Similar Search Results

Technological Capability and Firm Efficiency in Taiwan (China).

Aw, B.Y.; Batra, G. - Department of Economics, Pennsylvania State University - 1998

This article highlights the importance of firms' own investments in technological capability. Recent research on the nature and extent of technical change in developing countries shows that the accumulation of technological capability should be treated not as a by-product but as an activity in...

Persistent link: https://www.econbiz.de/10005664212

Sources of output growth in the countries of the Common Monetary Area and the provinces of South Africa

Sahoo, Dukhabandhu; Sahoo, Auro Kumar; Behera, Jayanti; … - 2021

, have the potential to achieve growth through efficiency improvements and by adopting technology. Output growth in the … aggregate and sectoral gross domestic product is driven by input, without increasing efficiency in production or benefiting from … from shifts in technology. Countries experiencing input-driven growth in the secondary sector, such as Namibia and Eswatini …

Persistent link: https://www.econbiz.de/10012651102

Sources of output growth in the countries of the Common Monetary Area and the provinces of South Africa

Sahoo, Dukhabandhu; Sahoo, Auro Kumar; Behera, Jayanti; … - 2021

Persistent link: https://www.econbiz.de/10012432956

Distinguishing Technical and Scale Efficiency on Non-Convex and Convex Technologies: Theoretical Analysis and Empirical Illustrations.

Kerstens, K.; Vanden Eeckaut, P. - Center for Operations Research and Econometrics (CORE), … - 1998

This paper defines a decomposition of technical efficiency for a series of nonparametric deterministic reference … efficiency decomposition are illustrated with several data sets and contrasted with results based on the traditional, convex Data …

Persistent link: https://www.econbiz.de/10005478913

Parallel tempering for DSGE estimation

Brault, Joshua - 2024

In this paper, I develop a population-based Markov chain Monte Carlo (MCMC) algorithm known as parallel tempering to estimate dynamic stochastic general equilibrium (DSGE) models. Parallel tempering approximates the posterior distribution of interest using a family of Markov chains with tempered...

Persistent link: https://www.econbiz.de/10014563903

(Optimal) monetary policy with and without debt

Chafwehé, Boris; Oikonomou, Rigas; Priftis, Romanos; … - 2021

We propose a framework of optimal monetary policy where debt sustainability may, or may not, be a relevant constraint for the central bank. We show analytically that in each environment the optimal interest rate path consists of a Taylor rule augmented with forward guidance terms. These terms...

Persistent link: https://www.econbiz.de/10012619612

Behavioral learning equilibria in New Keynesian models

Hommes, Cars H.; Mavromatis, Kostas; Özden, Tolga; Zhu, Mei - 2022

We introduce behavioral learning equilibria (BLE) into a multi-variate linear framework and apply it to New Keynesian DSGE models. In a BLE, boundedly rational agents use simple but optimal first-order autoregressive (AR(1)) forecasting rules whose parameters are consistent with the observed...

Persistent link: https://www.econbiz.de/10014304189

On fiscal multipliers: Estimates from a medium scale DSGE model

Zubairy, Sarah - 2010

This paper contributes to the debate on fiscal multipliers, in the context of a structural model. I estimate a micro-founded dynamic stochastic general equilibrium model, that features a rich fiscal policy block and a transmission mechanism for government spending shocks, using Bayesian...

Persistent link: https://www.econbiz.de/10010279882

(Optimal) monetary policy with and without debt

Chafwehé, Boris; Oikonomou, Rigas; Priftis, Romanos; … - 2021 - Last updated: January 26, 2021

Persistent link: https://www.econbiz.de/10012420260

Power of tests in Binary Response Models.

Savin, N.E.; Wurtz, A. - Department of Economics, Tippie College of Business - 1996

Most hypotheses in binary response models are composite. The null hypothesis is usually that one or more slope coefficients are zero. Typically, the sequence of alternatives of interest is one in which the slope coefficients are increasing in absolute value. In this papar, we prove that the...

Persistent link: https://www.econbiz.de/10005233331