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The Matching Efficiency of Regional Labour Markets. A Stochastic Production Frontier Estimation, France 1990-1995.

Ibourk, A.; Maillard, B.; Perelman, S.; Sneessens, H.R. - Centre de Méthodes Quantitatives et Operations … - 2001

We evaluate the determinants of matching efficiency changes through a stochastic Cobb-Douglas production frontier model extended to allow the efficiency coefficient to depend on variables meant to capture workers and firms characteristics.

Persistent link: https://www.econbiz.de/10005634457

Evolution with Mutations Driven by Control Costs.

Van Damme, E.; Weibull, J.W. - Institutet för Näringslivsforskning (IFN) - 1998

Bergin and Lipman (1996) show that the refinement effect from the random mutations in the adaptive dynamics in Kandori, Mailath and Rob (1993) and Young (1993) is due to restrictions on how these mutation rates vary across population states. We here model these mutation rates as endogenously...

Persistent link: https://www.econbiz.de/10005670119

Provincial Credit Rating in Canada: An Ordered Probit Analysis.

Cheung, S. - Bank of Canada - 1996

The author estimates the relationship between the provincial credit ratimgs, as assessed by Standard & Poor' and a number of economic variables, using the ordered probit methodology.

Persistent link: https://www.econbiz.de/10005673291

Testing the Proportional Odds Model under Random Censoring.

Dauxois, J.Y.; Kirmani, S.N.U.A. - 2001

In practical applications, it is not uncommon for the hazard functions obtained for two groups to converge with time. We develop a procedure for testing the proportional odds assumption when the available data consists of two independent random samples of randomly right censored lifetimes.

Persistent link: https://www.econbiz.de/10005780745

Modelling Winners and Losers in Contingent Valuation of Public Goods Appropriate Welfare Measures and Economic Analysis.

Clinch, P.; Murphy, A. - School of Economics, University College Dublin - 1998

This has demonstrated the rationale for allowing for winners and losers contingent valuation. In addition, it has shown how appropriate measures of welfare gains as well as loses can be elicited in dichotomous choice contingent valuation.

Persistent link: https://www.econbiz.de/10005783295

The price-quantity decomposition of capital values revisited: Framework and examples

Biørn, Erik - 2014

The often discussed problems of aggregating tangible capital assets across vintages and of decomposing value aggregates into quantity and price aggregates are revisited. For stock values and service flow values, some new results are given, and illustrated by examples, along with...

Persistent link: https://www.econbiz.de/10011335591

A Generalized Exactly Additive Decomposition of Aggregate Labor Productivity Growth

Dumagan, Jesus C. - 2011

Aggregate labor productivity (ALP) growth - i.e., growth of output per unit of labor - may be decomposed into additive contributions due to within-sector productivity growth effect, dynamic structural reallocation effect (Baumol effect), and static structural reallocation effect (Denison effect)...

Persistent link: https://www.econbiz.de/10011421209

Consistent GDP Aggregation and Purchasing Power Parity

Dumagan, Jesus C. - 2012

Consistent aggregation ensures that real GDP level and growth do not change as the existing GDP components are merely … rearranged. Otherwise, level or growth changes are spurious. This paper proposes a framework for consistent aggregation where … consistent in aggregation although the Fisher formula is inconsistent. Moreover, PPP implications on GDP measurement for some …

Persistent link: https://www.econbiz.de/10011421251

Cross-sectional heterogeneity and the persistence of aggregate fluctuations

Michelacci, Claudio - 1998

A well-known fact in the time series of aggregate output is the persistence of shocks. This paper argues that the empirical relation between the expected growth rate of a firm and its size provides a microfoundation of aggregate persistence. In fact, the empirical evidence claims that small...

Persistent link: https://www.econbiz.de/10011608446

The Norwegian productivity puzzle - not so puzzling after all?

von Brasch, Thomas - 2015

The Norwegian productivity puzzle is rooted in three seemingly contradictory "facts": First, Norway is one of the most productive OECD countries. Second, Norway has experienced high growth in productivity. Third, Norway has a relatively low level of R&D intensity. In this article, I show that...

Persistent link: https://www.econbiz.de/10011968566