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We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …
Persistent link: https://www.econbiz.de/10012780059
of an individual economy to determine the contribution of various inputs and the total factor productivity. The growth … to sharp losses in the total factor productivity growth. Furthermore, results of the econometrics study stress the …
Persistent link: https://www.econbiz.de/10014517023
We present in this paper the panel econometrics estimation approach of measuring the technical change and total factor … productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic … variances has been used for the estimation of the translog production functions. Two alternative formulations of technical …
Persistent link: https://www.econbiz.de/10003323158
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo … simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet's bias-corrected LSDV and GMM estimators …
Persistent link: https://www.econbiz.de/10013325234
In Lisbon the European Council proclaimed a European growth strategy. It considers an average economic "growth rate of around 3 percent as a realistic prospect for the coming years" and assigns public finances an important role in the process of achieving this goal. This paper addresses the...
Persistent link: https://www.econbiz.de/10013319727
We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....
Persistent link: https://www.econbiz.de/10014024246
This paper studies the evolution of long-run output and labour productivity growth rates in the G-7 countries during …-varying parameter models that incorporate both stochastic volatility and a Heckman-type two-step estimation procedure that deals with … productivity appears to be behind the slowdown in long-run GDP growth. …
Persistent link: https://www.econbiz.de/10011823990
Persistent link: https://www.econbiz.de/10012219593
European countries. We do so by estimating country-panel equations for mean life satisfaction that include trend and cyclical …
Persistent link: https://www.econbiz.de/10011951423
heterogeneous panel vector-autoregression model identified through factor analysis, to study the dynamic response of exports …
Persistent link: https://www.econbiz.de/10010247921