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| ECON0930-1 | Efficiency and Productivity Measurement,
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| Duration : | 30h Th |
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| Credits/ECTS : |
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| Holder(s) : | Sergio Perelman |
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| Language : | Langue anglaise |
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| Course contents : | In economic activities performance is a key issue. Over the last twenty years new methods and tools were developed allowing identifying deviations from optimal behaviour. The growing frontier analysis literature postulates that best practice production and cost frontiers can be computed using observed data. For the purpose, several parametric and non-parametric, stochastic or deterministic approaches were developed in order to estimate technical and allocative efficiencies in production. The objective of this course is to familiarise students with these alternative approaches through their application using real world data and specialised computer programmes. The chose examples illustrate the use of frontier analysis tools for regulatory purposes. |
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| Workshops : | Sessions devoted to solve exercises using adapted software and data files. |
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| Organization : | Outline of the course
1. Review of production economics
2. Productivity measurement: overview of concepts, terminology and methods
3. Price-based Index Number (PIN) methods
4. Data and measurement issues
5. Data Envelopment Analysis (DEA)
6. Additional topics on DEA
7. DEA examples and applications
8. Stochastic Frontier Analysis (SFA)
9. Additional topics on SFA
10. SFA examples and applications
11. The Malmquist TFP index
12. TFP decomposition using SFA
13. TFP examples and applications
14. Quality and environment
15. Efficiency measurement for infrastructure regulation
16. An empirical example of price-cap regulation
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| Written notes : | Coelli, T.J., Rao, D.S.P., O'Donnell, C.J., Battese, G.E., An Introduction to Efficiency and Productivity Analysis, 2nd edition, 2005, Springer.
Coelli, T.J., Estache, A., Perelman, S. and L. Trujillo, A Primer on Efficiency measurement for utilities and transport regulators, Economic Development Institute of The World Bank, 2003.
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| Assessment : | Final examination and presentation of journal articles. |
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