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Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …
Persistent link: https://www.econbiz.de/10012758017
We demonstrate that heat inhibits learning and that school air-conditioning may mitigate this effect. Student fixed … learning time. New nationwide, school-level measures of air-conditioning penetration suggest patterns consistent with such … infrastructure largely offsetting heat's effects. Without air-conditioning, a 1°F hotter school year reduces that year's learning by …
Persistent link: https://www.econbiz.de/10012918063
sources of heterogeneity (both of which can clearly account for the variation in wages and wage growth rates): learning …
Persistent link: https://www.econbiz.de/10013215374
A large body of literature suggests that the first years of life are critical for long-term economic, health and social outcomes. However, the effect of public programs on early life skills formation is largely unknown due to data limitations. In this paper we use novel data from a large...
Persistent link: https://www.econbiz.de/10012914696
learning. We compute system-wide measures using administrative data from the country of Colombia that link social security … and learning productivities are far from perfectly correlated, with private institutions receiving relatively higher … rankings under earning measures than under learning measures; 2) earning measures are significantly more correlated with …
Persistent link: https://www.econbiz.de/10012981616
estimate the model using a rich dataset from a group lending program in India. The estimation results support our model …
Persistent link: https://www.econbiz.de/10013082793
This paper examines the impact of the deregulation of compulsory industrial licensing in India on firm-size dynamics …
Persistent link: https://www.econbiz.de/10013064852
We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period following stock market liberalizations, the growth rate of the typical firm's capital stock exceeds its pre-liberalization mean by an average of 5.4 percentage points....
Persistent link: https://www.econbiz.de/10012780226
In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature....
Persistent link: https://www.econbiz.de/10012763282
I show that frequent batch auctions for stocks have the potential to reduce the severity of stock price crashes when they occur. For a given sequence of orders from a continuous electronic limit order book market, matching orders using one second apart batch auctions results in nearly the same...
Persistent link: https://www.econbiz.de/10012861734