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Uncertainty and capacity constraints: Reconsidering the aggregate production function
Gracia, Eduard - In: Economics: The Open-Access, Open-Assessment E-Journal 5 (2011) 2011-19, pp. 1-50
The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, yet both its theoretical and empirical bases have long been under question. This paper builds an alternative function on very different (albeit also neoclassical) microfoundations aimed at both...
Persistent link: https://www.econbiz.de/10010307562
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The relationship among innovative output, productivity, and profitability: a test comparing USPTO and EPO data
Santarelli, Enrico; Lotti, Francesca - 2007
firm's ability to improve its productivity growth and profitability. The case study reported here concerns the … in which the dependent variable is alternatively (labor) productivity growth and profitability. Our findings show that … growth and profitability. This suggests that firms pursue different strategies when patenting with the USPTO and the EPO, and …
Persistent link: https://www.econbiz.de/10010263794
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Enhancing the innovation capability in dairy farms through knowledge sharing
Bin Ab Hamid, Kamal; Mahmood, Zeeshan - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 11 (2017) 1, pp. 90-105
are located in the Punjab region of Pakistan. For data analysis SMART PLS-SEM 3.00 was used. The results of this paper … contextual setting of Pakistan. This paper concludes that employees feel delighted in sharing knowledge for enhancing the …
Persistent link: https://www.econbiz.de/10011938541
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Entrepreneurship Capital and Economic Performance
Audretsch, David B.; Keilbach, Max - 2002
The neoclassical model of the production function, as applied by Robert Solow to build the neoclassical model of growth, linked labor and capital to output. More recently, Romer and others have expanded the model to include measures of knowledge capital. In this paper we introduce a new factor,...
Persistent link: https://www.econbiz.de/10010297675
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Potential output estimations for Hungary: A survey of different approaches
Benk, Szilárd; Jakab, Zoltán M.; Vadas, Gábor - 2005
This paper is a comprehensive analysis of Hungary's potential output. Since the concept of potential output is not unique, we present various interpretations of potential GDP, along with a large set of techniques for estimating it. Various estimates are presented and robustness analyses are...
Persistent link: https://www.econbiz.de/10010322392
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Driving factors of growth in Hungary - a decomposition exercise
Kátay, Gábor; Wolf, Zoltán - 2008
Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10010322437
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Forecasting Aggregate Productivity using Information from Firm-Level Data
Bartelsman, Eric J.; Wolf, Zoltan - 2009
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...
Persistent link: https://www.econbiz.de/10010325710
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Panel Data Estimates of the Production Function and Product and Labor Market Imperfections
Dobbelaere, Sabien; Mairesse, Jacques - 2009
Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...
Persistent link: https://www.econbiz.de/10010325978
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Technology as problem-solving procedures and technology as input-output relations: Some perspectives on the theory of production
Dosi, Giovanni; Grazzi, Marco - 2005
In this work, inspired by Winter (2006), in fact of vintage 1968, we discuss the relation between three different levels of analysis of technologies, namely as (i) bodies of problem-solving knowledge, (ii) organizational procedures, and (iii) input-output relations. We begin by arguing that the...
Persistent link: https://www.econbiz.de/10010328440
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Introducing environmental variables in nonparametric frontier models: A probabilistic approach
Daraio, Cinzia; Simar, Léopold - 2003
This paper proposes a general formulation of a nonparametric frontier model introducingexternal environmental factors that might influence the production process butare neither inputs nor outputs under the control of the producer. A representation isproposed in terms of a probabilistic model...
Persistent link: https://www.econbiz.de/10010328662