Title :
An evaluation of a production performance across the selected EU regions
Author_Institution :
Dept. of Syst. Eng., VSB-Tech. Univ. of Ostrava, Ostrava, Czech Republic
Abstract :
The paper deals with production performance evaluation of the EU selected regions in the period 2000 - 2011. We estimate a translog stochastic production frontier using the true fixed-effects methods. We detect statistically significant savings with respect to the technical progress in capital input and consumption with respect to the technical progress in labor input. We evaluate the performance based on the Malmquist productivity index. We analyze these productivity patterns through technological progress and technical efficiency. According to the results, the researched region can be classified into four quadrants by causes of changes in productivity. Results showed that average productivity growth was 1.5% mainly due to the technological progress 1% and a slight influence of technical efficiency change 0.5%.
Keywords :
economics; estimation theory; productivity; stochastic processes; venture capital; EU regions; Malmquist productivity index; capital input; economic output; fixed-effects methods; labor input; production performance evaluation; savings detection; translog stochastic production frontier estimation; Estimation; Indexes; Kernel; Noise; Productivity; Stochastic processes; Malmquist productivity index; production function; stochastic frontier; technical efficiency; technological progress; translog productivity function;
Conference_Titel :
Control, Decision and Information Technologies (CoDIT), 2014 International Conference on
Conference_Location :
Metz
DOI :
10.1109/CoDIT.2014.6996888
