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A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier|country{level ineciencies|exhibit long{run relationships and convergence. The method is applied to 1-digit industries of 14 OECD countries from...
Persistent link: https://www.econbiz.de/10008614686
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We examine whether departures from the frontier are...
Persistent link: https://www.econbiz.de/10008614780
Casino gambling is a social issue, because in addition to the direct benefits to those who own and use casinos, positive and negative externalities are reaped and borne by those who do not gamble. To correctly assess the total economic impact of casinos, one must distinguish between business...
Persistent link: https://www.econbiz.de/10005443232
The Commission appointed by Governor Barnes consists of fourteen members, three ex officio members, and seven advisory members. This group includes academics, members of the legislature, claimants attorneys, defense attorneys, representatives from the insurance industry, organized labor, the...
Persistent link: https://www.econbiz.de/10005412509
Dan Kahan and Donald Braman’s provocative analysis contends that because people’s beliefs about firearms are primarily formed by cultural values, empirical data are unlikely to have much effect on the gun debate. Their proposed solution to this quandary is that scholars who want to help...
Persistent link: https://www.econbiz.de/10005412512
While few economists analyzed criminal behaviour and the criminal justice process before Gary Becker’s seminal 1968 paper, an enormous body of economic research on crime has since been produced. This insightful and comprehensive Handbook reviews and extends much of this important...
Persistent link: https://www.econbiz.de/10011174161
Punitive damages are one of the most controversial aspects of tort litigation and have been the subject of various theoretical, empirical, and experimental studies. One criticism of punitive damages refers to the effect that they have on civil litigation processes. In particular, Polinsky (1997)...
Persistent link: https://www.econbiz.de/10005076635
This paper examines the effects of Georgia's merit-based HOPE Scholarship on college enrollment. Introduced in 1993, the HOPE Scholarship covers tuition, fees, and book expenses for students attending Georgia public colleges, and provides a subsidy of comparable value to students attending...
Persistent link: https://www.econbiz.de/10005076934
Punitive damages are a controversial aspect of tort litigation and have been the subjct of numerous theoretical, empirical, and experimental studies. Critics have argued that the uncertainty and unpredictability that punitive damages claims inject into a case may increase the rate and amount of...
Persistent link: https://www.econbiz.de/10005779110
Recently many papers have used the arrest rate to measure punishments in crime-rate regressions. However, arrest rates account for only a portion of the criminal sanction. Conviction rates and time served are theoretically important, but rarely used, and excluding them generates omitted variable...
Persistent link: https://www.econbiz.de/10005815564