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What Directions for Labor Market Institutions in Eastern and Central Europe?
Freeman, Richard B. - 1992
Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …
Persistent link: https://www.econbiz.de/10012474756
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Alternative Compensation Arrangements and Productive Efficiency in Partnerships : Evidence from Medical Group Practice
Gaynor, Martin - 1987
arrangements on productive efficiency in medical group practices. The technique employed is two-stage production frontier … estimation. This technique provides direct estimates of productive efficiency and allows for differences across agents in ability … or responsiveness to financial incentives. In the frontier literature productive efficiency is assumed to be exogenously …
Persistent link: https://www.econbiz.de/10012476899
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Making Sense of the Soviet Trade Shock in Eastern Europe : A Framework and Some Estimates
Rodrik, Dani - 1992
shock accounts for all of the decline in Hungarian GDP, about 60 percent of decline in Czechoslovakia, and between a quarter …
Persistent link: https://www.econbiz.de/10012474863
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Inflation Targeting in Transition Countries : Experience and Prospects
Jonas, Jiri - 2003
Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well …
Persistent link: https://www.econbiz.de/10012469031
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On the Speed of Transition Central Europe
Aghion, Philippe - 1994
Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow...
Persistent link: https://www.econbiz.de/10012474189
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Estimating Production Functions Using Inputs to Control for Unobservables
Levinsohn, James - 2000
We introduce a new method for conditioning out serially correlated unobserved shocks to the production technology by building ideas first developed in Olley and Pakes (1996). Olley and Pakes show how to use investment to control for correlation between input levels and the unobserved...
Persistent link: https://www.econbiz.de/10012470924
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Revisiting Capital-Skill Complementarity, Inequality, and Labor Share
Ohanian, Lee E.; Orak, Musa; Shen, Shihan - National Bureau of Economic Research - 2021
This paper revisits capital-skill complementarity and inequality, as in Krusell, Ohanian, Rios-Rull and Violante (KORV, 2000). Using their methodology, we study how well the KORV model accounts for more recent data, including the large changes in labor's share of income that were not present in...
Persistent link: https://www.econbiz.de/10012510626
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The Microeconomic Foundations of Aggregate Production Functions
Baqaee, David - 2018
Aggregate production functions are reduced-form relationships that emerge endogenously from input-output interactions between heterogeneous producers and factors in general equilibrium. We provide a general methodology for analyzing such aggregate production functions by deriving their first-...
Persistent link: https://www.econbiz.de/10012480944
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Does EdTech Substitute for Traditional Learning? Experimental Estimates of the Educational Production Function
Bettinger, Eric - 2020
Experimental studies rarely consider the shape and nature of the education production function, which is useful for deriving optimal levels of input substitution in increasingly resource constrained environments. Because of the rapid expansion of EdTech as a substitute for traditional learning...
Persistent link: https://www.econbiz.de/10012481924
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Some Unpleasant Markup Arithmetic : Production Function Elasticities and their Estimation from Production Data
Bond, Steve - 2020
The ratio estimator of a firm's markup is the ratio of the output elasticity of a variable input to that input's cost share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator. Concerning identification: (i) if the revenue...
Persistent link: https://www.econbiz.de/10012481959