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Efficiency, productivity, and scale economies in the U.S. property-liability insurance industry
Cummins, John David; Xie, Xiaoying - 2011 - This draft: December 30, 2011
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
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Estimation of technical change and TFP growth based on observable technology shifters
Heshmati, Almas; Rashidghalam, Masoomeh - 2017
This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...
Persistent link: https://www.econbiz.de/10012098960
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International comparison of South African private hospital price levels
Lorenzoni, Luca; Roubal, Tomas - 2016
The health system in South Africa is unique in many ways. South Africa spends 41.8% of total health expenditures on private voluntary health insurance – more than any OECD country – but only 17% of the population – mostly high income citizens - can afford to purchase private insurance....
Persistent link: https://www.econbiz.de/10011578410
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The construction sector in Mozambique : an overview
Cruz, António S.; Fernandes, Francisco; Mafambissa, … - 2018
The construction sector value added in Mozambique grew at an average annual rate of 12.8 per cent in 1993-2015. Investment in the basic infrastructure of health, education, and housing improved families' and communities' living conditions. Investment in roads, communications, and office...
Persistent link: https://www.econbiz.de/10011913287
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Dynamic industry productivity measures : the case of thermal electricity generation by South Korean plants 2001-2008 and in Chinese regions 2000-2014
Førsund, Finn R.; Heshmati, Almas; Wang, Ke - 2018
A framework for applied production theory should focus on the crucial features of the industry to be studied. First of all, to be useful for a dynamic study, a distinction has to be made between the theoretical production possibilities before investment takes place and the actual empirical...
Persistent link: https://www.econbiz.de/10011925922
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Dynamic analysis of structural change and productivity measurement
Førsund, Finn R. (contributor);  … - 2008
A dynamic analysis of structural change is reviewed based on a vintage model of substitutability between inputs including capital before investment, but no substitution possibilities after investment, and ex post production possibilities characterised by fixed input coefficients. Key elements in...
Persistent link: https://www.econbiz.de/10003769956
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A sequential Malmquist-Luenberger productivity index
Oh, Donghyun; Heshmati, Almas - 2009
productivity are similar. Second, unlike in previous studies, the efficiency change is the main contributor to the earlier study … period, whereas the effect of technical change has prevailed over time. -- Efficiency change ; environmentally sensitive …
Persistent link: https://www.econbiz.de/10003859322
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Technical change and total factor productivity growth : the case of Chinese provinces
Heshmati, Almas; Kumbhakar, Subal - 2010
In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as...
Persistent link: https://www.econbiz.de/10003941555
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10009425734
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Econometric mediation analyses : identifying the sources of treatment effects from experimentally estimated production technologies with unmeasured and mismeasured inputs
Heckman, James J.; Pinto, Rodrigo - 2013
This paper presents an econometric mediation analysis. It considers identification of production functions and the sources of output effects (treatment effects) from experimental interventions when some inputs are mismeasured and others are entirely omitted.
Persistent link: https://www.econbiz.de/10009787343