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Nested Stochastic Possibility Frontiers with Heterogeneous Capital Inputs

Erber, Georg; Madlener, Reinhard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10004963835

Persistence and Determinants of Firm Profit in Emerging Markets

Stephan, Andreas; Tsapin, Andriy - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10004963898

Benchmarking Efficiency of Telecommunication Industries in the US and Major European Countries: A Stochastic Possibility Frontiers Approach

Erber, Georg - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

The impact of ICT on the efficiency of different national telecommunication industries of the US, Germany, France, the UK and the Netherlands is analysed by using a stochastic production possibility frontier approach. The relative inefficiencies of these industries measured as distances to the...

Persistent link: https://www.econbiz.de/10005068689

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 - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

inflation convergence using different approaches, namely panel unit root tests, co-integration 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/10005068787

Convergence in Institutions and Market Outcomes: Cross-Country and Time-Series Evidence from the BEEPS Surveys in Transition Economies

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10005068801

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

Fritsche, Ulrich; Kuzin, Vladimir - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10005068930

Technological Change and Transition: Relative Contributions to Worldwide Growth during the 1990s

Badunenko, Oleg; Henderson, Daniel J.; Zelenyuk, Valentin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

In this paper we used the procedures developed in the Kumar and Russell (2002) growth-accounting study to examine cross-country growth during the 1990's. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decomposed the growth of output per...

Persistent link: https://www.econbiz.de/10005069101

Long Memory in US Real Output per Capita

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 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/10005026831