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| Revoredo-Giha, Cesar; Milne, Catherine E.; Leat, Philip M.K.; Cho, Woong Je. |
| In this paper the cost efficiency of Scottish farms is determined, variables that explain the relative cost efficiency by farm type are identified and implications discussed. A cost efficiency approach was selected as it can deal with farms producing multiple outputs (in contrast to production frontiers), and second because it can accommodate output constraints imposed by the Common Agricultural Policy (CAP). To estimate the stochastic cost frontier, a generalised multi-product translog cost function was estimated for five farm types: dairy, cereals and general cropping, cattle and sheep, specialist sheep and mixed farms. Eight farm outputs and four inputs were considered. The data for the estimation were drawn from the Farm Accounts Scheme (FAS) survey... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Stochastic cost frontier analysis; Cost efficiency; Scottish farms; Common Agricultural Policy.; Productivity Analysis; Farm Management. |
| Ano: 2006 |
URL: http://purl.umn.edu/46001 |
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| Revoredo-Giha, Cesar; Milne, Catherine E.; Leat, Philip M.K.; Cho, Woong Je. |
| In this paper the relative cost efficiency of Scottish farms is determined, and variables that explain this efficiency by farm type are identified and implications discussed. A panel dataset from the Farm Accounts Scheme (FAS) survey for the period 1997-2004 was used for the estimation. A cost efficiency indicator was measured using a fixed effect panel data regression. Further analysis, to explain the efficiency results, indicated the presence of important farm size and regional effects. However, other variables, whilst statistically significant, did not produce a consistent effect across the different farm types. |
| Tipo: Journal Article |
Palavras-chave: Stochastic cost frontier analysis; Cost efficiency; Scottish farms; Common Agricultural Policy; Farm Management; Q12. |
| Ano: 2009 |
URL: http://purl.umn.edu/56633 |
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