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Cost Structure Analysis Under Disequilibrium: Price, Scale, Efficiency and Capacity Utilisation Effects.

Sarkis, Z. - Department of Economics, Oxford University - 1999

This paper proposes a "Flexible Disequilibrium Model" (FDM) which allows for a flexible specification of technology and … of firm-level heterogeneity in technical and allocative efficiency levels. FDM is implemented on a G-5 banking dataset …

Persistent link: https://www.econbiz.de/10005047831

Adjustment Costs and the Identification of Cobb Douglas Production Functions

Bond, Stephen; Söderbom, Måns - Department of Economics, Oxford University - 2005

Cobb Douglas production function parameters are not identified from cross-section variation when inputs are perfectly 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...

Persistent link: https://www.econbiz.de/10011152497

The effect of schooling on worker productivity: Evidence from a South African industry panel

Teal, Francis; Burger, Rulof P. - Department of Economics, Oxford University - 2014

Schooling is typically found to be highly correlated with individual earnings in African countries. However, African firm or sector level studies have failed to identify a similarly strong effect for average worker schooling levels on productivity. This has been interpreted as evidence that...

Persistent link: https://www.econbiz.de/10011159001

Exploiting Sequential Learning to Estimate Establishment-Level Productivity Dynamics and Decision Rules

Greenstreet, David - Department of Economics, Oxford University - 2007

This paper develops a sequential learning estimator of production functions and productivity dynamics for unbalanced establishment panels. Extending an idea from the literature on dynamic industry models, establishments are uncertain about their own idiosyncratic productivities and update...

Persistent link: https://www.econbiz.de/10005047910

Are African Manufacturing Firms Really Inefficient? Evidence from Firm-Level Panel Data

Söderbom, Måns; Teal, Francis - Department of Economics, Oxford University - 2001

: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices is … not due to a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity … distortions could be removed substantial gains thorough improvements in allocative efficiency would be possible. …

Persistent link: https://www.econbiz.de/10011152503

Size and Efficiency in African Manufacturing Firms: Evidence from Firm-Level Panel Data

Teal, Francis; Söderbom, Måns - Department of Economics, Oxford University - 2002

technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to … a non-homothetic technology. Observable skills are not quantitatively important as determinants of productivity … differentials could be levelled out, substantial gains thorough improvements in allocative efficiency would be possible. …

Persistent link: https://www.econbiz.de/10011152506

Why do South Korean firms produce so much more output per worker than Ghanaian ones?

Teal, Francis; Baptist, Simon - Department of Economics, Oxford University - 2008

The labour productivity differentials between manufacturing firms in Ghana and South Korea exceed those implied by macro analysis. Median value-added per employee is nearly 40 times higher in South Korea than Ghana. The most important single factor in explaining this difference is the...

Persistent link: https://www.econbiz.de/10011004209

Forecasting in Cointegrated Systems.

Clements, M.P.; Hendry, D.F. - Department of Economics, Oxford University - 1992

Persistent link: https://www.econbiz.de/10004970288

The Econometrics of Panel Data: A Selective Introduction.

Urga, G. - Department of Economics, Oxford University - 1992

Persistent link: https://www.econbiz.de/10004970294

Costs and Benefits of Incorporating Asset Markets into CGE Models: Evidence and Design Issues.

Adam, C.S.; Bevan, D.L. - Department of Economics, Oxford University - 1998

This paper discusses how a consistent treatment of asset markets may be integrated into standard trade-focussed CGE models. Starting from a core specification of the real economy, calibrated to data for Zambia in the mid-1990s, the paper examines the properties of a hierarchy of models which...

Persistent link: https://www.econbiz.de/10004970295

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