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This paper uses Logit and Probit regressions to test for and quantify the physical heterogeneity between German luxury cars. Using a matched sample database, the binary response variable consisting of Audis and BMWs is fitted to a matrix of physical characteristics such as power, torque, fuel...
Persistent link: https://www.econbiz.de/10008502732
Learning has been recognized as an important factor in explaining the growth of firms in both industrial organization theory and literature. However, few models have attempted to relate the learning and growth literature with the industrial policy regime, especially in economies heavily...
Persistent link: https://www.econbiz.de/10005619958
I construct a dynamic model of transactions in used capital to understand the role of leasing when trading is subject to frictions. Firms trade assets to adjust their productive capacity in response to shocks to profitability. Transaction costs hinder the efficiency of the allocation of capital,...
Persistent link: https://www.econbiz.de/10008839200
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
This paper provides a simple proof of the result that if a production function is homogeneous, displays non-increasing returns to scale, is increasing and quasiconcave, then it is concave. If the function is strictly quasiconcave or one-to-one, homogeneous, displays decreasing returns to scale...
Persistent link: https://www.econbiz.de/10008765094
This paper uses the mode of production of the hunter-gatherers as a background to explain basic economic concepts, in particular the meaning of the labour theory of value and it's relationship to optimization of resources. A proof of the marginal value theorem is presented. A new term is...
Persistent link: https://www.econbiz.de/10005089356
, when markets for assets are thin, firms’ average productivity and capacity utilization are lower, and the dispersions of … productivity and of capacity utilization are higher. In turn, prices of assets with a thin market are lower and have a higher …
Persistent link: https://www.econbiz.de/10008685561
This paper examines the impact of investments in modernization and innovation on productivity in a sample of firms in … focuses on the impact of R&D and patents on firms’ performance and productivity, we examine data on actual investment … achieved higher productivity, and these estimated quantitative effects are greater than the impact of standard innovation …
Persistent link: https://www.econbiz.de/10005836972
productivity analysis of the small and medium scale manufacturing sector of Pakistan. This will unleash the role of the various … role in hand holding and development of SMEs in Pakistan so that productivity of factors of production can be increased …. Especially the measures should be taken to increase the productivity of women who make 52% of Pakistan’s population. …
Persistent link: https://www.econbiz.de/10011258957
Since the mid 1900’s, economist have come to recognize the role of innovative activity in firms productivity growth …
Persistent link: https://www.econbiz.de/10008876897