Showing 1 - 10 of 57
Persistent link: https://www.econbiz.de/10001742594
One of the important public policy issues in science and technology is to ascertain if and how firms' investments in research and development (R&D) contribute to technical progress at firm and industry levels. Griliches (1979) made a pioneering contribution to our understanding of economic...
Persistent link: https://www.econbiz.de/10005702740
aggregate productivity growth. The dynamism of Asian NIEs (Newly Industrializing Economies) revealed in their export …
Persistent link: https://www.econbiz.de/10005702697
series pattern to that of the growth of total factor productivity (TFP) in New Zealand. New Zealand’s experience in …
Persistent link: https://www.econbiz.de/10005702558
This paper examines the performance of the U.S.~commercial banking industry over 1984--2002. Rather than measuring performance relative to the unknown (and difficult-to-estimate) boundary of the production set, performance for a given bank is measured relative to {\it expected} maximum output...
Persistent link: https://www.econbiz.de/10005702644
This paper investigates whether an increase in ABS issuance, or securitized products, by leasing companies has been influenced by Japanese banks’ tightened lending attitudes in 1990s. Our focus is in particular to examine the importance of asset securitization for leasing companies when...
Persistent link: https://www.econbiz.de/10005702732
This paper studies the design of law-making and law enforcement institutions based on the premise that law is inherently incomplete. Under incomplete law, law enforcement by courts may suffer from deterrence failure, defined as the socialwelfare loss that results from the regime's inability to...
Persistent link: https://www.econbiz.de/10005342313
paper examines Total Factor Productivity (TFP) growth during 1979-80 to 1997-98. The analysis focuses on the trend of … this paper, allows us to separate out these two components, and to identify productivity growth due to either improvement … index number approach to productivity growth analysis lies on assumption: the existence of an unobservable and idealized …
Persistent link: https://www.econbiz.de/10005342339
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...
Persistent link: https://www.econbiz.de/10005063647
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 the distribution of relative productivity. Building on Rosen … labor productivity in the late 70s through the 80s and to a speedup in the 90s …
Persistent link: https://www.econbiz.de/10005702629