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More Is Better! What Can Firm-Specific Estimates of the Impact of Institutional Quality on Performance Tell Us?
Bhaumik, Sumon K.; Dimova, Ralitza; Kumbhakar, Subal C.; … - 2014
We introduce a novel approach to modeling the impact of institutional quality on firm performance. Our methodology enables us to estimate the marginal effect of institutional quality on TFP, factor inputs and output of each firm, which gives us within-country distributions of these effects and...
Persistent link: https://www.econbiz.de/10010329045
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Technical change and total factor productivity growth: the case of Chinese provinces
Heshmati, Almas; Kumbhakar, Subal C. - 2010
technology index based on the external economic factors which are indicators of 'technology'. Thus our definition of production …, these technology shifters allow for non-neutral shift in the production function. In doing so we are able to decompose …
Persistent link: https://www.econbiz.de/10010269407
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Bayesian approach to disentangling technical and environmental productivity
Malikov, Emir; Kumbhakar, Subal C.; Tsionas, Efthymios G. - In: Econometrics 3 (2015) 2, pp. 443-465
This paper models the firm's production process as a system of simultaneous technologies for desirable and undesirable … technology". By separating the production of undesirable outputs from that of desirable outputs, not only do we ensure that …
Persistent link: https://www.econbiz.de/10011755288
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Management Practice in Production
Triebs, Thomas; Kumbhakar, Subal C. - 2012
and indirectlyvia all factors of production, i.e., the productivity effect of management is non-neutral.Finally, we find …
Persistent link: https://www.econbiz.de/10010312060
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Productivity with General Indices ofManagement and Technical Change
Triebs, Thomas; Kumbhakar, Subal C. - 2012
We propose a model of production where technical change is both time and management induced. We define a general …
Persistent link: https://www.econbiz.de/10010312081
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Estimating Economies of Scale and Scope with Flexible Technology
Triebs, Thomas; Saal, David S.; Arocena, Pablo; … - 2012
Economies of scale and scope are typically modelled and estimated using cost functions that are common to all firms in an industry irrespective of whether they specialize in a single output or produce multiple outputs. We suggest an alternative flexible technology model that does not make this...
Persistent link: https://www.econbiz.de/10010312125
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal C. - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as … embedded into the production function in such a way that they can complement to different inputs. By estimating the generalized … production function, we get estimates of TC which is decomposed TC into a pure time component as well as several producer …
Persistent link: https://www.econbiz.de/10010280731
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Does institutional quality affect firm performance? Insights from a semiparametric approach
Bhaumik, Sumon K.; Dimova, Ralitza; Kumbhakar, Subal C.; … - 2012
Using a novel modeling approach, and cross-country firm level data for the textiles industry, we examine the impact of institutional quality on firm performance. Our methodology allows us to estimate the marginal impact of institutional quality on productivity of each firm. Our results bring...
Persistent link: https://www.econbiz.de/10010282584
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Financial sector development and productivity growth
Kumbhakar, Subal C.; Mavrotas, George - 2005
Recent years have witnessed important structural changes around the world as a result of the globalization process, the creation of new economic blocks and the liberalization of financial sector in many countries. Responding to these changes many sectors of the industrialized countries have gone...
Persistent link: https://www.econbiz.de/10010284620
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A General Model of Technical Change with an Application to the OECD Countries
Heshmati, Almas - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as … embedded into the production function in such a way that they can complement to different inputs. By estimating the generalized … production function, we get estimates of TC which is decomposed TC into a pure time component as well as several producer …
Persistent link: https://www.econbiz.de/10013119734