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The research follows neo-classical methodology to analyse the trends of the agricultural efficiency. The paper fits the stochastic production frontier to the micro data describing the performance of the Lithuanian family farms during 2004–2009 in order to define the current trends of efficiency and productivity in the sector. Indeed, this is the first application of stochastic frontiers to gauge the performance of Lithuanian family farms. The technical efficiency of the Lithuanian family farms fluctuated around 80%. The analysis confirmed that the livestock farms were peculiar with higher mean technical efficiency if compared to that of mixed or crop farms. The estimated partial output elasticities imply that the intermediate consumption was the most productive factor, whereas assets were four to six times less productive depending on the farming type. The land factor was peculiar with the lowest partial output elasticities. The research contributes to the wider discussion on the patterns of efficiency and productivity in a transition European Union Member States following the accession.

The research follows neo-classical methodology to analyse the trends of the agricultural efficiency. The paper fits the stochastic production frontier to the micro data describing the performance of the Lithuanian family farms during 2004–2009 in order to define the current trends of efficiency and productivity in the sector. Indeed, this is the first application of stochastic frontiers to gauge the performance of Lithuanian family farms. The technical efficiency of the Lithuanian family farms fluctuated around 80%. The analysis confirmed that the livestock farms were peculiar with higher mean technical efficiency if compared to that of mixed or crop farms. The estimated partial output elasticities imply that the intermediate consumption was the most productive factor, whereas assets were four to six times less productive depending on the farming type. The land factor was peculiar with the lowest partial output elasticities. The research contributes to the wider discussion on the patterns of efficiency and productivity in a transition European Union Member States following the accession.

Modern textbook presentations of production economics typically treat producers as successful optimizers. Conventional econometric practice has generally followed this paradigm, and least squares based regression techniques have been used to estimate production, cost, profit and other functions. In such a framework deviations from maximum output, from minimum cost and cost minimizing input demands, and from maximum profit and profit maximizing output supplies and input demands, are attributed exclusively to random statistical noise. However casual empiricism and the business press both make persuasive cases for the argument that, although producers may indeed attempt to optimize, they do not always succeed. This book develops econometric techniques for the estimation of production, cost and profit frontiers, and for the estimation of the technical and economic efficiency with which producers approach these frontiers. Since these frontiers envelop rather than intersect the data, and since the authors continue to maintain the traditional econometric belief in the presence of external forces contributing to random statistical noise, the work is titled Stochastic Frontier Analysis

Este trabajo analiza la ineficiencia en las asignaciones salariales en Venezuela a través de la metodología de fronteras estocásticas para el año 2006. Las estimaciones indican que los empleadores exhiben una ineficiencia por encima del 30%. En el caso de los trabajadores, la ineficiencia no resulta ser estadísticamente significativa. Ello puede deberse a las políticas de fijación de salario mínimo y otras a través de las cuales el Estado controla el mercado laboral, las cuales inducen la ineficiencia por parte de los empleadores, así como el interés de los propios empleadores de estimular la productividad de sus propios trabajadores, pagando salarios de eficiencia. ; This paper analyzes wage inefficiency in Venezuela in 2006 based on the methodology of stochastic frontiers. Empirical results indicate that employers' inefficiency is above 30%, while for employees inefficiency is not statistical significant. This can be explained by government role in the labor market and by the fact that employers may be paying efficiency wages to increase productivity. ; 107-142 ; pedro.harmath@ucla.edu.ve ; jramoni@ula.edu.ve ; semestral

The relative technical allocative, and scale inefficiencies of small, medium, and large-sized dairy farms in Ecuador was investigated. Large farms were found to be the most technically efficient group. However, medium-sized farms were discovered to be the most allocatively efficient group of farms. Capital inputs were found to have the largest output elasticity. Government retail milk pricing ceilings in Ecuador reflect a farm level milk price which is likely above average costs for many producers. However, marginal costs exceed the farm level price indicating that increasing efficiency of the farms would be an essential part of any government designed to increase milk production.