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expectation of achieving cost efficiency gains. This article examines whether theoretical expectations of cost efficiency gains … parameter frontier model, cost efficiency gains are found, particularly with a payment per patient case system. Payment systems …
Persistent link: https://www.econbiz.de/10009741029
refuses access to the data), I show its assumption of homogeneous technology cannot be maintained. Quantile regressions (QR … efficiency scores derived from stochastic frontier analysis. To correct for this heterogeneity in coefficients, I propose a …. This estimation has better goodness of fit, reduced variance of all coefficients, and higher efficiency scores for nearly …
Persistent link: https://www.econbiz.de/10011448121
. However, the standard cost frontier model yields biased efficiency scores because it ignores technological heterogeneity … between hospitals. In this paper, efficiency scores are derived from a random intercept and an extended random parameter … efficiency according to the standard model gain up to 12 percentage points, serving to highlight the importance of heterogeneity …
Persistent link: https://www.econbiz.de/10009741028
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
This paper investigates the link between competition and efficiency for the Hungarian corporate sector during various … estimated production functions indicate a gradual improvement in efficiency and a shift from decreasing to increasing returns to … efficiency of the firm. …
Persistent link: https://www.econbiz.de/10011545481
compared with the western region. Foreign direct investment (FDI) and information and communication technology (ICT) investment …
Persistent link: https://www.econbiz.de/10003323158
The efficiency of 119 electric cooperatives in the Philippines from 1990-2002 is analyzed using a stochastic frontier … model augmented with spatial-temporal terms, addressing the underestimation of technical efficiency usually encountered … included in the inefficiency equation provided that the spatial distance measure substantially captures the efficiency …
Persistent link: https://www.econbiz.de/10003781300
Technology-based ("FinTech") lenders increased their market share of U.S. mortgage lending from 2 percent to 8 percent … suggest that technological innovation has improved the efficiency of financial intermediation in the U.S. mortgage market. …
Persistent link: https://www.econbiz.de/10011795430
, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the … aggregate and sectoral gross domestic product is driven by input, without increasing efficiency in production or benefiting from … from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …
Persistent link: https://www.econbiz.de/10012432956
We propose a framework of optimal monetary policy where debt sustainability may, or may not, be a relevant constraint for the central bank. We show analytically that in each environment the optimal interest rate path consists of a Taylor rule augmented with forward guidance terms. These terms...
Persistent link: https://www.econbiz.de/10012420260