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Investment and revenue cap under incentive regulation: The case study of the Norwegian electricity distributors

Zhang, Dengjun; Xie, Jinghua - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-11

Electricity distribution operators are regulated as monopolies around the world. Incentive regulation is further … applied to relate their allowed revenues (revenue cap) to cost efficiency and investment. Incentive regulation varies cross … distributors by incentive regulation. Using the long time series data, we evaluated the impact of the Norwegian regulation regimes …

Persistent link: https://www.econbiz.de/10011988807

Production Constraints and the NAIRU

Hall, Stephen G.; Driver, Ciaran F. - In: Economics: The Open-Access, Open-Assessment E-Journal 2 (2008) 2008-11, pp. 1-15

This paper argues that the production constraints in the basic NAIRU model should be distinguished by type: capital constraints and labour constraints. It notes the failure to incorporate this phenomenon in standard macro models. Using panel data for UK manufacturing over 80 quarters we show...

Persistent link: https://www.econbiz.de/10010295309

Bayesian treatments for panel data stochastic frontier models with time varying heterogeneity

Liu, Junrong; Sickles, Robin C.; Tsionas, E. G. - In: Econometrics 5 (2017) 3, pp. 1-21

This paper considers a linear panel data model with time varying heterogeneity. Bayesian inference techniques organized around Markov chain Monte Carlo (MCMC) are applied to implement new estimators that combine smoothness priors on unobserved heterogeneity and priors on the factor structure of...

Persistent link: https://www.econbiz.de/10011995241

German economy needs to invest more in knowledge capital

Belitz, Heike; Gornig, Martin - In: DIW Weekly Report 9 (2019) 31, pp. 247-253

The efficiency of the German economy is powered by its knowledge-intensive industrial and services sectors. Yet the use of knowledge capital to drive innovation and productivity in Germany is rather low compared to other European countries and the United States. Germany is clearly lagging...

Persistent link: https://www.econbiz.de/10012042164

Deutsche Wirtschaft muss mehr in ihr Wissenskapital investieren

Belitz, Heike; Gornig, Martin - In: DIW Wochenbericht 86 (2019) 31, pp. 527-534

Die Leistungsfähigkeit der deutschen Wirtschaft beruht auf ihren wissensintensiven Industrie- und Dienstleistungsunternehmen. Dennoch ist der Einsatz von Wissenskapital als wichtiger Treiber von Innovationen und Produktivität in Deutschland im Vergleich zu anderen europäischen Ländern und...

Persistent link: https://www.econbiz.de/10012051511

Produktivität der Unternehmen steigt mit mehr wissensbasiertem Kapital

Belitz, Heike; Le Mouel, Marie; Schiersch, Alexander - In: DIW Wochenbericht 85 (2018) 4, pp. 63-70

In Deutschland werden jährlich rund 200 Milliarden Euro in wissensbasiertes Kapital investiert, wie etwa Forschung und Entwicklung, Software und Datenbanken, Organisationskapital, Marketing und Werbung oder technisches Design. Deutlich mehr - über 320 Milliarden Euro - wird zwar immer noch in...

Persistent link: https://www.econbiz.de/10011789956

Company productivity increases with more knowledge-based capital

Belitz, Heike; Le Mouel, Marie; Schiersch, Alexander - In: DIW Weekly Report 8 (2018) 4/5, pp. 49-55

In Germany, around 200 billion euros are invested every year in knowledge-based capital, which encompasses assets such as research and development, software and databases, organizational capital, marketing and advertising, and technical design. Yet investments in traditional capital (such as...

Persistent link: https://www.econbiz.de/10011801162

Climate change and U.S. agriculture: Accounting for multidimensional slope heterogeneity in panel data

Keane, Michael P.; Neal, Timothy - In: Quantitative Economics 11 (2020) 4, pp. 1391-1429

We study potential impacts of future climate change on U.S. agricultural productivity using county-level yield and weather data from 1950 to 2015. To account for adaptation of production to different weather conditions, it is crucial to allow for both spatial and temporal variation in the...

Persistent link: https://www.econbiz.de/10013189744

A metafrontier analysis on the performance of grain-producing regions in Norway

Alem, Habtamu - In: Economies 9 (2021) 1, pp. 1-10

Previous application of the stochastic frontier model and subsequent measurement of the performance of the crop sector can be criticized for the estimated production function relying on the assumption that the underlying technology is the same for different agricultural systems. This paper...

Persistent link: https://www.econbiz.de/10013199748

Productive efficiency analysis of quantitative economics journals through stochastic frontier analysis using panel data

Gavilan Ruiz, José Manuel; Ortega Irizo, Francisco Javier - In: Revista de Métodos Cuantitativos para la Economía y … 30 (2020), pp. 297-311

The main goal of a scientific journal is to diffuse new knowledge. The number of citations received by a journal can be considered as a measure of this objective and, in turn, as a measure of productivity in relation to the production process in which the journals are involved. In order to...

Persistent link: https://www.econbiz.de/10014494407

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