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Business cycles with cyclical returns to scale

Hyun, Jay; Kim, Ryan; Lee, Byoungchan - 2022

We study business cycles with cyclical returns to scale. Contrary to tightly parameterized production functions (Cobb-Douglas and Constant Elasticity of Substitution), we empirically identify strong input complementarity that leads to procyclical returns to scale. We therefore propose a flexible...

Persistent link: https://www.econbiz.de/10013472333

Do competition and ownership matter? Evidence from local public transport in Europe

Boitani, Andrea; Nicolini, Marcella; Scarpa, Carlo - 2010

This paper investigates how the ownership and the procedure for the selection of firms operating in the local public transport sector affect their productivity. In order to compare different institutional regimes, we carry out a comparative analysis of 72 companies operating in large European...

Persistent link: https://www.econbiz.de/10010272456

Optimal equity capital requirements for large Swiss banks

Junge, Georg; Kugler, Peter - In: Swiss Journal of Economics and Statistics 154 (2018) 1, pp. 1-21

Ten years after the worst financial crisis of the post-war period, Switzerland has established a Too-Big-To-Fail (TBTF) framework. Under this framework, the two large Swiss banks are subject to substantial capital requirements. It is not obvious whether the TBTF capital requirements are...

Persistent link: https://www.econbiz.de/10013205746

Optimal equity capital requirements for Swiss G-SIBs

Junge, Georg; Kugler, Peter - 2017

This paper extends the analysis of Junge and Kugler (2013) on the effects of increased capital requirements on Swiss GDP and obtains the following main results: First the Modigliani-Miller effect is robust with respect to a substantial extension of the data base and yields an offset of capital...

Persistent link: https://www.econbiz.de/10011933043

Avaliando a qualidade dos serviços de distribuição de energia elétrica no Brasil

De Mendonça, Mário Jorge Cardoso; Pereira Júnior, … - 2022

Among the aspects related to the quality of electric power supply, continuity stands out, evaluated based on the DEC and FEC indicators that express, respectively, the duration and frequency of supply interruptions. Regarding the continuity of supply, this study aims to present an alternative...

Persistent link: https://www.econbiz.de/10013400239

Native-born-immigrant wage gap revisited: The role of market imperfections in Canada

Aydede, Yigit; Dar, Atul A. - 2022

Most studies investigating the poor earnings performance of immigrants implicitly assume that human capital endowments determine actual earnings, and that immigrant-nativeborn wage gaps can be analyzed in terms of those earnings. In this study we claim that this assumption is not validated by...

Persistent link: https://www.econbiz.de/10013482888

Mobilidade produtiva e crescimento da produtividade no agronegócio brasileiro

Meiners, Pedro; Vieira Filho, José Eustáquio Ribeiro - 2023

To better comprehend the growth trajectory of Brazilian agriculture, it is necessary to understand the productivity movement of different classes of producers within the country, that is, to verify whether poorer producers are converging in productivity with larger ones. Stochastic frontier...

Persistent link: https://www.econbiz.de/10014486115

Impact Evaluation of Alternative Irrigation Technology in Crete: Correcting for Selectivity Bias

Vrachioli, Maria; Stefanou, Spiro E.; Tzouvelekas, Vangelis - In: Environmental and Resource Economics 79 (2021) 3, pp. 551-574

-2013. The results reveal that the average technical efficiency for farmers who adopted sprinkler irrigation is lower than the … impact of these projects. This study evaluates the impact from transitioning to a modern irrigation technology. Deciding to … adopt or not an alternative irrigation technology (sprinklers) is not necessarily a random determination. Therefore …

Persistent link: https://www.econbiz.de/10014501668

Are EU Candidate Countries Ready for the Single Market? Comparing Performance with an EU Benchmark

De Loecker, Jan - 2002

The process of the East-West integration has come to a point that enlargement appears inevitable. But are these countries really ready to join the EU in tfirms of competitive perfirmance? Firstly, we construct a virtual best practice production frontier for firms active in a European Union...

Persistent link: https://www.econbiz.de/10010313326

Farm-heterogeneity and persistent and transient productive efficiencies in Ethiopia's smallholder cereal farming

Berisso, Oumer; Heshmati, Almas - In: IZA Journal of Development and Migration 11 (2020) 1, pp. 1-23

This paper does an empirical comparison of time-invariant and time-varying technical inefficiency measures obtained from an econometric estimation of different panel data stochastic production frontier models. It estimates four panel data specifications of frontier models widely used in...

Persistent link: https://www.econbiz.de/10014552469