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Advanced Efficiency and Productivity Analysis

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#70102 / #2

SS 2016 - SS 2017

English

Advanced Efficiency and Productivity Analysis

6

Hirschhausen, Christian

benotet

Portfolioprüfung

Zugehörigkeit


Fakultät VII

Institut für Volkswirtschaftslehre und Wirtschaftsrecht

37311500 FG Volkswirtschaftlehre, insb. Wirtschafts- und Infrastrukturpolitik

Volkswirtschaftslehre

Kontakt


H 33

Cullmann, Astrid

sekr@wip.tu-berlin.de

http://www.wip.tu-berlin.de

Learning Outcomes

A range of econometric, nonparametric and semiparametric methods has been developed to analyze the productivity and efficiency of various decision making units (firms, industries, municipalities etc.) The aim of this course is to give the students the ability to formulate, estimate and interpret productivity and efficiency analysis models of various types. A key ingredient of the course is the application of these methods to actual data in programming sessions.

Content

Performance measurement is important in various fields of an economy. This course gives an overview of basic and advanced methods for quantitatively evaluating productivity and efficiency of different decision making units. The course will start with a review of production economics. It focuses then on three frontier concepts: 1) Nonparametric efficiency analysis with a special focus on inference in nonparametric methods, partial frontiers, environmental variables and conditional efficiency. 2) Parametric efficiency analysis with production and cost function formulation and estimation, panel data in SFA, testing and inference and 3) Semiparametric efficiency analysis such as stochastic non-smooth envelopment of data (StoNED) and the Fan, Li and Weersink (1996) estimator. Finally the frontier concepts are put in a broader context and related to other productivity measurement concepts. The course focuses on two aspects: in a first part, theoretical background of the nonparametric, semiparametric and econometric methodologies will be discussed. In the second part, the course focuses on applications with firm level -data in various regulated industries such as the energy and water sector. Various case studies are analyzed in the tutorials: the emphasis will be primarily on the practical implementation of the methods with the appropriate software and the interpretation of the empirical results. Data and measurement issues are discussed relating to the collection of data on inputs, outputs and prices for use in efficiency and productivity studies.

Module Components

Pflichtgruppe:

All Courses are mandatory.

Course NameTypeNumberCycleLanguageSWSVZ
Advanced Efficiency and Productivity AnalysisIV71 150 L 5509SoSeEnglish4

Workload and Credit Points

Advanced Efficiency and Productivity Analysis (IV):

Workload descriptionMultiplierHoursTotal
Class attendance15.04.0h60.0h
Course preparation and follow up15.04.0h60.0h
Exam preparation1.030.0h30.0h
Preparation of presentation1.015.0h15.0h
Problem sets1.015.0h15.0h
180.0h(~6 LP)
The Workload of the module sums up to 180.0 Hours. Therefore the module contains 6 Credits.

Description of Teaching and Learning Methods

Block scheduling with lectures and tutorials. Additional programming tutorials with Stata and R (introductory course in the beginning of the course – no prerequisite).

Requirements for participation and examination

Desirable prerequisites for participation in the courses:

Basic knowledge in microeconomics and microeconometrics, basic knowledge in nonparametric efficiency analysis from the Network and Infrastructure Regulation useful

Mandatory requirements for the module test application:

This module has no requirements.

Module completion

Grading

graded

Type of exam

Portfolio examination

Type of portfolio examination

No information

Language

English

Test elements

NamePoints/WeightCategorieDuration/Extent
Presentation25No informationNo information
Problem Sets25No informationNo information
Written Exam50No informationNo information

Grading scale

No information

Test description (Module completion)

The portfolio examination consists of the following elements, adding up to a maximum of 100 credits. The grading follows the joint conversion key of the School of Economics and Management (decision of the school's council dated May 28, 2014 - FKR VII-4/8-28.05.2014).

Duration of the Module

The following number of semesters is estimated for taking and completing the module:
1 Semester.

This module may be commenced in the following semesters:
Sommersemester.

Maximum Number of Participants

This module is not limited to a number of students.

Registration Procedures

Please register via e-mail to mnieswand@diw.de.

Recommended reading, Lecture notes

Lecture notes

Availability:  unavailable

 

Electronical lecture notes

Availability:  unavailable

 

Literature

Recommended literature
Bogetoft, P. and Otto, L. (2011) Benchmarking with DEA, SFA, and R, Springer.
Chambers, R. (1988) Applied Production Analysis: A Dual Approach, 4. edition, Cambridge University Press, Cambridge, Massachusetts.
Coelli, T., Rao, D., O’Donnell, C. and Battese, G. (2005) An Introduction to Efficiency and Productivity Analysis, 2. edition, Springer.
Fan, Li and Weersink (1996): Semiparametric Estimation of Stochastic Frontier Models. In: Journal of Business & Economic Statistics, Vol. 14 (4), pp. 460-468.
Färe, R., Grosskopf, S. and Lovell, C.A.K. (1994) Production Frontiers, Cambridge University Press, Cambridge.
Greene, W. H. (2007) The Econometric Approach to Efficiency Measurement. In: Fried, H., Lovell, C.A.K. and Schmidt, S., editors, The Measurement of Productive Efficiency. Oxford University Press, Oxford.
Kuosmanen, T., and Kortelainen, M. (2012): Stochastic non-smooth envelopment of data: Semi-parametric frontier estimation subject to shape constraints. Journal of Productivity Analysis Vol. 38 (1), 11-28.
Kuosmanen, T. (2012): Stochastic semi-nonparametric frontier estimation of electricity distribution networks: Application of the StoNED method in the Finnish regulatory model. Energy Economics, in press.
Simar, L. and Wilson, P. (2007) Statistical Inference in Nonparametric Frontier Models: Recent Developments and Perspectives. In: Fried, H., Lovell, C.A.K. and Schmidt, S., editors, The Measurement of Productive Efficiency. Oxford University Press, Oxford.

Assigned Degree Programs


This module is used in the following Degree Programs (new System):

Studiengang / StuPOStuPOsVerwendungenErste VerwendungLetzte Verwendung
This module is not used in any degree program.

Students of other degrees can participate in this module without capacity testing.

Miscellaneous

No information