This paper evaluates the performance of three bootstrap algorithms for the data envelopment analysis (DEA) estimator using a Monte Carlo simulation study. The Löthgren and Tambour (1997) (LT) algorithm; the Simar and Wilson (1997b) (SW) algorithm; and a combination of the LT and SW algorithms...

Two weak restrictions on equilibrium market structures are that firms who decide to enter make sufficient profits to cover entry costs and fixed costs of production, and that no new firm could profitably enter. I examine these restrictions by the size distribution of firms in the same industry,...

The private manufacturing sector has been called upon to play a key role in the transformation and development of the Vietnamese economy since the launching of market oriented reforms a decade ago. Drawing on a comprehensive survey in 1991 of some 1,000 non-state manufacturing enterprises in...

This paper studies performance of both point and interval predictors of technical inefficiency in the stochastic production frontier model using a Monte Carlo experiment. In point prediction we use the Jondrow et al. (1980) point predictor of technical inefficiency, while for interval prediction...

This paper contains an empirical investigation of the effects of fiscal policy on the yield curve based on a conventional stochastic macro model designed for a small open economy. The empirical investigation undertaken utilizes data for Sweden, a country which has experienced very large...

This study analyses how regional policy, which was introduced around 1970, has affected regional growth of real per capita incomes in Sweden in the post-war period. The study shows: (a) that real per capita incomes in Swedish counties have converged since 1945, (b) support counties have not...

This paper presents a dynamic adjustment model of employment. The model is applied to a panel of ten Zimbabwean manufacturing industries observed over the period 1970-1993. The adjustment process is industry and time specific. The adjustment parameter is specified in terms of factors affecting...

Governments all over the world grant different types of subsidies to firms which are said to have a lack-of-capital problem. However, it is unclear if governments have the information and motivation to target firms which have problems to finance profitable project via the private capital...

The paper compares the search for structural breaks in Sweden's GDP conducted with X-11 seasonally adjusted data, with seasonally unadjusted data, and with temporally aggregated data. A structural break (in 1980) is found only in the X-11 adjusted data, it is plausible to conclude that this...

To evaluate loan applicants, banks use a large variety of systems. The objective of such credit scoring models typically is to minimize default rates or the number of incorrectly classified loans. Thereby they fail to take into account that loans are multiperiod contracts. From a utility...