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the traditional (desirable-output-oriented) technical productivity and the undesirable-output-oriented environmental, or … so-called "green", productivity. To measure the latter, we derive a Solow-type Divisia environmental productivity index … which, unlike conventional productivity indices, allows crediting the ceteris paribus reduction in undesirable outputs. Our …
Persistent link: https://www.econbiz.de/10015247877
We develop a novel unified econometric methodology for the formal examination of the market power -- cost efficiency nexus. Our approach can meaningfully accommodate a mutually dependent relationship between the firm's cost efficiency and marker power (as measured by the Lerner index) by...
Persistent link: https://www.econbiz.de/10015259937
). Traditional theory asserts that the BD leads to CAD, given that government expenditures are fixed. As disposable income increases …
Persistent link: https://www.econbiz.de/10015257198
consistency with the assumptions of the underlying neoclassical economic theory, as well as econometric regularity, when variables …
Persistent link: https://www.econbiz.de/10015258988
In all areas of human knowledge, datasets are increasing in both size and complexity, creating the need for richer statistical models. This trend is also true for economic data, where high-dimensional and nonlinear/noparametric inference is the norm in several fields of applied econometric work....
Persistent link: https://www.econbiz.de/10015265696
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10015238380
This paper gives an outline of evolution of the concept and econometrics of production function, which was one of the central apparatus of neo-classical economics. It shows how the famous Cobb-Douglas production function was indeed invented by von Thunen and Wicksell, how the CES production...
Persistent link: https://www.econbiz.de/10015240296
-management, group membership, innovations and human capital) influence heterogeneity in productivity with the expect sign, but do not …, on the whole, absorb much of firm-TFP variance, implying that differences in productivity are due to sizable yet … more influential than region-effect in explaining individual productivity. Net of the country-effect, the localisation in …
Persistent link: https://www.econbiz.de/10015242709
out using asymptotic theory as well as bootstrap methods. In particular, the ability of the double bootstrap to provide …
Persistent link: https://www.econbiz.de/10015247428
-management, group membership, innovations and human capital) influence heterogeneity in productivity with the expect sign, but do not …, on the whole, absorb much of firm-TFP variance, implying that differences in productivity are due to sizable yet … more influential than region-effect in explaining individual productivity. Net of the country-effect, the localisation in …
Persistent link: https://www.econbiz.de/10015246880