Description
Copula-Based Stochastic Frontier Models.
Description
Provides estimation procedures for copula-based stochastic frontier models for cross-sectional data. The package implements maximum likelihood estimation of stochastic frontier models allowing flexible dependence structures between inefficiency and noise terms through various copula families (e.g., Gaussian and Student-t). It enables estimation of technical efficiency scores, log-likelihood values, and information criteria (AIC and BIC). The implemented framework builds upon stochastic frontier analysis introduced by Aigner, Lovell and Schmidt (1977) <doi:10.1016/0304-4076(77)90052-5> and the copula theory described in Joe (2014, ISBN:9781466583221). Empirical applications of copula-based stochastic frontier models can be found in Wiboonpongse et al. (2015) <doi:10.1016/j.ijar.2015.06.001> and Maneejuk et al. (2017, ISBN:9783319562176).
README.md
copulaSFM
#To install this package, you have to install devtools package
library(devtools)
install_github("woraphonyamaka/copulaSFM", force=TRUE)
library(copulaSFM)