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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/10005118707
, under the assumption that a positive relationship exists between efficiency and productivity. Finally, we compare … institutional efficiency scores of national training markets to other measures of productivity and ask whether a particular set of …We investigate the effect of institutions on efficiency of training markets. After setting up a theoretical …
Persistent link: https://www.econbiz.de/10005561540
Because of the costs involved in such exercises, current productivity measures do not necessarily fully take into … contrast to productivity (incorporating changes in measured quality) estimates. For Australia as a whole in the 1989-90 to 1998 …-99 period, the annual multifactor productivity (MFP) increase was 1.64 percent and the annual increase in community preference …
Persistent link: https://www.econbiz.de/10005561828
Most opportunistic-type models of political business cycles tend to posit a given objective for incumbents: maximisation of re-election chances. Though taking an opportunistic view too, we suggest a new explanation for a fiscal policy cycle: the incumbent’s concern with her own welfare in...
Persistent link: https://www.econbiz.de/10005076618
Recent empirical evidence, from countries in the European Union in particular, are much more ambiguous on the costs savings from private production of local public services than previous literature used to be. In this paper, an explanatory model of factors driving costs in solid waste collection...
Persistent link: https://www.econbiz.de/10005125882
Does there exist a connection between the political power and the tax administration? In this paper, we offer empirical evidence from Spain that there exists. First, the Spanish regional tax administration is not immune to the budgetary situation of the regional government, and tends to exert a...
Persistent link: https://www.econbiz.de/10005125894
In the absence of an equalization grant system, like we justify occurs in Spain at the local level of government, those governments that bear a decrease in their level of tax capacity will have to adjust their budget either by increasing their level of tax effort, by reducing their level of...
Persistent link: https://www.econbiz.de/10005125944
The dynamic fiscal policy adjustment of local jurisdictions is investigated empirically using a panel of more than 1000 U.S.~municipalities over a quarter of a century. Distinguishing own revenue, grants, expenditures, and debt service, the analysis is carried out using a vector error-correction...
Persistent link: https://www.econbiz.de/10005125954
Collusion and soft budget constraint are two conspicuous phenomena in transition economies¡¯ banking system. Literature has separately investigated those two phenomena from theoretical point of views. However, the cross-point of both phenomena has been neglected in the research of banking...
Persistent link: https://www.econbiz.de/10005134539
This paper contributes to providing insights into the impact of decentralisation on poverty. It starts out with an overview of which role decentralisation plays in strategies and policies for poverty eradication and derives economic and political impact channels. It concentrates on the economic...
Persistent link: https://www.econbiz.de/10005408418