Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/195410 
Year of Publication: 
2017
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 23 [Publisher:] Universidad Pablo de Olavide [Place:] Sevilla [Year:] 2017 [Pages:] 3-23
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract: 
Following the recent work of Gómez-Déniz and Pérez-Rodríguez (2014), this paper extends the results obtained there to the normal-exponential distribution with dependence. Accordingly, the main aim of the present paper is to enhance stochastic production frontier and stochastic cost frontier modelling by proposing a bivariate distribution for dependent errors which allows us to nest the classical models. Closed-form expressions for the error term and technical efficiency are provided. An illustration using real data from the econometric literature is provided to show the applicability of the model proposed.
Subjects: 
technical and cost efficiencies
stochastic frontier
marginal distribution
dependence
Sarmanov model
JEL: 
C01
C13
C21
C51
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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