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Productivity, Welfare and Reallocation:Theory and Firm-Level Evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio - Boston College / Department of Economics - 2010
technology and market structure (…rms minimize costs and facecommon factor prices), we show that welfare change can be decomposed …
Persistent link: https://www.econbiz.de/10009302538
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Technical Change and Total Factor Productivity Growth:The Case of Chinese Provinces
Heshmati, Almas; Kumbhakar, Subal - Institut zur Zukunft der Arbeit <Bonn> - 2010
trend (purely externalnon-economic) as well as other exogenous (external economic) factors (technology shifters).We define … technology index based on the external economic factors which are indicators of‘technology’. Thus our definition of production … to producer specificexternal economic factors. These exogenous technology shifters are aggregated (via hedonicaggregator …
Persistent link: https://www.econbiz.de/10009360600
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Productivity, Welfare and Reallocation:Theory and Firm-Level Evidence
Basu, Susanto; Pascali, Luigi; Schiantarelli, Fabio; … - Institut zur Zukunft der Arbeit <Bonn> - 2009
does not properly measure technology) and makes it possible to calculatethe contributions of disaggregated units …-KLEMS) and firm-level (Amadeus) data. After adding furtherassumptions about technology and market structure (firms minimize costs … respectively technical change, aggregate distortions and allocative efficiency. Then,using the appropriate firm-level data, we …
Persistent link: https://www.econbiz.de/10009360614
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International Trade and its Effects onEconomic Growth in China
Sun, Peng; Heshmati, Almas - Institut zur Zukunft der Arbeit <Bonn> - 2010
International trade, as a major factor of openness, has made an increasingly significantcontribution to economic growth. Chinese international trade has experienced rapidexpansion together with its dramatic economic growth which has made the country to targetthe world as its market. This...
Persistent link: https://www.econbiz.de/10009360582
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Farm Technology and Technical Efficiency: Evidencefrom Four Regions in China
Chen, Zhuo; Huffman, Wallace E. - Iowa State University of Science and Technology <Ames, … - 2006
technical efficiency scores for each of the farms and then standardize them.Standardized technical efficiency is shown to have …
Persistent link: https://www.econbiz.de/10009360855
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Using Firm Optimization to Evaluate and Estimate Returns to Scale
Gorodnichenko, Yuriy - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
At the firm level, revenue and costs are well measured but prices and quantities are not. This paper shows that because of these data limitations estimates of returns to scale at the firm level are for the revenue function, not production function. Given this observation, the paper argues that,...
Persistent link: https://www.econbiz.de/10005860611
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Financing constraints, firm level adjustment of capital and aggregate implications
von Kalckreuth, Ulf - Deutsche Bundesbank <Frankfurt, Main> / … - 2008
Following a positive shock, financing constraints will prolong or impede economic expansionthat would have been optimal in an unconstrained environment. The study ofdynamic adjustment therefore offers a direct way of verifying the presence of financingconstraints and assessing their consequences...
Persistent link: https://www.econbiz.de/10005866180
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EXPLOITING SEQUENTIAL LEARNING TO ESTIMATEESTABLISHMENT-LEVEL PRODUCTIVITY DYNAMICS ANDDECISION RULES
Greenstreet, David - University <Oxford> / Department of Economics - 2007
This paper develops a sequential learning estimator of production functions and productivitydynamics for unbalanced establishment panels. Extending an idea from the literatureon dynamic industry models, establishments are uncertain about their own idiosyncraticproductivities and update...
Persistent link: https://www.econbiz.de/10005870144
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Portfolio choice and estimation risk - A comparison of Bayesian approaches to resampled efficiency
Herold, Ulf; Maurer, Raimond - 2002
introduced by Michaud (1998), resamplingefficiency. Michaud argues that the limitations of MV efficiency in practice generally … gap.Optimal portfolios based on the Bayes/Stein estimator and resampling efficiency are comparedin an empirical out …
Persistent link: https://www.econbiz.de/10005844554
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Sovereign rating transitions and the price of default risk in emerging markets
Audzeyeva, Alena; Schenk-Hoppé, Klaus Reiner - Institut für Schweizerisches Bankwesen <Zürich> - 2007
This paper introduces an expected value estimator with expert knowledge to the robust estimation of sovereign rating transitions which are characterised by few observations. Ourestimates of default premia within Mexican, Colombian and Brazilian Eurobond yield spreads provide a better fit than...
Persistent link: https://www.econbiz.de/10005858202