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Persistent link: https://www.econbiz.de/10005776294
characteristics and efficiency as the main determinants of their productivity. The application of this analysis to the European market … shows that productivity differences among flag carriers could explain the governments' different views about deregulation at …
Persistent link: https://www.econbiz.de/10010745526
Persistent link: https://www.econbiz.de/10010884706
What factors underlie industry differences in research intensity and productivity growth? We develop a multisector … growth model using standard parameters to capture the main factors considered in the empirical R&D and productivity growth … literature. Along the balanced growth path, we find that the primary factor behind industry differences in productivity growth is …
Persistent link: https://www.econbiz.de/10010745293
growth of organization capital did not have significant effects on productivity growth. …
Persistent link: https://www.econbiz.de/10010746087
We develop a multi-sector general equilibrium model in which productivity growth is driven by the production of sector …-specific knowledge. In the model, we find that long run differences in total factor productivity growth across sectors are independent of …
Persistent link: https://www.econbiz.de/10010746396
Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource allocation. The paper presents an integrated treatment of these three concerns in a second-best general equilibrium framework, which leads to the 'generalised Ramsey rule' for...
Persistent link: https://www.econbiz.de/10010884666
We propose a modification of kernel time series regression estimators that improves efficiency when the innovation …
Persistent link: https://www.econbiz.de/10010928799
Persistent link: https://www.econbiz.de/10005776285
We propose a new estimator for nonparametric regression based on local likelihood estimation using an estimated error score function obtained from the residuals of a preliminary nonparametric regression. We show that our estimator is asymptotically equivalent to the infeasible local maximum...
Persistent link: https://www.econbiz.de/10010745013