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What is behind the weakness in global investment?
Leboeuf, Maxime; Fay, Bob - 2016
The recovery in private business investment globally remains extremely weak more than seven years after the financial crisis. This paper contributes to the ongoing policy debate on the factors behind this weakness by analyzing the role of growth prospects and uncertainty in explaining...
Persistent link: https://www.econbiz.de/10011422052
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US banks efficiency after global financial crisis : transient and persistent decomposition
Ferrara, Giancarlo; Kounetas, Konstantinos - 2021
significant supervisory and regulatory reforms affecting banks efficiency performance. We offer new insights investigating overall … that persistent efficiency seems to be more important for both specifications, as it accounts for 32\% (for the production …
Persistent link: https://www.econbiz.de/10013219779
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Efficiency analysis of Lloyd’s Syndicates : a comparison of DEA and SFA approaches
Nektarios, Milton; Xenos, Panos; Nektarios, George; … - In: Spoudai : journal of economics and business 65 (2015) 1/2, pp. 27-46
This paper evaluates the efficiency of the twenty-one largest Syndicates of Lloyd's of London. Members of Lloyd's of … 2004 and 2011. Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA) are used to estimate the efficiency …, that the average annual efficiency estimates for all Syndicates are plausible and they follow three-year cycles. Secondly …
Persistent link: https://www.econbiz.de/10011300255
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Ownership Forms Matter for Airport Efficiency : A Stochastic Frontier Investigation of Worldwide Airports
Oum, Tae-Hoon; Yan, Jia; Yu, Chunyan - 2008
We study the effects of ownership forms on airports' cost efficiency by applying stochastic frontier analysis to a … airports would improve the efficiency of all airports …
Persistent link: https://www.econbiz.de/10014217775
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Entry into New Pharmaceutical Submarkets : The Role of Submarket Concentration
Amisano, Gianni - 2014
Using a reduced form binary econometric model, we analyze the determinants of pharmaceutical companies entry decisions into new submarkets. Our sample includes data for pharmaceutical companies over the period 1987-1998 for seven countries. Estimation is done both at the aggregate level and at a...
Persistent link: https://www.econbiz.de/10012708979
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Private Saving. New Cross-Country Evidence Based on Bayesian Techniques
Hernando, Ignacio - 2018
The existing literature exhibits high uncertainty over the theoretical and empirical determinants of private world saving. This paper reports new evidence on the drivers of private saving by applying Bayesian techniques, using data from the world's 35 largest economies in the period 1980-2012....
Persistent link: https://www.econbiz.de/10012928648
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TFP Growth and Commodity Prices in Emerging Economies
Kataryniuk, Iván - 2017
In this paper we aim at empirically testing cross-country impacts of commodity price shocks to aggregate TFP growth for a sample of emerging economies. Under a growth accounting framework, we estimate country-specific TFP growth (1992-2014) and select the attendant robust determinants by means...
Persistent link: https://www.econbiz.de/10012960331
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The Analysis of the Impact of Regulatory Environment on the Pace of Economic Growth of the World Countries According to the Bayesian Model Averaging
Próchniak, Mariusz; Witkowski, Bartosz - 2013
The study examines the relationship between the regulatory variables and economic growth on the basis of Bayesian model pooling applied to Blundell and Bond’s GMM system estimator. The areas of regulations (institutions) are measured by the following indicators: index of economic freedom,...
Persistent link: https://www.econbiz.de/10014150807
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The Determinants of VAT Introduction : A Spatial Duration Analysis
Cizek, Pavel - 2012
The spatial survival models typically impose frailties, which characterize unobserved heterogeneity, to be spatially correlated. This specification relies highly on a predeterminate covariance structure of the errors. However, the spatial effect may not only exist in the unobserved errors, but...
Persistent link: https://www.econbiz.de/10013101369
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Growth Empirics in Panel Data Under Model Uncertainty and Weak Exogeneity
Moral-Benito, Enrique - 2013
This paper considers panel growth regressions in the presence of model uncertainty and reverse causality concerns. For this purpose, my econometric framework combines Bayesian Model Averaging with a suitable likelihood function for dynamic panel models with weakly exogenous regressors and fixed...
Persistent link: https://www.econbiz.de/10013089196