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Fuzzy Frontiers of Production : Evidence of Persistent Inefficiency in Safety Expenditures
Ichniowski, Casey - 2021
This study documents a strong inverse relationship between accident rates and production in a sample of eleven firms in the same narrowly defined industry classification. Given the detailed set of input controls and controls for plant-specific and time-specific factors used in the analysis, the...
Persistent link: https://www.econbiz.de/10013236836
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Port Efficiency, Maritime Transport Costs and Bilateral Trade
Clark, Ximena; Dollar, David; Micco, Alejandro - 2021
determinant of shipping costs. Improving port efficiency from the 25th to the 75th percentile reduces shipping costs by 12 percent … explain variations in port efficiency and find that they are linked to excessive regulation, the prevalence of organized crime … world. Distance volumes and product characteristics matter. In addition, we find that ports efficiency is an important …
Persistent link: https://www.econbiz.de/10013233046
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Efficient Recapitalization
Philippon, Thomas - 2009
We analyze government interventions to recapitalize a banking sector that restricts lending to firms because of debt overhang. We find that the efficient recapitalization program injects capital against preferred stock plus warrants and conditions implementation on sufficient bank participation....
Persistent link: https://www.econbiz.de/10013160157
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Individuals and Organizations as Sources of State Effectiveness
Best, Michael - 2017
How important are bureaucrats for the productivity of the state? And to what extent do the tradeoffs between different policies depend on the implementing bureaucrats' effectiveness? Using data on 16million public procurement purchases in Russia during 2011–2016, we show that over 40 percent...
Persistent link: https://www.econbiz.de/10012957383
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Policies to Promote Growth and Economic Efficiency in Mexico
Arias, Javier - 2010
This paper discusses the problems facing the Mexican economy. It operates under a heavy burden of monopoly and regulation. We focus on two issues that should receive more attention in discussions of Mexican policy. (1) The family is under stress in Mexico and this retards the growth of skills of...
Persistent link: https://www.econbiz.de/10013135761
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On the Timing and Efficiency of Creative Destruction
Caballero, Ricardo J. - 2010
This paper analyzes the timing, pace and efficiency of the on- going job reallocation that results from product and … policies can restore economic efficiency …
Persistent link: https://www.econbiz.de/10013139984
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Getting Beneath the Veil of Effective Schools : Evidence from New York City
Dobbie, Will - 2011
Charter schools were developed, in part, to serve as an R&D engine for traditional public schools, resulting in a wide variety of school strategies and outcomes. In this paper, we collect unparalleled data on the inner-workings of 35 charter schools and correlate these data with credible...
Persistent link: https://www.econbiz.de/10013117889
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Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power
Davis, Lucas W. - 2011
percent increase in operating efficiency, achieved primarily by reducing the frequency and duration of reactor outages. At … average wholesale prices the value of this increased efficiency is approximately $2.5 billion annually and implies an annual …
Persistent link: https://www.econbiz.de/10013121046
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Property Taxation, Zoning, and Efficiency : A Dynamic Analysis
Coate, Stephen - 2011
This paper revisits the classic argument that a system of local governments financing public service provision via property taxes will produce an efficient allocation of both housing and services if communities can implement zoning ordinances. The novel feature of the analysis is a dynamic model...
Persistent link: https://www.econbiz.de/10013123687
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Inefficient Investment Waves
He, Zhiguo - 2012
We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles. Unverifiable idiosyncratic investment opportunities imply market prices to play a role of rent distribution, distorting private investment incentives from a social point of view....
Persistent link: https://www.econbiz.de/10013103789