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while there was an increase in the productivity of factor inputs during the 1990s, most of the growth in value added is … explained by growth in the use of factor inputs. We also find that median technical efficiency declined in all but one of the … outcome of more efficient use of resources or greater use of factor inputs, especially capital, remains an open empirical …
Persistent link: https://www.econbiz.de/10010268573
We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective …-being efficiency can be improved by changing the amount (scale) or composition of inputs and their use (technical efficiency). For … well-being (Cantril ladder). We use the six inputs (real GDP per capita, healthy life expectancy, social support, freedom …
Persistent link: https://www.econbiz.de/10013470432
At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because … of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production … heterogeneity in productivity and factor prices symmetrically. The strength of the proposed estimator is illustrated by Monte Carlo …
Persistent link: https://www.econbiz.de/10010268849
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in … privatization, competition and foreign investment. We also test hypotheses positing that only firms near the efficiency frontier … find that privatization to domestic owners did not markedly improve the efficiency of firms; domestic firms are not …
Persistent link: https://www.econbiz.de/10010271756
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10010269463
bargaining agreements works councils are more likely to be engaged in productivity enhancing activities and less engaged in rent … empirical analysis confirms this hypothesis. The presence of works councils exerts a positive impact on productivity within the …
Persistent link: https://www.econbiz.de/10010262527
In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the … examples. We find that the reliability of efficiency scores critically hinges upon the ratio of the variation in efficiency to …
Persistent link: https://www.econbiz.de/10010280699
, and its robust version based on bootstrap theory, to get reliable estimates of technical efficiency at the firm level in a … agreements and technical efficiency, using a large sample of Italian manufacturing firms. We apply the Data Envelopment Analysis … frontiers, as well as to the presence of outliers. The obtained efficiency scores are analyzed in a second stage applying a …
Persistent link: https://www.econbiz.de/10011584607
, measured by labour productivity. To this end, the stochastic frontier technique is applied, basing the analysis on a unique … as pivotal input in order to control for their particular contribution to firm-level efficiency. Conceptually, the study … from the efficient boundary of the production possibility set, i.e. the production frontier. From a policy perspective, the …
Persistent link: https://www.econbiz.de/10010269441
on students learning efficiency. The results indicate that the main effects of the re-organization on the learning … efficiency was a decreasing importance of students? attendance and of continuous preparation of the material. …
Persistent link: https://www.econbiz.de/10010262264