Showing 1 - 10 of 1,577
This paper contributes to the emprical debate on firm heterogeneity in international trade dealing with the direction of causality from which the performance premium across destination markets originates. For this purpose, we first investigate the selection of firms into markets with asymmetric...
Persistent link: https://www.econbiz.de/10011267846
In the context of rising government debt levels in advanced economies and the ongoing euro zone debt crisis, there has been a revival of academic and policy debate on the impact of growing government debt on economic growth. This data-rich study offers an econometric investigation of the...
Persistent link: https://www.econbiz.de/10011272691
The rising government debt levels in the aftermath of global financial crisis and the ongoing euro zone debt crisis have necessitated the revival of the academic and policy debate on the impact of growing debt levels on growth. This study provides a data–rich analysis of the dynamics of...
Persistent link: https://www.econbiz.de/10011272700
This paper proposes a new panel unit root test based on the generalized method of moments approach for panels with a small number of time periods and a large number of cross-section units, N. In the model that we consider the deterministic trend function is essentially unrestricted and the...
Persistent link: https://www.econbiz.de/10011259926
The surge of government debt during the post-global financial crisis and the ongoing euro zone sovereign debt crisis has begun raising concerns whether government debt levels have hit the tipping points. This study offers to contribute in the following ways: First, we find out whether the...
Persistent link: https://www.econbiz.de/10011262867
The dynamics of government debt and economic growth, once a subject of interest mostly to very few macroeconomists is suddenly of immense attention for many researchers in the backdrop of Euro zone sovereign debt crisis and Reinhart & Rogoff’s related research. This study investigates the...
Persistent link: https://www.econbiz.de/10011262868
The duality between a production function and the cost function generated by it implies that a Solovian ‘growth accounting’ measure of productivity increase, as referred to the industry, has an equivalent dual measure, based on what may be called ‘price accounting’. It is argued in this...
Persistent link: https://www.econbiz.de/10005025697
accounting for human capital, total factor productivity differences over time accounts for 48% to 69% of output variation. TFP … after using the Mincer wage regression coefficients, TFP growth still remains significant in explaining the output growth … improvement (TFP) rather than input accumulation growth. …
Persistent link: https://www.econbiz.de/10005621616
autoregressive model. In so doing, we have allowed the total factor productivity (TFP) of each firm to be affected by the TFP of …
Persistent link: https://www.econbiz.de/10011108504
The objective of this paper is to analyze the efficiency of the Italian Banking System over the period 2006-2010. By applying the Stochastic Frontier Approach (SFA) to a panel of 700 banks, the analysis is based on the joint estimation of a cost function and an efficiency equation (Battese and...
Persistent link: https://www.econbiz.de/10011259215