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-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …
Persistent link: https://www.econbiz.de/10012980667
the efficiency with which they process cargo have become an ever more important topic. Yet, there exist very little data … that allows one to compare port efficiency measures of any kind across ports and, especially, over time. This paper … provides a new statistical method of uncovering port efficiency measures using U.S. Census data on imports into U.S. ports …
Persistent link: https://www.econbiz.de/10013224698
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Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10011380037
The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and Bayesian analysis in order to analyze to what degree violations of the strong validity assumption affect the...
Persistent link: https://www.econbiz.de/10011381026
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An efficient and accurate approach is proposed for forecasting Value at Risk [VaR] and Expected Shortfall [ES] measures in a Bayesian framework. This consists of a new adaptive importance sampling method for Quantile Estimation via Rapid Mixture of t approximations [QERMit]. As a first step the...
Persistent link: https://www.econbiz.de/10011377096
efficiency where the numerical standard error may be highly unreliable. …
Persistent link: https://www.econbiz.de/10011377602
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