The literature on production functions often neglects the implications of risk
Research gap analysis derived from 3 mathematics papers in our local library.
The gap
The literature on production functions often neglects the implications of risk. Popular production function specifications are inadequate for capturing risk effects.
Evidence profile
Sourced from the stated research gap of the source papers, classified as general, drawn from work published between 1977 and 1979, all from Journal of Econometrics. Those papers have been cited 7,293 times in total.
Research trend
Established — well-defined area with open sub-problems.
Supporting evidence — 3 representative gaps
- Estimating technical and allocative inefficiency relative to stochastic production and cost frontiers (1979) · Journal of Econometrics · cited 305× · doi
The paper identifies a gap in the formulation and estimation of production frontiers. The paper identifies a need to model technical and allocative inefficiency in production processes.
generalstated research gapevidence 5/5Keywords: paper identifies gap formulation estimation production frontiers need - Stochastic specification of production functions and economic implications (1978) · Journal of Econometrics · cited 423× · doi
The literature on production functions often neglects the implications of risk. Popular production function specifications are inadequate for capturing risk effects.
generalstated research gapevidence 5/5Keywords: literature production functions often neglects implications risk popular - Formulation and estimation of stochastic frontier production function models (1977) · Journal of Econometrics · cited 6,565× · doi
The gap between the theoretical definition of a production function and empirical work has not been fully addressed. Previous efforts to estimate frontier production functions have not been completely successful.
generalstated research gapevidence 5/5Keywords: gap between theoretical definition production function empirical work
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