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Using Italian time series since 1861, we explore the evolution of living standards afterpolitical unification both at the national and at the territorial level. Firstly, we use univariate statistical analysis on homogeneous national time series. Secondly, we employ available homogeneous series...
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We use a stochastic frontier production model to estimate the technical efficiency of the 21 more industrialized countries in the world for the wide period from 1966 to 2007. A Cobb-Douglas function with labour and capital as inputs, GDP as output and an efficiency term with exponential...
Persistent link: https://www.econbiz.de/10010651589
The paper aims to examine the effects of service industry's growth on the productive structure of EU countries. The analysis, based on Eurostat data, is carried out to calculate economic indicators useful to compare the growth trend in manufacturing and tertiary sectors. Attention is paid to the...
Persistent link: https://www.econbiz.de/10011157535
In 1959, Penrose highlighted how the firm's organisation of economic activity is based on its perception about the adjustment of production to the market, more than on objective evaluation. So, he underlined not just the importance to identify the nature of the determinants of firm behaviour,...
Persistent link: https://www.econbiz.de/10011158172