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The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply this new framework to investments in the electricity sector. In particular, a real options model is used to assess the adoption decision of particular technologies under...
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A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined …
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quantity of education. The new measure has a strong link to productivity with the potential for productivity gains being much … education policy (pre-primary education) on human capital and productivity to demonstrate the usefulness of the new measure for …
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This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests …
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