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). 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
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
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
This paper models the firm's production process as a system of simultaneous technologies for desirable and undesirable outputs. Desirable outputs are produced by transforming inputs via the conventional transformation function, whereas (consistent with the material balance condition) undesirable...
Persistent link: https://www.econbiz.de/10015247877
is scarce, and so is empirical work trying to estimate specific theoretical models. Some economic theory founded tests …
Persistent link: https://www.econbiz.de/10015231134
According to theoretical models of valuing risky corporate securities, risk of default is primary component in overall yield spread. However, sizable empirical literature considers it otherwise by giving more importance to non-default risk factors. Current study empirically attempts to provide...
Persistent link: https://www.econbiz.de/10015236101
The paper proposes a method for simultaneously estimating the treatment effects of a change in a policy variable on a numerable set of interrelated outcome variables (different moments from the same probability density function). Firstly, it defines a non-Gaussian probability density function as...
Persistent link: https://www.econbiz.de/10015268431
cover such diverse topics as financing strategies, M&As, strategic alliances, crisis management, and venture capital (VC … experienced management team. Among the main benefits are an enhanced visibility for investors, an extension of the venture …. Problems that may occur during post-merger integration include the incompatibility of the partners? technologies and the …
Persistent link: https://www.econbiz.de/10009481003
, which includes the pre-merger years and the post-merger years. This study attempts to evaluate technical efficiency … latter accounted for 0.2% decline; (3) the merger process led to productivity improvements whereby, it is observed that the … productivity of Malaysia’s banking sector has been improved (in terms of efficiency) after the implementation of merger program for …
Persistent link: https://www.econbiz.de/10015215244