Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector.
In this paper we make a methodological analysis of the Error Components Frontier (ECF) panel data model performance based on Stochastic Frontier Analysis (SFA) method for cost efficiency benchmarking in the presence of small panels and outliers. By means of a set of simulations and a subsequent appl...
| Main Authors: | , |
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| Format: | Online |
| Language: | spa |
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Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2021
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| Online Access: | https://revistas.unc.edu.ar/index.php/REyE/article/view/36335 |
| _version_ | 1839026234487472128 |
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| author | Girela, Ignacio G. Vargas, José M. |
| author_facet | Girela, Ignacio G. Vargas, José M. |
| author_sort | Girela, Ignacio G. |
| collection | Portal de Revistas |
| description | In this paper we make a methodological analysis of the Error Components Frontier (ECF) panel data model performance based on Stochastic Frontier Analysis (SFA) method for cost efficiency benchmarking in the presence of small panels and outliers. By means of a set of simulations and a subsequent application to the Argentine banking sector during the period 2005-2014, we prove that under these conditions an SFA model may not be adequate for benchmarking. These results are relevant for the empirical literature since small panels with the presence of outliers represent classical scenarios in developing economies industries.
Reception date: December 3, 2019.Acceptance date: June 28, 2021. |
| format | Online |
| id | oai:ojs.revistas.unc.edu.ar:article-36335 |
| institution | Universidad Nacional de Cordoba |
| language | spa |
| publishDate | 2021 |
| publisher | Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. |
| record_format | ojs |
| spelling | oai:ojs.revistas.unc.edu.ar:article-363352024-08-19T06:17:12Z Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. Consideraciones metodológicas acerca del Análisis Estocástico de Frontera en modelos de datos de panel: evidencias del modelo ECF orientado a costos en el Sector Bancario Argentino Girela, Ignacio G. Vargas, José M. panel data SFA banking entities benchmarking simulations Semiparametric and Nonparametric Methods: General Panel Data Models Cost Banks Economics of Regulation datos de panel SFA eficiencia orientada a costos entidades bancarias benchmarking simulaciones Métodos Semiparamétricos y No Paramétricos Modelos de Datos de Panel Costo Bancos Economía de la Regulación In this paper we make a methodological analysis of the Error Components Frontier (ECF) panel data model performance based on Stochastic Frontier Analysis (SFA) method for cost efficiency benchmarking in the presence of small panels and outliers. By means of a set of simulations and a subsequent application to the Argentine banking sector during the period 2005-2014, we prove that under these conditions an SFA model may not be adequate for benchmarking. These results are relevant for the empirical literature since small panels with the presence of outliers represent classical scenarios in developing economies industries. Reception date: December 3, 2019.Acceptance date: June 28, 2021. En este artículo analizamos metodológicamente el desempeño del modelo de datos de panel Error Components Frontier (ECF) basado en el método de Análisis de Frontera Estocástica (SFA) para estudios de eficiencia relativa orientado a costos ante la disponibilidad de paneles pequeños y con presencia de valores atípicos. Mediante una serie de simulaciones y una posterior aplicación al sector bancario argentino para el período 2005-2014, mostramos que bajo estas condiciones un modelo SFA puede no ser adecuado para hacer un análisis de eficiencia relativa. Estos resultados son relevantes para la literatura empírica ya que los paneles pequeños con presencia de valores atípicos representan escenarios típicos de los sectores económicos de economías en desarrollo. Fecha de recepción: 3 de Diciembre de 2019. Fecha de aceptación: 28 de Junio de 2021. Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2021-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html https://revistas.unc.edu.ar/index.php/REyE/article/view/36335 10.55444/2451.7321.2021.v59.n1.36335 Revista de Economía y Estadística; Vol. 59 No. 1 (2021); 37-60 Revista de Economía y Estadística; Vol. 59 Núm. 1 (2021); 37-60 2451-7321 0034-8066 10.55444/2451.7321.2021.v59.n1 spa https://revistas.unc.edu.ar/index.php/REyE/article/view/36335/36668 https://revistas.unc.edu.ar/index.php/REyE/article/view/36335/46348 http://creativecommons.org/licenses/by-nc-nd/4.0 |
| spellingShingle | panel data SFA banking entities benchmarking simulations Semiparametric and Nonparametric Methods: General Panel Data Models Cost Banks Economics of Regulation datos de panel SFA eficiencia orientada a costos entidades bancarias benchmarking simulaciones Métodos Semiparamétricos y No Paramétricos Modelos de Datos de Panel Costo Bancos Economía de la Regulación Girela, Ignacio G. Vargas, José M. Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. |
| title | Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. |
| title_alt | Consideraciones metodológicas acerca del Análisis Estocástico de Frontera en modelos de datos de panel: evidencias del modelo ECF orientado a costos en el Sector Bancario Argentino |
| title_full | Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. |
| title_fullStr | Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. |
| title_full_unstemmed | Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. |
| title_short | Methodological considerations upon Stochastic Frontier Analysis for panel data models: evidence from cost-efficiency ECF model in the Argentine Banking Sector. |
| title_sort | methodological considerations upon stochastic frontier analysis for panel data models evidence from cost efficiency ecf model in the argentine banking sector |
| topic | panel data SFA banking entities benchmarking simulations Semiparametric and Nonparametric Methods: General Panel Data Models Cost Banks Economics of Regulation datos de panel SFA eficiencia orientada a costos entidades bancarias benchmarking simulaciones Métodos Semiparamétricos y No Paramétricos Modelos de Datos de Panel Costo Bancos Economía de la Regulación |
| topic_facet | panel data SFA banking entities benchmarking simulations Semiparametric and Nonparametric Methods: General Panel Data Models Cost Banks Economics of Regulation datos de panel SFA eficiencia orientada a costos entidades bancarias benchmarking simulaciones Métodos Semiparamétricos y No Paramétricos Modelos de Datos de Panel Costo Bancos Economía de la Regulación |
| url | https://revistas.unc.edu.ar/index.php/REyE/article/view/36335 |
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