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Stochastic Frontier Estimation and Sources of Technical Efficiency in Southern Timber Harvesting

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Abstract:

This research provides estimates of average industry and firm-specific technical efficiency using an econometric stochastic frontier production function for individual firms operating in the southern U.S. pulpwood harvesting industry in both 1979 and 1987. The stochastic frontier production function is capable of distinguishing deviations from the frontier due to uncontrollable stochastic elements, as well as provide a pure measure of technical efficiency. Results indicate that mean industry technical efficiency was nearly constant at 60% in both periods while frontier technical change averaged 1.8% annually over the period. Elements of human capital, technology, and production scale were influential in explaining efficiency differentials among firms. However, the relative influence of these factors changed over time. For. Sci. 41(3):576-593.

Keywords: Frontier production function; harvesting; technical change

Document Type: Journal Article

Affiliations: Chairman, Department of Forestry, North Carolina State University, Raleigh, NC 27709

Publication date: 1995-08-01

More about this publication?
  • Forest Science is a peer-reviewed journal publishing fundamental and applied research that explores all aspects of natural and social sciences as they apply to the function and management of the forested ecosystems of the world. Topics include silviculture, forest management, biometrics, economics, entomology & pathology, fire & fuels management, forest ecology, genetics & tree improvement, geospatial technologies, harvesting & utilization, landscape ecology, operations research, forest policy, physiology, recreation, social sciences, soils & hydrology, and wildlife management.
    Forest Science is published bimonthly in February, April, June, August, October, and December.

    2015 Impact Factor: 1.702
    Ranking: 16 of 66 in forestry

    Average time from submission to first decision: 62.5 days*
    June 1, 2016 to Feb. 28, 2017

    Also published by SAF:
    Journal of Forestry
    Other SAF Publications
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