Stochastic Energy Performance Evaluation Using a Bayesian Approach

Table 2

Bayesian estimated parameters of the stochastic production frontier.

Nodes	Mean	Sd	MC error	2.5%	Median	97.5%	Start	Sample
Constant	8.40900	1.397000	0.04763	5.75000	8.38000	11.24000	15000	32001
GDP	0.00076	0.000100	1.10E − 07	0.00051	0.00063	0.00073	15000	32001
RPE	−0.00231	0.000200	4.25E − 04	−0.02690	−0.00245	−0.00087	15000	32001
ASC	0.00003	0.000003	9.91E − 10	0.00002	0.00003	0.00005	15000	32001
SVAIS	0.00340	0.002630	2.65E − 04	−0.01274	0.00334	0.01725	15000	32001
SVASS	0.00160	0.001300	1.23E − 04	−0.00699	0.00170	0.00760	15000	32001
TIME	0.00770	0.000710	2.19E − 06	0.00699	0.00740	0.00960	15000	32001
Lambda	1.37250	0.012300	0.0000023	0.98100	1.24100	1.48100	15000	32001

“”Statistically significant parameters.