In this paper we use the Kumar and Russell [American Economic Review (2002) Vol. 92, pp. 527–548] growth-accounting procedure to examine cross-country growth during the 1990s. Using a data set comprising developed, newly industrialized, developing and transitional economies, we decompose the...

This study questions the popular stereotype that women are more risk averse than men in their investment decisions. The analysis is based on micro-level data from large-scale surveys of private households in five European countries. We enrich the conventional approach to examination of gender...

The paper investigates the motives of Private Equity (PE) investors to engage in European companies. Investment of a PE firm is not viewed unambiguously. First, it is claimed that PE investing is made for the sake of poor redistribution of wealth. Second, PE firm invests because of prior...

B<sc>adunenko</sc> O. and R<sc>omero-</sc>Á<sc>vila</sc> D. Productivity growth across Spanish regions and industries: a production-frontier approach, <italic>Regional Studies</italic>. This paper decomposes labour productivity growth into components attributable to technological change, technological catch-up, capital deepening and...

In this paper we compare two flexible estimators of technical efficiency in a cross-sectional setting: the nonparametric kernel SFA estimator of Fan, Li and Weersink (1996) to the nonparametric bias corrected DEA estimator of Kneip, Simar andWilson (2008). We assess the finite sample performance...

We employ data envelopment analysis (DEA) methods to construct the world production frontier, which is in turn used to decompose (labor) productivity growth into components attributable to technological change (shift of the production frontier), efficiency change (movements toward or away from...