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The regression calculus of economic convergence and the contribution of the institutional factor
Iancu, Aurel; Pecican, Eugen Ștefan; Olteanu, Dan - 2010
This working paper aims to stress the role of the institutional capital and its components, as primary factors, in economic results at the national level, using adequate measurement indicators and econometric models. For this purpose, we analysed the following aspects: the definition of...
Persistent link: https://www.econbiz.de/10010529081
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The Impact of Capital Measurement Error Correction on Firm-Level Production Function Estimation
Lizal, Lubomir - 2012
, increasing returns cannot be rejected in some industries when the estimation is corrected for capital measurement error …
Persistent link: https://www.econbiz.de/10013111687
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Productivity convergence and economic growth : a frontier production function approach
Cornwell, Christopher Mark; Wächter, Jens-Uwe - 1999
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address this imbalance, we propose a methodology for analyzing productivity convergence based on frontier production functions. We examine whether departures from the frontier are...
Persistent link: https://www.econbiz.de/10010466016
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Bayesian comparison of production function-based and time-series GDP models
Osiewalski, Jacek; Wróblewska, Justyna; Makieła, Kamil - In: Empirical economics : a journal of the Institute for … 58 (2020) 3, pp. 1355-1380
Persistent link: https://www.econbiz.de/10012219593
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Imposing Curvature Conditions on Flexible Functional Forms for GNP Functions
Chapda Nana, Guy - 2012
This paper empirically investigates the implications of the imposition of convexity in output prices and concavity in factor endowments on flexible functional forms for the GNP function. Using macroeconomic data for Switzerland, we estimate the Translog and the Symmetric Normalized Quadratic...
Persistent link: https://www.econbiz.de/10013106823
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A multivariate unobserved components model to estimate potential output in the euro area : a production function based approach
Tóth, Máté - 2021
This paper builds an unobserved components model that combines a multivariate filter approach with a Cobb-Douglas production function. This combination allows potential output estimates to incorporate more economic structure than the traditional production function approach, while retaining the...
Persistent link: https://www.econbiz.de/10012429180
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Income and democracy: a comment on Acemoglu, Johnson, Robinson, and Yared (2008)
Gundlach, Erich (contributor); Paldam, Martin (contributor);  … - 2008
reveals the strong effect of income on democracy. -- Democracy ; modernization hypothesis ; fixed-effects estimation …Acemoglu, Johnson, Robinson, and Yared (2008) demonstrate that estimation of the standard adjustment model with country …-fixed and time-fixed effects removes the statistical significance of income as a causal factor of democracy. We argue that their …
Persistent link: https://www.econbiz.de/10003764592
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Are long-run output growth rates falling?
Li, Mengheng; Mendieta-Muñoz, Ivan - 2018
-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with …
Persistent link: https://www.econbiz.de/10011823990
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The performance of functional forms in the presence of technological change
Gagné, Robert; Ouellette, Pierre - 1997
Persistent link: https://www.econbiz.de/10000971084
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The Elasticity of Elasticity of Substitution Estimates : Is Anything Robust?
Young, Andrew T. - 2008
and GMM estimators utilizing (d) instruments that are tested for both relevance and exogeneity. Estimation in each of the … estimation with imposed cross-equation restrictions and quot;demand-shifterquot; instrumentation yields amp;#963; estimates that …
Persistent link: https://www.econbiz.de/10012726267