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We develop a framework for analyzing "medium-runʺ departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking "directedʺ technical change) with a below-unitary substitution elasticity coupled with...
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We analyze a unique dataset that separately reports research and development expenditures for a large panel of public and private firms. We establish new empirical facts about how equity ownership status relates to innovation strategy and then compare these facts to equilibrium outcomes...
Persistent link: https://www.econbiz.de/10012846704
This paper investigates the determinants of profit change over the period 1991-2008 for the Water and Sewerage Companies (WaSCs) in the English and Welsh water and sewerage industry. We firstly apply an input oriented profit decomposition approach following the approach of De Witte & Saal...
Persistent link: https://www.econbiz.de/10010294274
companies (WaSCs) in England and Wales. We apply a panel index approach across WaSCs over time to decompose unit …-specific (temporal) index number based profitability growth as a function of the profitability, productivity and price performance growth … that the steady decline in average price performance, gains in productivity and relatively stable economic profitability …
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; Productivity ; Index Numbers ; DEA ; Regulation ; Water and Sewerage Industry …
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