Table 2. Cost frontier and error components estimates.
Variable | M-Ia | M-IIb | Variable | M-Ia | M-IIb | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Coefficient | S.E. | Coefficient | S.E. | Coefficient | S.E. | Coefficient | S.E. | ||||||
Constant | 14.318 | *** | 0.052 | 14.428 | *** | 0.129 | lwph2 | 0.132 | *** | 0.031 | 0.084 | *** | 0.024 |
Li | 0.230 | *** | 0.053 | 0.191 | *** | 0.053 | lwcali | 0.070 | 0.044 | 0.031 | 0.041 | ||
Lo | 0.208 | *** | 0.023 | 0.126 | *** | 0.025 | lwcalo | -0.028 | 0.027 | -0.009 | 0.024 | ||
Le | 0.304 | *** | 0.039 | 0.307 | *** | 0.044 | lwcale | -0.062 | * | 0.037 | -0.028 | 0.036 | |
Lwca | 0.038 | *** | 0.011 | 0.035 | *** | 0.010 | lwlali | -0.087 | 0.088 | -0.052 | 0.071 | ||
Lwla | 0.373 | *** | 0.021 | 0.438 | *** | 0.018 | lwlalo | 0.083 | 0.073 | 0.039 | 0.057 | ||
Lwph | 0.189 | *** | 0.014 | 0.143 | *** | 0.012 | lwlale | -0.009 | 0.081 | 0.006 | 0.064 | ||
li2 | -0.478 | ** | 0.216 | -0.214 | 0.194 | lwphli | 0.233 | *** | 0.070 | 0.215 | *** | 0.058 | |
Lilo | -0.033 | 0.098 | -0.062 | 0.104 | lwphlo | -0.011 | 0.051 | 0.002 | 0.042 | ||||
Lile | 0.441 | *** | 0.151 | 0.314 | ** | 0.150 | lwphle | -0.223 | *** | 0.057 | -0.236 | *** | 0.046 |
lo2 | 0.326 | ** | 0.104 | 0.149 | * | 0.088 | lt | -0.016 | 0.015 | -0.009 | 0.010 | ||
Lole | -0.042 | 0.088 | -0.104 | 0.091 | lt2 | -0.017 | 0.015 | -0.040 | *** | 0.013 | |||
le2 | -0.382 | ** | 0.188 | -0.297 | 0.192 | ltli | -0.094 | *** | 0.029 | -0.045 | ** | 0.023 | |
ltcac2 | 0.010 | 0.016 | 0.000 | 0.014 | ltlo | 0.031 | 0.022 | 0.022 | 0.018 | ||||
Lwcalwla | 0.071 | *** | 0.026 | 0.067 | *** | 0.022 | ltle | 0.032 | 0.027 | 0.011 | 0.023 | ||
Lwcalwph | -0.030 | 0.019 | -0.034 | ** | 0.017 | ltlwca | 0.014 | 0.009 | 0.015 | ** | 0.007 | ||
lwla2 | -0.218 | ** | 0.090 | -0.199 | *** | 0.069 | ltlwla | 0.051 | ** | 0.024 | 0.044 | ** | 0.020 |
Lwlalwph | -0.080 | * | 0.045 | -0.045 | 0.035 | ltlwph | -0.002 | 0.014 | 0.013 | 0.012 |
aM-I = Model omitting heterogeneity factors
bM-II = Model accounting for heterogeneity factors
*significant at 10%
** significant at 5%
*** significant at 1%