Estimation of Stochastic Frontier Models with Fixed Effects through Monte Carlo Maximum Likelihood

Table 2

Results for the EU-KLEMS model.

	Linear fixed effects	MC maximum likelihood	Simple random effects	Correlated random effects
𝛽𝐾	0.3262	0.2687	0.3478	0.1833
𝛽𝐿	0.7265	0.7323	0.6134	0.7388
𝛽𝑡	0.0202	0.0211	0.0173	0.0224
𝜎𝑣	—	0.0755	0.0796	0.0705
𝜆	—	0.2057	0.2033	0.2087