Technical Efficiency in the Production of Economic Knowledge.
The article focuses on the technical efficiency in producing economic knowledge. During the decade of the 1970s, economists began to direct their theoretical models and quantitative skills toward an analysis of economic education. A production in economic theory is defined as the maximum amount of o...
| Publicado en: | Journal of Economic Education Vol. 13; no. 2; pp. 3 - 14 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Summer82
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=5436249&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 5436249 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220485 JMD jtl: Journal of Economic Education issn: 00220485 maglogo: N pubinfo: dt: Summer82 vid: 13 iid: 2 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 5436249 10.2307/1182615 ppf: 3 ppct: 11 formats: tig: atl: Technical Efficiency in the Production of Economic Knowledge. aug: au: Miller, Jimmie C. affil: Professor of economics, Illinois Central College su: Industrial efficiency Economics Economists Mathematical programming Mathematical inequalities Linear programming sug: subj: Industrial efficiency Economics Economists Mathematical programming Mathematical inequalities Linear programming ab: The article focuses on the technical efficiency in producing economic knowledge. During the decade of the 1970s, economists began to direct their theoretical models and quantitative skills toward an analysis of economic education. A production in economic theory is defined as the maximum amount of output that can be produced from a given stock of inputs. Hence, firms cannot produce beyond the surface. They are constrained to being either on or below the surface, with points below the surface representing technically inefficient operations. Thus, a production frontier should be estimated, and since the error terms are constrained to being equal to or greater than zero, a mathematical programming technique is an appropriate device for estimating the coefficients. Since no assumptions concerning the statistical properties of the coefficients or the error terms are made, no statistical inferences can be drawn. Since the firm must be either on or below the frontier, the estimated output must be equal to or less than the actual output. The problem then is to minimize the sum of the errors rather than the sum of the squared errors as in regression analysis. Due to the inequalities of the constraints a linear programming technique is an appropriate technique for estimating the coefficients of the coefficients vector which minimize the sum of errors pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1982 holdings: @attributes: islocal: N |
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