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Voter involvement, fiscal autonomy and public sector efficiency: evidence from German municipalities
Geys, Benny; Heinemann, Friedrich; Kalb, Alexander - 2009
its efficiency – using a broad panel of German municipalities. Our results suggest that voter involvement indeed has a … positive impact on cost efficiency. Crucially, however, this efficiency-enhancing effect of voter involvement is significantly …
Persistent link: https://www.econbiz.de/10010307014
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Industry Competitiveness Indicators
Asmild, Mette; Baležentis, Tomas; Hougaard, Jens Leth - 2019
classic economic notion of structural efficiency. We here argue that it is crucial for policy analysis to be able to quantify …
Persistent link: https://www.econbiz.de/10012101075
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Efficiency of Ontario primary care physicians across payment models: A stochastic frontier analysis
Laberge, Maude; Wodchis, Walter P.; Barnsley, Jan; … - In: Health Economics Review 6 (2016) 22, pp. 1-10
efficiency of the primary care physician in Ontario, Canada. Methods: Survey data were collected from 183 self … frontier regression models were used to estimate efficiency scores and parameters for two separate outputs: the number of … analyses. The average efficiency was 0.72 for both outputs with scores varying from 4 % to 93 % for the visits and 5 % to 94 …
Persistent link: https://www.econbiz.de/10011803050
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Allocative Efficiency Measurement Revisited: Do We Really Need Input Prices?
Badunenko, Oleg; Fritsch, Michael; Stephan, Andreas - 2006
The traditional approach to measuring allocative efficiency is based on input prices, which are rarely known at the … firm level. This paper proposes a new approach to measure allocative efficiency which is based on the output …-oriented distance to the frontier in a profit – technical efficiency space – and which does not require information on input prices. To …
Persistent link: https://www.econbiz.de/10010260963
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Resurrecting weighted least squares
Romano, Joseph P.; Wolf, Michael - 2014
lead to large efficiency gains of the resulting weighted least squares (WLS) estimator over OLS even when the model for … reweighting the data is misspecified. Efficiency gains manifest in a first-order asymptotic sense and thus should be considered in …
Persistent link: https://www.econbiz.de/10011282509
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Empirical likelihood methods for an AR(1) process with ARCH(1) errors
Klüppelberg, Claudia; Peng, Liang - 2006
For an AR(1) process with ARCH(1) errors, we propose empirical likelihood tests for testing whether the sequence is strictly stationary but has infinte variance, or the sequence is an ARCH(1) sequence or the sequence is an iid sequence. Moreover, an empirical likelihood based confidence interval...
Persistent link: https://www.econbiz.de/10010266155
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The employment effects of innovations in high-tech industries
Coad, Alexander; Rao, Rekha - 2007
The issue of technological unemployment receives perennial popular attention. Although there are previous empirical investigations that have focused on the relationship between innovation and employment, the originality of our approach lies in our choice of method. We focus on four 2-digit...
Persistent link: https://www.econbiz.de/10010266709
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Optimal designs for testing the functional form of a regression via nonparametric estimation techniques
Biedermann, Stefanie; Dette, Holger - 2000
For the problem of checking linearity in a heteroscedastic nonparametric regression model under a fixed design assumption we study maximin designs which maximize the minimum power of a nonparametric test over a broad class of alternatives from the assumed linear regression model. It is...
Persistent link: https://www.econbiz.de/10010316570
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The Micro Dynamics of Macro Announcements
Mittnik, Stefan; Robinzonov, Nikolay; Wohlrabe, Klaus - 2013
We examine how regularly scheduled macroeconomic announcements for the U.S., Germany and the euro area affect the German stock market, using high-frequency, minute-by-minute DAX data. Our study extends the literature on high-frequency announcement effects in several ways. First, we account for...
Persistent link: https://www.econbiz.de/10010323014
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Resurrecting weighted least squares
Romano, Joseph P.; Wolf, Michael - 2016
This paper shows how asymptotically valid inference in regression models based on the weighted least squares (WLS) estimator can be obtained even when the model for reweighting the data is misspecified. Like the ordinary least squares estimator, the WLS estimator can be accompanied by...
Persistent link: https://www.econbiz.de/10011663166