Abstract
This paper employs a fully nonparametric stochastic frontier model with time and individual effects to study technical efficiency in China's post-reform economy. The panel data cover China's thirty provinces for the period of 1985-2008. The empirical results show that the average output elasticity of labor is larger than the other two inputs of capital and human capital. Based on the specified inefficiency Tobit model, the factor analysis on technical efficiency shows that the time effects of technical efficiency in China's post-reform economy are significantly contingent on the factors. There exists significant regional differences in technical efficiency in China's economic development, and a number of policy implications can be drawn. © 2011 Elsevier Inc.
| Original language | English |
|---|---|
| Pages (from-to) | 357-372 |
| Journal | China Economic Review |
| Volume | 22 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Sept 2011 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Research Keywords
- Fully nonparametric stochastic frontier
- Technical efficiency
- Time effects and individual effects
- Time variant
- Tobit model
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