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Nested stochastic possibility frontiers with heterogeneous capital inputs

Erber, Georg; Madlener, Reinhard - 2007

This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...

Persistent link: https://www.econbiz.de/10010264965

Convergence in institutions and market outcomes: crosscountry and time-series evidence from the BEEPS surveys in transition economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - 2008

This paper uses the BEEPS firm-level data to study the process of convergence of transition countries with developed … convergence of transition countries with developed market economies in a number of dimensions. The pattern of growth at the … activity taking place in 2002, the middle of the period analyzed. Throughout, the regional patterns suggest greater convergence …

Persistent link: https://www.econbiz.de/10010271080

Persistence and determinants of firm profit in emerging markets

Stephan, Andreas; Tsapin, Andriy - 2008

The paper studies the persistence of profit and its determinants in emerging markets. We apply Markov chain analysis, dynamic panel GMM estimation, and quantile regression techniques to a panel of approximately 3,000 Ukrainian companies. The empirical results show a moderate level of profit...

Persistent link: https://www.econbiz.de/10010271081

Long memory in US real output per capita

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - 2009

This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 ¿ 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...

Persistent link: https://www.econbiz.de/10010271105

Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

Fritsche, Ulrich; Kuzin, Vladimir N. - 2007

area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …

Persistent link: https://www.econbiz.de/10010260899

Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-run Divergence? Results from a Comparison with the United States of America and Germany

Dullien, Sebastian; Fritsche, Ulrich - 2007

inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …

Persistent link: https://www.econbiz.de/10010260904