We estimate production functions for cognition and health for children aged 1-12 in India, based on the Young Lives Survey. India has over 70 million children aged 0-5 who are at risk of developmental deficits. The inputs into the production functions include parental background, prior child...

In order to keep pace with the ever-changing global community, numerous manufacturing companies have switched to the Just-In-Time (JIT) production model, and many others are considering this approach as well. The competition in global markets pressure domestic and Multi National Corporations...

This paper proposes an alternative estimation procedure for estimating the unobserved effects panel stochastic frontier models with endogenous regressors. Specifically, two-stage estimation method is used, where in the first stage, the frontier parameters are estimated based on GMM procedure,...

We identify the attributes and limitations of spatial autoregressive stochastic frontier models, spatial inefficiency error stochastic frontier models, and straightforward integrated models. We also propose a separable spatial autoregressive combination stochastic frontier model that overcomes...

We analyze the profit efficiency of the Colombian banking industry during the period 2001 - 2013. Unlike previous studies, we estimate revenue and cost efficiency separately and then compute profit efficiency as a composite measure of both cost and revenue efficiency. This approach overcomes the...

Duality in microeconomic theory takes an important role in the theoretical work and in empirical research. The dual description of convex set implies the unique structure of microeconomic phenomena in the consumer and producer theory. In this article the unique structure of microeconomic...

This paper considers how input market liberalization affects host country productivity spillovers from multinational corporation (MNC) investments. The standard “Backward Linkage” measure used to estimate technology and learning spillovers to local upstream suppliers — pioneered by...

The role of capital accumulation as a driver of the labor income share requires capital and labor to be substitutes, which appears paradoxical in a world predominantly characterized by complementarity between capital and labor. This paper argues that the composition of skills in the labor force...

This paper reviews the status quo of the empirical and theoretical literature on the determinants of the elasticity of substitution between capital and labor. Our focus is on the two-input constant elasticity of substitution (CES) production function. By example of the U.S., we highlight the...