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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
base (2005). Second, we establish clear empirical links between infrastructure and productivity using South African time …- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …
Persistent link: https://www.econbiz.de/10005125863
infers that, all nations, irrespective their level of development, should evaluate Productivity/Management Decisions with …
Persistent link: https://www.econbiz.de/10005408439
Australian, state and territory regimes came under review for the Commission’s inquiry into native vegetation and biodiversity regulations. The Commission’s preliminary findings were released for public comment in December 2003. It found that the cost of farm regulations could be reduced if...
Persistent link: https://www.econbiz.de/10005556186
practical solutions. Algebraic Model with a broad based Redefined Productivity Model and Management Decision integrated with …
Persistent link: https://www.econbiz.de/10005119190
This paper investigates efficiency using data envelopment analysis (DEA) and productivity growth using Malmquist index … and loans and other earning assets as output in the DEA analysis we observe no significant growth in productivity during … the sampled period. The rate of increase in technical efficiency though small is likely to be due to scale efficiency …
Persistent link: https://www.econbiz.de/10005561554
The belief that equality of demand and supply determines price and clears the market is universal. Shockingly, this belief is unfounded. It contradicts macro’s claim that equality of demand and supply determines output. It contradicts (new) monetary theory, which claims that equality of demand...
Persistent link: https://www.econbiz.de/10005413280
'Gainful trade: a new economics' explains why and how economics may be rebuilt from scratch to allow the occurence of gainful trade. It uses a new concept of consistency of social choice and a new analytical tool called consistency analysis to build a unified model of economics. It answers all...
Persistent link: https://www.econbiz.de/10005119309