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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Efficiency estimation using probabilistic regression trees with an application to Chilean manufacturing industries
AU - Tsionas, Mike
PY - 2022/7/31
Y1 - 2022/7/31
N2 - We propose smooth monotone concave probabilistic regression trees for the estimation of efficiency and productivity. In particular we modify these techniques to allow for the use of panel data which are often encountered in practice. Probabilistic regression trees provide smooth approximations and at the same time they exploit the versatility of standard regression trees in generating efficiently partitions of the space of the regressors to approximate the unknown frontier. We showcase the new techniques in a large sample of Chilean manufacturing firms.
AB - We propose smooth monotone concave probabilistic regression trees for the estimation of efficiency and productivity. In particular we modify these techniques to allow for the use of panel data which are often encountered in practice. Probabilistic regression trees provide smooth approximations and at the same time they exploit the versatility of standard regression trees in generating efficiently partitions of the space of the regressors to approximate the unknown frontier. We showcase the new techniques in a large sample of Chilean manufacturing firms.
KW - Industrial and Manufacturing Engineering
KW - Management Science and Operations Research
KW - Economics and Econometrics
KW - General Business, Management and Accounting
U2 - 10.1016/j.ijpe.2022.108492
DO - 10.1016/j.ijpe.2022.108492
M3 - Journal article
VL - 249
JO - International Journal of Production Economics
JF - International Journal of Production Economics
SN - 0925-5273
M1 - 108492
ER -