Dynamic stochastic analysis of the farm subsidy-efficiency link : evidence from France

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http://hdl.handle.net/10138/309547

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Minviel , J J & Sipilainen , T 2018 , ' Dynamic stochastic analysis of the farm subsidy-efficiency link : evidence from France ' , Journal of Productivity Analysis , vol. 50 , no. 1-2 , pp. 41-54 . https://doi.org/10.1007/s11123-018-0533-y

Title: Dynamic stochastic analysis of the farm subsidy-efficiency link : evidence from France
Author: Minviel, Jean Joseph; Sipilainen, Timo
Contributor: University of Helsinki, Department of Economics and Management
Date: 2018-10
Language: eng
Number of pages: 14
Belongs to series: Journal of Productivity Analysis
ISSN: 0895-562X
URI: http://hdl.handle.net/10138/309547
Abstract: The existing literature on the subsidy-efficiency nexus is almost exclusively based on static modelling and thus ignores the inter-temporal nature of production decisions. The present paper contributes to this literature by developing a dynamic stochastic frontier model, which is then estimated using a sample of French farms over the period 1992-2011. For comparison purposes, the static counterpart of the dynamic model is also estimated. The results indicate that, in the dynamic case as well as in the static one, public subsidies are negatively associated with farm technical efficiency. Nevertheless, these linkages are found to be weak, and they are much weaker when dynamic aspects are taken into account.
Subject: Dynamic efficiency
Hyperbolic distance function
Subsidies
Farms
DATA ENVELOPMENT ANALYSIS
TECHNICAL EFFICIENCY
DISTANCE FUNCTIONS
DAIRY FARMS
PARAMETRIC APPROACH
ELECTRIC UTILITIES
AGENCY COSTS
IMPACT
INEFFICIENCY
UNCERTAINTY
512 Business and Management
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