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  • Book
  • © 2005

An Introduction to Efficiency and Productivity Analysis

Authors:

  1. Timothy J. Coelli

    1. University of Queensland, Australia

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  2. D.S. Prasada Rao

    1. University of Queensland, Australia

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  3. Christopher J. O’Donnell

    1. University of Queensland, Australia

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  4. George E. Battese

    1. University of Queensland, Australia

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  • This is the only book that provides a comprehensive and unified introduction to the main techniques used in this field: index number methods, data envelopment analysis (DEA) and econometric techniques, including stochastic frontier analysis (SFA)
  • For each technique the basic methods are carefully described with the aid of numerous diagrams, simple empirical examples and computer output listings. The more advanced aspects of each technique are then discussed after the basic ideas are covered
  • The DEA section has been updated to cover weights restrictions; super efficiency; bootstrapping; short run cost minimization; and profit maximization
  • The productivity growth section has been updated to cover the issues of shadow prices and scale effects
  • In addition, the parametric methods section has been updated to cover scope economies; confidence intervals; testing and imposing regularity conditions; and Bayesian methods

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xvii
    PDF

  2. Introduction

    Pages 1-9

  13. Conclusions

    Pages 311-315

  14. Back Matter

    Pages 317-349
    PDF
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About this book

The second edition of this book has been written for the same audience as the first edition. It is designed to be a "first port of call" for people wishing to study efficiency and productivity analysis. The book provides an accessible introduction to the four principal methods involved: econometric estimation of average response models; index numbers; data envelopment analysis (DEA); and stochastic firontier analysis (SFA). For each method, we provide a detailed introduction to the basic concepts, give some simple numerical examples, discuss some of the more important extensions to the basic methods, and provide references for further reading. In addition, we provide a number of detailed empirical applications using real-world data. The book can be used as a textbook or as a reference text. As a textbook, it probably contains too much material to cover in a single semester, so most instructors will want to design a course around a subset of chapters. For example, Chapter 2 is devoted to a review of production economics and could probably be skipped in a course for graduate economics majors. However, it should prove useful to undergraduate students and those doing a major in another field, such as business management or health studies.
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Keywords

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Reviews

From the reviews of the second edition:

"The authors introduce the four major methods economists use to analyze efficiency and productivity: econometric estimation of average response, index numbers, data envelopment analysis (DEA), and stochastic frontier analysis. They intend the book primarily as a text for students in economics and also for students in other disciplines, such as business administration. … On the whole, I rate the book as excellent … ." (Jamshed A. Modi, Interfaces, Vol. 37 (2), 2007)

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Authors and Affiliations

  • University of Queensland, Australia

    Timothy J. Coelli, D.S. Prasada Rao, Christopher J. O’Donnell, George E. Battese

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Bibliographic Information

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Buy it now

eBook USD 89.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 119.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 159.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

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