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The paper investigates the impact of the Common Agricultural Policy (CAP) subsidies on farm total factor productivity (TFP) in the European Union (EU). We employ a structural semi-parametric estimation algorithm directly incorporating the effect of subsidies into a model of unobserved...
Persistent link: https://www.econbiz.de/10010880258
The coconut industry of North Sulawesi is dominated by a small number of products which are primarily exported from the province. Accordingly, demand for these products is generally very elastic. Conversely, the supply of coconuts is highly inelastic, especially in the short to medium-term....
Persistent link: https://www.econbiz.de/10010914781
In the October – December quarter of 2012, the business climate index declined to 4.5 points having recorded a score of 8 points in the previous (July – September) quarter. The deterioration of business environment perceptions emanated from elevated risks arising from the budget support...
Persistent link: https://www.econbiz.de/10010915589
Renewable Fuel Standard (RFS) aims to support investment in cellulosic biofuel refineries by mandating a floor on the … conceptual model to study the impact of RINs on stimulating investment in cellulosic biofuel refineries under a waivable mandate …. In a two-period framework, we compare the first-period investment level in three scenarios: (1) laissez-faire, (2) non …
Persistent link: https://www.econbiz.de/10009020376
-Push Theories, Monetary Economics, and Savings-Investment theories. Three factors emerged and were labelled as an Output Factor …
Persistent link: https://www.econbiz.de/10009441698
decision effects. Also, we do not find evidence that myopic markets lead to under-investment at the establishment level. On the …
Persistent link: https://www.econbiz.de/10009476643
It is commonly argued that a better investment climate reform – i.e., lower distortions in the institutional, policy …, we argue that effective State–Business Relations (SBRs) condition better investment climate outcomes and that the …
Persistent link: https://www.econbiz.de/10009352783
This work deals with the strongly debated issue of firm growth. A large dataset of Greek firms from various sectors is used, including economic and non-economic indices, to examine the role of several indicators and firm characteristics in economic performance. The period between 2002 and 2009...
Persistent link: https://www.econbiz.de/10010732428