We investigate the relationship between exports and productivity in the Turkish apparel and motor vehicle and parts industries from 1990-1996, using two different models for plant-level panel data. In the first model, we examine the effect of past export status on current productivity both with...

This study investigates interrelated factor demands for a multi-output technology (voice and data output) in the Australian telecommunication industry over a long period of time (1922 through 1983). While a dynamic model would appear to be necessary to investigate disequilibrium associated with...

In 1943, Paul Rosenstein-Rodan first coined the term “big-push†in his paper about growth in Eastern European economies. In 1989, Murphy et al. characterised the big-push as a static multi-equilibrium aggregate demand spillover model. Based on the model with a factory wage premium by...

We examine the impact of R&D intensity and agency costs on the value of firms across 13 economies. We find that R&D adds value while high agency costs reduce value. R&D adds value, however, even when agency costs are high. We show that in those firms where agency costs are high and R&D intensity...

Skill-biased technical change is usually interpreted in terms of the efficiency parameters of skilled and unskilled labor. This implies that the relative productivity of skilled workers changes proportionally in all tasks. In contrast, we argue that technical changes also affect the curvature of...

Competition has pervasive and long-lasting effects on economic performance by affecting economic actors’ incentive structures, by encouraging their innovative activities, by stimulating technology spillovers, and by selecting more efficient firms from less efficient ones over time. A...

Abstract Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical progress (TP) and Technical Efficiency Change (TEC)....

Abstract Applying a Stochastic Production Frontier to sector-level data within manufacturing sector in India, this paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of technical progress (TP) and Technical Efficiency Change (TEC)....

This paper considers maximum likelihood (ML) based inferences for dynamic panel data models. We focus on the analysis of the panel data with a large number of cross-sectional units and a small number of repeated time-series observations for each cross-sectional unit. We examine several different...

ABSTRACT This study re-examines the exchange rate-monetary fundamentals link with in a panel data framework. Pure time series and pooled time series-based tests fail to find empirical support for monetary exchange rate models (Sarantis (1994) and Groen (2000)). Using recently developed Panel...