Specification Testing of Production in a Stochastic Frontier Model

Specification Testing of Production in a Stochastic Frontier Model

Parametric production frontier functions are frequently used in stochastic frontier models, but there do not seem to be any empirical test statistics for the plausibility of this application. In this paper, we develop procedures to test whether or not the parametric production frontier functions are...

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Bibliographic Details
Main Authors: Xu Guo, Gao-Rong Li, Michael McAleer, Wing-Keung Wong
Format: Article
Language:English
Published: MDPI AG 2018-08-01
Series:Sustainability
Subjects:
production frontier function
stochastic frontier model
specification testing
wild bootstrap
smoothing process
empirical process
simulations
Online Access:http://www.mdpi.com/2071-1050/10/9/3082

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