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The paper discusses Bayesian productivity analysis of 27 EU Member States, USA, Japan and Switzerland. Bayesian Stochastic Frontier Analysis and a twostage structural decomposition of output growth are used to trace sources of output growth. This allows us to separate the impacts of capital...
Persistent link: https://www.econbiz.de/10010942473
-time dynamic panel relationship between growth rates and initial levels of income as well as endowments of physical, knowledge and … step uses the club assignments in a dynamic space-time panel data model to assess long-run dynamic direct and spillover …
Persistent link: https://www.econbiz.de/10010740365
Persistent link: https://www.econbiz.de/10010742057
relationships involving spatial data samples comprise the broad topic covered by spatial econometrics. Like any subdiscipline …, spatial econometrics has its quirks, many of which reflect influential past literature that has gained attention in both …
Persistent link: https://www.econbiz.de/10010960051
This paper considers the problem of model uncertainty associated with variable selection and specification of the spatial weight matrix in spatial growth regression models in general and growth regression models based on the matrix exponential spatial specification in particular. A natural...
Persistent link: https://www.econbiz.de/10010711710
countries, respectively. This panel-based bottom-up approach to output growth suggests that structural change will affect the …
Persistent link: https://www.econbiz.de/10008540458
Nordhaus (2008) has developed a testing strategy for what he calls ‘Baumol’s diseases’, by which name he designates a number of by-products of structural change that are unwanted from an economic policy perspective. He finds that the U.S. economy is strongly affected by the ‘diseases’....
Persistent link: https://www.econbiz.de/10008545876
Differences in productivity across regions have been mainly attributed to agglomeration economies, technology and human capital, while almost no evidence has been provided on the role of internationalization. In this paper we build unique measures of outward and inward foreign direct investment...
Persistent link: https://www.econbiz.de/10008852770
Nordhaus (2008) has developed a testing strategy for what he calls "Baumol's diseases", by which name he designates a number of by-products of structural change that are unwanted from an economic policy perspective. He finds that the U.S. economy is strongly affected by the "diseases". This...
Persistent link: https://www.econbiz.de/10008642181
-2000. In particular, a set of Cobb-Douglas production functions is estimated using panel techniques and allowing for … heterogeneity across regions. Moreover, on the basis of speci…c panel tests, the paper shows that there is em- pirical evidence … which suggests the presence of unit roots in the series and panel cointegration tests are applied to guard against spurious …
Persistent link: https://www.econbiz.de/10005049519