic frontier,Semiparametric frontier,Kernel estimation,Metafrontier estimation,Productive efficiency,TURNOVER,PRODUCTIVITY,GENERALIZED LEONTIEF,MINFLEX-LAURENT},
  language     = {eng},
  number       = {1},
  pages        = {53--69},
  title        = {Semiparametric stochastic metafrontier efficiency of European manufacturing firms},
  url          = {http://dx.doi.org/10.1007/s11123-015-0458-7},
  volume       = {45},
  year         = {2016},
}

Chicago
Verschelde, Marijn, Michel Dumont, Glenn Rayp, and Bruno Merlevede. 2016. “Semiparametric Stochastic Metafrontier Efficiency of European Manufacturing Firms.” Journal of Productivity Analysis 45 (1): 53–69.
APA
Verschelde, M., Dumont, M., Rayp, G., & Merlevede, B. (2016). Semiparametric stochastic metafrontier efficiency of European manufacturing firms. JOURNAL OF PRODUCTIVITY ANALYSIS, 45(1), 53–69.
Vancouver
1.
Verschelde M, Dumont M, Rayp G, Merlevede B. Semiparametric stochastic metafrontier efficiency of European manufacturing firms. JOURNAL OF PRODUCTIVITY ANALYSIS. 2016;45(1):53–69.
MLA
Verschelde, Marijn, Michel Dumont, Glenn Rayp, et al. “Semiparametric Stochastic Metafrontier Efficiency of European Manufacturing Firms.” JOURNAL OF PRODUCTIVITY ANALYSIS 45.1 (2016): 53–69. Print.