Porter hypothesis suggests tougher environmental regulations could spur technological growth, leading to an increase in productivity of market outputs, simultaneously providing greater environmental protection. This study tests the Porter hypothesis in US agriculture using state level data from...

In this study, the nature and extent of efficiency and productivity growth in the US truckload (TL) carriers is investigated using non-parametric techniques. To analyse efficiency trends, a DEA window analysis is conducted on publicly available financial data with a representative sample of ten...

We present a dynamic model of factor demands based on a contemporary cost function and a dynamic version of Shepard's lemma. While making only very mild assumptions on expectations and technology, we are able to present a complete characterization of the factor demand system and the contemporary...

Nous présentons un modèle dynamique de demande de facteurs de production basé sur un comportement de minimisation de l'espérance des coûts cumulatifs actualisés. Sous des hypothèses peu restrictives sur les anticipations et la technologie, nous établissons une relation de dualité entre...

We present a dynamic model of factor demands based on expected discounted costs minimization. While making only very mild assumptions on expectations and technology, we are able to establish a duality relationship between contemporary factor demands and the technology, and we provide formula for...

Technological change is examined in a model of capital production to show that “creative destruction” can occur as an outcome of firm's optimizing behaviour, regardless of market structure. Capital systems are made up of components that are all necessary for each system to operate and each...

Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the US economy from 1953 to 1998. Avoiding potential estimation biases that have occurred in earlier studies and putting a high emphasis on the consistency of the data set, required by...

As we enter the 21st Century, technologies originally developed for defense purposes such as computers and satellite communications appear to have become a driving force behind economic growth in the United States. Paradoxically, almost all previous econometric models suggest that the largely...

This study analyzes the long-term evolution of the North American pulp and paper industry, and offers a new synthesis of the dynamic forces that spearheaded the expansion and transformation of this large manufacturing industry. The evolution of the North American pulp and paper industry between...

Using a normalized CES function with factor-augmenting technical progress, we estimate a supply-side system of the US economy from 1953 to 1998. Avoiding potential estimation biases that have occurred in earlier studies and putting a high emphasis on the consistency of the data set, required by...