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Recent studies on oil market demonstrate endogeneity of oil price by modeling it as a function of consumption and precautionary demands and producers’ supply. However, studies analysing the effect of oil price uncertainty on investment, do not disentangle uncertainties raised by underlying...
Persistent link: https://www.econbiz.de/10011824182
In this paper, we analyze the development of public consumption expenditure in Austria starting in the 1940s. We focus …
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In this paper we provide firm-level evidence on the role of resource misallocation for total factor productivity … development in Austria. We apply the indirect approach of measuring misallocation via the dispersion in marginal products within … with evidence for Austria's main benchmark country and most important trading partner Germany. In line with the literature …
Persistent link: https://www.econbiz.de/10014279479
Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...
Persistent link: https://www.econbiz.de/10011544875
Several studies have highlighted information and communications technology (ICT) as a driver of firm productivity in … ultimately affect innovation and productivity in Uruguayan service firms compared to manufacturing firms. The results show that … productivity in services, but only ICT affects productivity in manufacturing. The absence of investment in ICT is associated with …
Persistent link: https://www.econbiz.de/10011472357
This paper uses the data envelopment analysis (DEA) based Malmquist productivity index to estimate total factor … productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … Indian manufacturing industries. The paper then analyses the factors explaining productivity growth, technical change and …
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