Search Results - subject:"dynamic efficiency"

Effects of Acquisitions on Product and Process Innovation and R&D Performance

Cefis, Elena; Rosenkranz, Stephanie; Weitzel, Utz - C.E.P.R. Discussion Papers - 2005

empirically test hypotheses on the optimal R&D portfolio, investment, performance, and dynamic efficiency of R&D for acquisitions … much in aggregate R&D as independent firms. The empirical results do not support our hypothesis on dynamic efficiency since …

Persistent link: https://www.econbiz.de/10005123533

On the Dynamic Efficiency of the Market System

Funk, Peter - University of Bonn, Germany - 1993

widespread notion of `dynamic efficiency'. The concept merely excludes persistent inefficiencies. We finally give conditions that … guarantee long-run efficiency of laissez-faire development. This formalizes a popular claim about the dynamic efficiency of the …

Persistent link: https://www.econbiz.de/10004968165

Assessing Aggregate Tests of Efficiency for Dynamic Economies

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - In: Contributions in Macroeconomics 4 (2004) 1

Abstract In a seminal contribution Abel, Mankiw, Summers, and Zeckhauser (1989) show that from an aggregate dynamic perspective the US economy is Pareto efficient. We argue that, when applying their test, they implicitly make strong assumptions about the economy's future behavior. We show how...

Persistent link: https://www.econbiz.de/10014588381

Assessing Aggregate Tests of Efficiency for Dynamic Economies

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - In: Topics in Macroeconomics 4 (2004) 1, pp. 1207-1207

In a seminal contribution Abel, Mankiw, Summers, and Zeckhauser (1989) show that from an aggregate dynamic perspective the US economy is Pareto efficient. We argue that, when applying their test, they implicitly make strong assumptions about the economy's future behavior. We show how time series...

Persistent link: https://www.econbiz.de/10005046455

The quality of bond markets the dynamic efficiency issue

Oxelheim, Lars; Rafferty, Michael - Institutet för Ekonomisk Forskning, Ekonomihögskolan - 2004

addresses dynamic efficiency, the ability of a particular national market to respond to demand for financial innovations … developed elsewhere with a short as possible lag. A measure of dynamic efficiency is proposed that contains two dimensions. One … dynamic efficiency is a relevant indicator of a high quality secondary bond market. Hence, the measure should be of particular …

Persistent link: https://www.econbiz.de/10005802177

Dynamic Efficiency with Learning by Doing

Sengupta, Jati - In: International Review of Applied Economics 18 (2004) 3, pp. 381-395

This article focuses on the measurement of economic efficiency of firms in an industry in a dynamic framework, where R&D investments and learning experience play critical roles. Dynamic aspects of cost and production efficiency and the impact of capital through learning by doing are developed...

Persistent link: https://www.econbiz.de/10005445797

Efficiency of French privatizations: a dynamic vision

Gérard, Charreaux; Alexandre, Hervé - Université Paris-Dauphine (Paris IX) - 2004

overall static and dynamic efficiency of the firm traditionally attributed to privatizations. In addition, we find that …

Persistent link: https://www.econbiz.de/10010708641

Efficient Economic Growth: Chapter 1. Introduction

Homburg, Stefan - 1992

The book studies growth paths in an overlapping generations model with land and exhaustible resources as factors of production. It is shown that land rules out inefficient growth paths.

Persistent link: https://www.econbiz.de/10010332578

Efficient economic growth

Homburg, Stefan - 1992

Persistent link: https://www.econbiz.de/10010371128

Measurement of Dynamic Efficiency in Production: An Application of Data Envelopment Analysis to Japanese Electric Utilities

Nemoto, Jiro; Goto, Mika - In: Journal of Productivity Analysis 19 (2003) 2, pp. 191-210

The purpose of this paper is to measure productive efficiencies when a firm employs quasi-fixed inputs that cannot be instantaneously adjusted to their optimal levels. To this end, data envelopment analysis (DEA) is extended to a dynamic framework so that investment behavior can be modelled with...

Persistent link: https://www.econbiz.de/10010866094