Narrow search
Showing 1 - 10 of 1,844
Cover Image
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
Cover Image
What determines the efficiency of regional innovation systems?
Fritsch, Michael; Slavtchev, Viktor - 2007
We assess the efficiency of regional innovation systems (RIS) in Germany by means of a knowledge production function. This function relates private sector research and development (R&D) activity in a region to the number of inventions that have been registered by residents of that region....
Persistent link: https://www.econbiz.de/10010263783
Cover Image
Russia's agriculture: eight years in transition - convergence or divergence of regional efficiency
Uvarovsky, Vladimir; Voigt, Peter - 2000
In this paper, we consider how Russian Agriculture has developed since the constitution of the Russian Federation. The analysis is based on Oblast level data of 75 territorial units during the period from 1993 to 1998 and is focusing on technical efficiency (TE), technological change, and (both...
Persistent link: https://www.econbiz.de/10010299457
Cover Image
Sectoral Technology and Structural Transformation
Herrendorf, Berthold; Herrington, Christopher; … - 2012
This paper assesses the importance for structural transformation of three features of sectoral technology: labor-augmenting technological progress, capital intensity, and substitutability between capital and labor. We estimate CES production functions for agriculture, manufacturing, and services...
Persistent link: https://www.econbiz.de/10010494521
Cover Image
Russischer Agrarsektor im Aufschwung? Eine Analyse der technischen und Skaleneffizienz der Agrarunternehmen
Stange, Henriette; Lissitsa, Alexej - 2003
Dieses Discussion Paper beschäftigt sich mit der Analyse der technischen und Skaleneffizienz russischer Agrarunternehmen im Transformationsprozess. Insbesondere wird hierbei der Einfluss der Faktoren Betriebsgröße, Rechtsform und Spezialisierung auf die Effizienz untersucht. Um die...
Persistent link: https://www.econbiz.de/10010299452
Cover Image
Distance to the Efficiency Frontier and FDI Spillovers
Peter, Klara Sabirianova; Svejnar, Jan; Terrell, Katherine - 2004
and Russia, have not been converging to the technological frontier set by foreign owned firms. In both countries, the … change from 1995-1997 to 1998-2000. However, the distance to the frontier is orders of magnitude greater in Russia than in …, in the Czech Republic this ?negative spillover? effect is diminished over time, whereas in Russia it continues to cause …
Persistent link: https://www.econbiz.de/10010262073
Cover Image
Potential output growth in several industrialised countries: a comparison
Cahn, Christophe; Saint-Guilhem, Arthur - 2007
In this paper, we present international comparisons of potential output growth among several economies —Canada, the euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States— for the period 1991-2004. The main estimates rely on a structural approach...
Persistent link: https://www.econbiz.de/10011604874
Cover Image
Can random coefficient Cobb-Douglas production functions be aggregated to similar macro functions?
Biørn, Erik; Skjerpen, Terje; Wangen, Knut R. - 2004
Parametric aggregation of heterogeneous micro production technologies is discussed. A four-factor Cobb-Douglas function with normally distributed firm specific coefficients and with log-normal inputs (which agrees well with the available data) is speciffied. Since, if the number of micro units...
Persistent link: https://www.econbiz.de/10010284475
Cover Image
The Matching Efficiency of Regional Labour Markets A Stochastic Production Frontier Estimation, France 1990-1995
Ibourk, Aomar; Maillard, Bénédicte; Perelman, Sergio; … - 2001
We evaluate the determinants of matching efficiency changes through a stochastic Cobb- Douglas production frontier model extended to allow the efficiency coefficient to depend on variables meant to capture workers and firms characteristics. We apply this methodology to examine regional...
Persistent link: https://www.econbiz.de/10010262546
Cover Image
Do stock option schemes affect firm technical inefficiency? Evidence from Finland
Mäkinen, Mikko - 2007
In this paper we study whether stock option schemes affect firm technical inefficiency. We estimate Cobb-Douglas stochastic production frontier models using a novel panel data set on the publicly listed Finnish firms in the manufacturing and ICT sectors over the period from 1992 to 2002. We find...
Persistent link: https://www.econbiz.de/10010285148