The measurement of government productivity poses a challenge for economists. The lack of a marketed output and the multidimensional nature of objectives for government agencies in particular make the measurement of productivity in government more difficult than in the business sector. This...

This article proposes a general empirical method for the estimation of marginal cost of individual firms. The new method employs the smooth coefficient model, which has a number of appealing features when applied to cost functions. The empirical analysis uses data from a unique sample from which...

National statistical agencies frequently assume very high geometric depreciation rates in order to capture the fact that computers are usually retired after 3 or 4 years of use. However, typically the service flow that a computer generates over its useful life is roughly constant, which...

This paper presents an empirical examination of firm characteristic determinants of the capital structure of a sample of 299 Irish small and medium sized firms (SMEs). Hypotheses formulated from pecking order and agency theories incorporating a financial growth life cycle approach are tested on...

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

The phenomenon of current financial market globalization is accompanied by increasing manifestation of the risks related to operations in the financial market. Therefore it can be considered that capital adequacy to operational risk is a current research topic whose purpose is to valuate its...

The paper presents a new framework to assess firm level heterogeneity and to study the rate and direction of technical change. Building on the analysis of revealed short-run production functions by Hildenbrand (1981), we propose the (normalized) volume of the zonotope composed by vectors-firms...

A cikk a tartós eszközök gazdasági értékcsökkenésének elméleti hátterét, valamint empirikus megragadásának egy lehetséges módját mutatja be a használt személygépkocsik piacának információi alapján. A tartós eszközök értékcsökkenésére a szerző a bennük...

A real wage rate is a nominal wage rate divided by the price of a good and is a transparent measure of how much of the good an hour of work buys. It provides an important indicator of the living standards of workers, and also of the productivity of workers. In this paper I set out the conceptual...

A startling fact of firm level productivity analysis is the large and persistent differences in both labour productivity and total factor productivity (TFP) between firms in narrowly defined sectoral classes. The competitiveness of an industry is potentially an important factor explaining this...