European Review of Agricultural Economics · 2006 · 75 citations · 23 references
AgricultureAgricultural EconomicsCrop ProductionFarm ManagementProduction EconomicsAgricultural Production EconomicsAgricultural Production SystemsFarm ProductivityProduction FunctionsRisk In ProductionUncertainty In ProductionAgricultural Production RiskEstimation Of Production FunctionsFrontier Production AnalysisPanel Data EstimationProduction Risk AnalysisProduction Risk ModellingProduction VariabilityRisk In Farm Production
This study investigates production risk and technical inefficiency as two possible sources of the production variability that characterised Russian agriculture during the last decade. The empirical analysis is conducted using panel data from 1996 to 2001 on 443 large agricultural enterprises from three regions in central, southern and Volga Russia. A production function specification accounting for the effect of inputs on both risk and technical inefficiency is found to describe production technologies of Russian farms more appropriately than the traditional stochastic frontier formulation.
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