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題名 Comparisons of Economic Inefficiency Between Output and Input Measures of Technical Inefficiency Using the Fourier Flexible Cost Function
作者 Huang, Tai-Hsin;Wang, Mei-Hui
黃台心
貢獻者 金融系
關鍵詞 The current paper constructs a Fourier flexible cost function, which is commonly known to be a more general function form than the typical translog form, and can globally approximate a true (but unknown) cost function. Both allocative and technical inefficiencies are considered using the Fourier function in the context of the parametric approach. The former is modeled using shadow input prices and the latter is formulated either by adding an extra term of scale parameter (when the Farrell`s (1957) input technical inefficiency is assumed), or by correcting all the terms involving output quantities by a scale parameter (when the Farrell`s output technical inefficiency is assumed). It is found that sample banks could save up to 23% of total costs, within the range of 3 and 69% uncovered by the previous works, in which allocative inefficiency plays a more important role than technical inefficiency. Furthermore, the cost of misallocated labor input alone constitutes more than 80% of total allocative inefficiency. Financial deregulation starting from 1991 in Taiwan appears to have improved economic efficiency of the banking industry.
日期 2004
上傳時間 30-Mar-2015 17:39:07 (UTC+8)
摘要 art%3A10.1023%2FB%3APROD.0000034747.85182.78.pdf
關聯 technical inefficiency; allocative inefficiency; Fourier flexible function
資料類型 article
DOI http://dx.doi.org/10.1023/B:PROD.0000034747.85182.78
dc.contributor 金融系
dc.creator (作者) Huang, Tai-Hsin;Wang, Mei-Hui
dc.creator (作者) 黃台心zh_TW
dc.date (日期) 2004
dc.date.accessioned 30-Mar-2015 17:39:07 (UTC+8)-
dc.date.available 30-Mar-2015 17:39:07 (UTC+8)-
dc.date.issued (上傳時間) 30-Mar-2015 17:39:07 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/74194-
dc.description.abstract (摘要) art%3A10.1023%2FB%3APROD.0000034747.85182.78.pdf
dc.language Journal of Productivity Analysis - J PROD ANAL , vol. 22, no. 1, pp. 123-142
dc.relation (關聯) technical inefficiency; allocative inefficiency; Fourier flexible function
dc.subject (關鍵詞) The current paper constructs a Fourier flexible cost function, which is commonly known to be a more general function form than the typical translog form, and can globally approximate a true (but unknown) cost function. Both allocative and technical inefficiencies are considered using the Fourier function in the context of the parametric approach. The former is modeled using shadow input prices and the latter is formulated either by adding an extra term of scale parameter (when the Farrell`s (1957) input technical inefficiency is assumed), or by correcting all the terms involving output quantities by a scale parameter (when the Farrell`s output technical inefficiency is assumed). It is found that sample banks could save up to 23% of total costs, within the range of 3 and 69% uncovered by the previous works, in which allocative inefficiency plays a more important role than technical inefficiency. Furthermore, the cost of misallocated labor input alone constitutes more than 80% of total allocative inefficiency. Financial deregulation starting from 1991 in Taiwan appears to have improved economic efficiency of the banking industry.
dc.title (題名) Comparisons of Economic Inefficiency Between Output and Input Measures of Technical Inefficiency Using the Fourier Flexible Cost Function
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1023/B:PROD.0000034747.85182.78en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1023/B:PROD.0000034747.85182.78 en_US