Valid tests of whether technical inefficiency depends on firm characteristics

A-Tier
Journal: Journal of Econometrics
Year: 2008
Volume: 144
Issue: 2
Pages: 409-427

Authors (2)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We wish to test whether technical inefficiency depends on observable characteristics of the firm. We consider a two-step procedure in which the second step is a regression of estimated inefficiency on firm characteristics. A valid test of the hypothesis of no effect requires an adjustment to the variance matrix of the estimates. Unfortunately the adjustment is not distribution-free. We show that this test is the LM test in the exponential case. We also consider tests based on nonlinear least squares, which do not require a distributional assumption. The size and power of these tests are examined in simulations.

Technical Details

RePEc Handle
repec:eee:econom:v:144:y:2008:i:2:p:409-427
Journal Field
Econometrics
Author Count
2
Added to Database
2026-01-29