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Robust Linear Static Panel Data Models Using ε-Contamination

Baltagi, Badi H.; Bresson, Georges; Chaturvedi, Anoop; … - Institute for the Study of Labor (IZA) - 2014

The paper develops a general Bayesian framework for robust linear static panel data models using ε-contamination. A two-step approach is employed to derive the conditional type-II maximum likelihood (ML-II) posterior distribution of the coefficients and individual effects. The ML-II posterior...

Persistent link: https://www.econbiz.de/10011094081

Productivity, Welfare and Reallocation: Theory and Firm-Level Evidence

Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - Institute for the Study of Labor (IZA) - 2009

where it does not properly measure technology) and makes it possible to calculate the contributions of disaggregated units …-level (EU-KLEMS) and firm-level (Amadeus) data. After adding further assumptions about technology and market structure (firms … respectively technical change, aggregate distortions and allocative efficiency. Then, using the appropriate firm-level data, we …

Persistent link: https://www.econbiz.de/10008514853

The Return to the Firm Investment in Human Capital

Almeida, Rita; Carneiro, Pedro - Institute for the Study of Labor (IZA) - 2006

In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms with unusually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as their...

Persistent link: https://www.econbiz.de/10005822083

Using Firm Optimization to Evaluate and Estimate Returns to Scale

Gorodnichenko, Yuriy - Institute for the Study of Labor (IZA) - 2008

At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...

Persistent link: https://www.econbiz.de/10005822822

Worker Productivity and Wages: Evidence from Linked Employer-Employee Data

Lopes, Ana Sofia; Teixeira, Paulino - Institute for the Study of Labor (IZA) - 2012

This study compares the determinants of productivity and wages at both firm and worker level. In the firm-level analysis, we follow Hellerstein, Neumark and Troske (1999) and provide improved estimates based on an extended set of covariates including the intensity of firm-provided training. In...

Persistent link: https://www.econbiz.de/10010598556

International Trade and its Effects on Economic Growth in China

Sun, Peng; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2010

International trade, as a major factor of openness, has made an increasingly significant contribution to economic growth. Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market. This...

Persistent link: https://www.econbiz.de/10008611315

Firm-Sponsored Classroom Training: Is It Worth It for Older Workers?

Dostie, Benoit; Léger, Pierre Thomas - Institute for the Study of Labor (IZA) - 2011

We use longitudinal linked employer-employee data and find that the probability of participating in firm-sponsored classroom training diminishes rapidly for workers aged 45 years and older. Although the standard human capital investment model predicts such a decline, we also consider the...

Persistent link: https://www.econbiz.de/10009371900

Estimating the Returns to Firm-Sponsored On-the-Job and Classroom Training

Dostie, Benoit - Institute for the Study of Labor (IZA) - 2010

In this paper, we estimate returns to classroom and on-the-job firm-sponsored training in terms of value-added per worker using longitudinal linked employee-employer Canadian data from 1999 to 2006. We estimate a standard production function controlling for endogenous training decisions because...

Persistent link: https://www.econbiz.de/10008684802

Production Risk, Energy Use Efficiency and Productivity of Korean Industries

Khayyat, Nabaz T.; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2014

. Efficiency in the use of energy is a way to reduce dependency and emissions. This study provides empirical results of the … energy use are estimated. Stochastic production technology is applied to estimate an energy demand model based on an inverted … use among the individual industries as well as over time; second, information and communication technology (ICT) capital …

Persistent link: https://www.econbiz.de/10010760007

Estimation of Productivity in Korean Electric Power Plants: A Semiparametric Smooth Coefficient Model

Heshmati, Almas; Kumbhakar, Subal C.; Sun, Kai - Institute for the Study of Labor (IZA) - 2013

This paper analyzes the impact of load factor, facility and generator types on the productivity of Korean electric power plants. In order to capture important differences in the effect of load policy on power output, we use a semiparametric smooth coefficient (SPSC) model that allows us to model...

Persistent link: https://www.econbiz.de/10010764608

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