Showing 1 - 10 of 149
been introduced. The model includes assumptions about the productivity gains of GM crops, possible consumer responses and …
Persistent link: https://www.econbiz.de/10005407855
, 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
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
. Even the currencies of poor nations are galloping upward in $ parity, because they are linked to Euro. This is due to USA …'s approach to control other nations in the world,through unilateral Army power,tie up of domestic markets towards USA, and … Pumping wealth from developed nations. A Notional Balance sheet of USA, balances only with a Loss to the Assets(Debit). This …
Persistent link: https://www.econbiz.de/10005556940
A two-block open economy model is estimated in this paper using Australian and U.S. data. Evaluation of the estimated model is carried out in relation to a simple closed economy alternative. Namely, we inspect the implied transmission mechanisms, and examine the relative out-of-sample...
Persistent link: https://www.econbiz.de/10005125001
This paper estimates a DSGE model with learning to re-examine the evidence on time variation in post-war U.S. monetary policy. Several papers document a regime switch, by showing that policy changed from `passive' and destabilizing in the pre-1979 period to `active' and stabilizing in the...
Persistent link: https://www.econbiz.de/10005126467
Bayesian estimation techniques. These methods offer advantages over classical econometric tools in this area: The most …
Persistent link: https://www.econbiz.de/10005407891
This paper gives an overview of some issues related to market aluation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...
Persistent link: https://www.econbiz.de/10005125064
perform better than standard maximum likelihood estimates. We recommend that banks consider Bayesian estimation for internal …
Persistent link: https://www.econbiz.de/10005134954