The present paper extents the existing literature providing a theoretically consistent framework for measuring input-specific technical efficiency in damage control inputs within a stochastic production frontier model. The theoretical framework for modeling damage control agents is based on Fox...

The generalized normal-Laplace distribution is a useful law for modelling asymmetric data exhibiting excess kurtosis. Goodness-of-fit tests for this distribution are constructed which utilize the corresponding moment generating function, and its empirical counterpart. The consistency and other...

This paper presents a procedure for measuring technical and allocative inefficiency in an input distance function framework. The procedure involves solving a system of equations to compute the unobserved cost minimizing input vector that is used to compute the cost of allocative inefficiency....

Based on practices and legislation in the shipping industry, we construct a corporate social responsibility (CSR) disclosure index for listed shipping companies. We use Markov Chain Monte Carlo (MCMC) techniques for Bayesian inference, and we estimate the marginal effects of firm characteristics...

This paper addresses the issue of ownership structure and corporate performance. It employs a sample of 107 internationally listed shipping firms (about 60% of the total) and examines their financial data and ownership concentration for the year 2009. Ownership is treated as an endogenous...

In this paper we consider a variety of procedures for numerical statistical inference in the family of univariate and multivariate stable distributions. In connection with univariate distributions (i) we provide approximations by finite location-scale mixtures and (ii) versions of approximate...

This study investigates the long run relationship between government size and unemployment rate, the Abrams curve, using ten European countries over the period 1961-1999. To this end, panel cointegration analysis and estimation techniques appropriate for heterogeneous panels are made use of. The...

The paper utilizes modern econometric techniques organized around I(1) and cointegration analysis to examine the number of common, stochastic long-run trends in regional incomes and assess the hypothesis of regional convergence for the US over the period 1929-1997. Time series evidence is...

The present paper examines regional convergence in Greece using g - and † -convergence concepts as well as Markov chain analysis for a NUTS-3 classification. The g -concept indicates convergence at the rate 2% (1971-81) and 4% (1982-93). Markov chain analysis, however, provides strong evidence...

TSIONAS E. G. (2000) Regional growth and convergence: evidence from the United States, Reg. Studies 34 , 231-238. The paper considers regional convergence in the US. Both g - and † -convergence tests indicate that in the period 1977-96 regional incomes do not converge, yet kernel density...