ABSTRACT
To study the determinants of TE, firm-and year-specific TE is required in the first place. To calculate these, the study follows Battese and Coelli’s (1992) specification of SFPF model meant for unbalanced panel data with firm effect. For empirical estimation, log Cobb-Douglas production function is selected for its simplicity.7
Accordingly, the model is symbolically presented as follows:
