This paper develops a framework for measuring and decomposing TFP changes, within the parametric approach, by using directly the estimated parameters of a profit function. Two alternative relationships are derived for measuring and decomposing TFP changes via a profit function based on two...

The Karhunen–Loève expansion is applied to scalar signals and the effect of window length (tw), time lag (τ) and embedding dimension (d) is analysed for periodic signals and for signals modeled by the Lorenz equations. For τ≠k/2fi (fi are characteristic frequencies of the signal, k is...

The layout problem arises in a production plant during the study of a new production system, but also during a possible restructuring. The main aim of layout design is to reduce transportation and maintenance, which simplifies management, shortens lead time, improves product quality and speeds...

Analyses of the Income and Consumption Surveys 1988 and 1993 using the "old" OECD equivalence scale have shown that inequality of the personal distribution of net equivalent income has increased in West Germany and is still lower in East Germany. Decomposing aggregate inequality by income...

This paper proposes a novel derivation of the Hodrick-Prescott (HP) minimization problem which leads to a generalization of the Hodrick-Prescott filter. The main result is the development of a new filter to extract a localized maximum-likelihood estimate of the cycle from a series. This new...