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We develop a general equilibrium model to study the historical contribution of TFP news to the U.S. business cycle. Hiring frictions provide incentives for firms to start hiring ahead of an anticipated improvement in technology. For plausibly calibrated hiring costs, employment gradually rises...
Persistent link: https://www.econbiz.de/10011822212
Most often, the competition authorities approve combinations based on the tradeoff between the expected efficiency … efficiency gains are actually achieved by the firms entering into consolidation in India, which experienced large number of … efficiency of the firms involved in mergers and acquisitions, separately for cross-border and domestic deals. …
Persistent link: https://www.econbiz.de/10010529467
In the paper we investigate relative productivity levels and decompose productivity change for European agriculture … between 2004 and 2013. More specifically (1) we contribute to the debate whether agricultural Total Factor Productivity (TFP … this respect between the OMS and NMS and across member states. Finally, our estimations support the productivity …
Persistent link: https://www.econbiz.de/10011538374
recent literature exposes variations in their efficiencies. To gain insights into these differences we split the efficiency … method to measure efficiency, we separate short-term (transient) and long-term (persistent) efficiency, while controlling for … unobserved institution specific heterogeneity. While the first term reflects the efficiency of the individual universities …
Persistent link: https://www.econbiz.de/10011729394
Persistent link: https://www.econbiz.de/10003996420
Persistent link: https://www.econbiz.de/10010359342
influence on productivity can be compensated by efficiency gains. The findings indicate an increase in real unit labor cost as a …This paper analyzes the productivity development in the German public theater sector for the seasons 1991 …/1992-2005/2006. Using a stochastic distance frontier approach that allows to decompose total factor productivity change into different …
Persistent link: https://www.econbiz.de/10003968709
The paper examines efficiency, productivity and scale economies in the U.S. property-liability insurance industry …. Productivity change is analyzed using Malmquist indices, and efficiency is estimated using data envelopment analysis (DEA). The … significant gains in total factor productivity, and there is an upward trend in scale and allocative efficiency. More diversified …
Persistent link: https://www.econbiz.de/10011892982