General Concepts and Computation Methods of Efficiency

16 Pages Posted: 3 Nov 2010

See all articles by Siddik Rabiyath

Siddik Rabiyath

Department of Economics, University of Kerala; CESP, Jawaharlal Nehru University

Date Written: September 29, 2010

Abstract

This general note critically evaluates on the concept of efficiency deals, firstly, on the theoretical concepts which uses as the dictum to understand and asses the economic efficiency namely Pareto, and Kaldo-Hicks efficiency and its revised forms; secondly, what are the types of measurement of efficiency in economics; and finally, the methodologies which used to calculate those efficiency measures.

Keywords: Efficiency, Pareto Efficiency, Kaldor Hicks Efficincy, Legal Efficiency, Price Efficiency, Technical Efficiency, Disposal Rate, Scale Efficiency, Total Factor Productivity, Data Envelopment Analysis, Frontier Production Fuction, Malmquist Index

JEL Classification: C18, D24, D61, D14, H 21

Suggested Citation

Rabiyath, Siddik, General Concepts and Computation Methods of Efficiency (September 29, 2010). Available at SSRN: https://ssrn.com/abstract=1701003 or http://dx.doi.org/10.2139/ssrn.1701003

Siddik Rabiyath (Contact Author)

Department of Economics, University of Kerala ( email )

Kariavattom
Trivandrum, KS Kerala 695581
India

HOME PAGE: http://www.keralauniversity.ac.in/economics/faculty_details.html?id=227

CESP, Jawaharlal Nehru University ( email )

New Delhi
India

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