Showing 1 - 10 of 1,900
Persistent link: https://www.econbiz.de/10005646560
This paper studies the offshoring of services and whether this phenomenon is linked to the international fragmentation of activities or to a shift in outsourcing to foreign rather than domestic suppliers. Analysis is performed using the National Accounting input-output tables of Spain’s...
Persistent link: https://www.econbiz.de/10010700749
A foundation is provided for a correct and accurate analysis of the relationship between monetary values and physical dimensions in economic production. A distinction is proposed between direct and indirect substitution. Linked to this, a classification is offered of various types of...
Persistent link: https://www.econbiz.de/10005504911
Controversy focuses on three questions: Is capital a distinct factor of production? Is capital quantifiable in a theoretically consistent manner? Are process stories necessary around convergence to, or changes in, equilibrium interest rates? To all, Kaldor answers 'yes' to Knight's 'no'. The...
Persistent link: https://www.econbiz.de/10005505412
flexible and chosen optimally, and input prices are common to all firms. We consider the role of adjustment costs for inputs in … identifying these parameters in this context. The presence of adjustment costs for all inputs allows production function … fragile when adjustment costs are deterministic, but more useful in the case of stochastic adjustment costs. We illustrate …
Persistent link: https://www.econbiz.de/10005509490
-of-fit tests, by nonnested-hypothesis tests, and by "costs of misspecification." Neither goodness-of-fit tests nor nonnested …-hypothesis tests provide a clear choice among the candidate functions; costs of misspecification provide some choice. …
Persistent link: https://www.econbiz.de/10005477302
Persistent link: https://www.econbiz.de/10005486996
An econometric methodology is developed for nonparametric estimation of concave production technologies. The methodology, bases on the priciple of maximum likelihood, uses entropic distance and concvex programming techniques to estimate production functions.
Persistent link: https://www.econbiz.de/10005407883
Development of “new economies” leading to economies mostly based on knowledge implies the construction of new long-term macroeconometric models. They should incorporate the impacts of new technologies being endogenized, as well as human capital. The paper discusses several issues related to...
Persistent link: https://www.econbiz.de/10004970664
production functions, in order to determine differences in costs and technical efficiency in the provision of education across …
Persistent link: https://www.econbiz.de/10011096520