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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
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
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
stage, cross country workers' efficiency is estimated using a bootstrapped DEA approach over the period of 1990-2000 for 78 … countries. In the second stage, the impact of institutions on these efficiency estimates is analyzed in a truncated bootstrapped …, bureaucratic inefficiencies, lax regulations and unfriendly business policies, tend to have a larger effect on workers efficiency …
Persistent link: https://www.econbiz.de/10012897423
. Therefore, this study aims to determine the impact of environmental efficiency (EE) on tourism export using the cross … environmental efficiency affects tourism export. Our purpose in analyzing this relationship is to offer insights that will help the …
Persistent link: https://www.econbiz.de/10015375736
investigate the main determinants of the TFP components: efficiency change (i.e. catching up) and technological progress (i …
Persistent link: https://www.econbiz.de/10014183890
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
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
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
We explore origin-destination forecasting of commodity flows between 15 Spanish regions, using data covering the period from 1995 to 2004. The one-year-ahead forecasts are based on a recently introduced spatial autoregressive variant of the traditional gravity model. Gravity (or spatial...
Persistent link: https://www.econbiz.de/10013098043