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Using the US states plus the District of Columbia, output-oriented innovative efficiency scores are computed using data envelope analysis (DEA) where total patent counts serve as the measure of innovative output and industry and academic research and development expenditures, and numbers of...
Persistent link: https://www.econbiz.de/10014217823
The endogenous approach to regional development policy has become central over the last decade. By employing the conditional frontier approach, this paper investigates the relative contribution to labour productivity growth of: (1) capital accumulation, (2) exogenous technical change and...
Persistent link: https://www.econbiz.de/10013107685
We propose a nonparametric test that distinguishes 'depressions' and 'booms' from ordinary recessions and expansions. Depressions and booms are defined as coming from another underlying process than recessions and expansions. We find four depressions and booms in the NBER business cycle between...
Persistent link: https://www.econbiz.de/10010326842
We propose a nonparametric test that distinguishes 'depressions' and 'booms' from ordinary recessions and expansions. Depressions and booms are defined as coming from another underlying process than recessions and expansions. We find four depressions and booms in the NBER business cycle between...
Persistent link: https://www.econbiz.de/10010957100
For a Lévy process X having finite variation on compact sets and finite first moments, µ( dx) = xv( dx) is a finite signed measure which completely describes the jump dynamics. We construct kernel estimators for linear functionals of µ and provide rates of convergence under regularity...
Persistent link: https://www.econbiz.de/10009645831
Nonparametric techniques are usually seen as a statistic device for data description and exploration, and not as a tool for estimating models with a richer economic structure, which are often required for policy analysis. This paper presents an example where nonparametric flexibility can be...
Persistent link: https://www.econbiz.de/10001537161
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