2015
DOI: 10.15544/mts.2015.15
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The trends in efficiency of Lithuanian dairy farms: a semiparametric approach

Abstract: This study aims at analysing the trends in efficiency of Lithuanian dairy farms and thus identifying the prospective development paths. The semiparametric approach based on nonparametric regression and Stochastic Frontier Analysis is applied for the analysis. The research relies on Farm Accountancy Data Network and covers family farms. The period of 2004–2011 is considered. In order to identify the underlying trends in dairy farming, we focus on such features as technical efficiency, partial elasticities, and … Show more

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“…Figure 4A demonstrates the effect of exploration for selected values of φ. We have chosen a range of values for φ that roughly correspond to the order of magnitude of returns to scale reported in Baležentis et al (2015); Diewert et al (2011). For exploration probabilities p e < 1/N , i.e., when less than one individual per time unit switches their type, collapse is likely, which is indicated by reduced median survival times, Fig.…”
Section: Influence Of Model Parameters On Survival Timementioning
confidence: 99%
“…Figure 4A demonstrates the effect of exploration for selected values of φ. We have chosen a range of values for φ that roughly correspond to the order of magnitude of returns to scale reported in Baležentis et al (2015); Diewert et al (2011). For exploration probabilities p e < 1/N , i.e., when less than one individual per time unit switches their type, collapse is likely, which is indicated by reduced median survival times, Fig.…”
Section: Influence Of Model Parameters On Survival Timementioning
confidence: 99%