排序方式: 共有31条查询结果,搜索用时 15 毫秒
11.
Parametric Approaches to Productivity Measurement: A Comparison among Alternative Models 总被引:1,自引:0,他引:1
Subal C. Kumbhakar Almas Heshmati & Lennart Hjalmarsson 《The Scandinavian journal of economics》1999,101(3):405-424
This paper deals with modeling total factor productivity (TFP) growth in a flexible manner using panel data. Several competing parametric models are used to explore whether there are any similarities in the estimates of TFP growth and technical change among these models. Using a primal approach, we decompose TFP growth into different components. The models are then used to measure productivity and technical change in the Swedish cement industry. In general, the results are found to be model dependent and often conflicting, although much less so for returns to scale and overall productivity growth.
JEL classification: O 30; C 33 相似文献
JEL classification: O 30; C 33 相似文献
12.
Using four rounds (1999, 2002, 2005 and 2008) of the Korean Labor and Income Panel Study, the present paper examines determinants of household income and consumption levels and inequalities. Unconditional as well as conditional stochastic dominance tests are performed by year, by household heads’ characteristics (age, education, gender, health, marital status and occupation) and by household characteristics (household type, household size and degree of urbanization). Mean least squares regression techniques are used to predict conditional expectations. The residuals containing effects for each characteristic conditional on the remaining characteristics are then used for the stochastic dominance analysis employing extended Kolmogorov–Smirnov tests of first‐order and second‐order dominance in distribution of income and consumption. The results provide a detailed and up‐to‐date picture of inequality and poverty by subgroup in Korea, which helps in targeting particularly vulnerable groups. While inequality in disposable income is found to be substantial, consumption inequality is less substantial. Households headed by the elderly, the uneducated, the divorced, the widowed, females, and those with health problems are found to be the most vulnerable groups. 相似文献
13.
Effect of credit guarantee policy on survival and performance of SMEs in Republic of Korea 总被引:1,自引:1,他引:0
This study evaluates the effect of credit guarantee on SMEs at the firm level. To estimate the effect of credit guarantee,
we analyze relations between credit guarantee, the survival of guaranteed firms, and their productive performance. The result
indicates that credit guarantee frequency enabled guaranteed firms to achieve good performances in general. On the contrary,
the effect of guarantee amounts is ambiguous in that there is difference between the contemporary effect and the lagged effect.
Therefore, we conclude that credit guarantee satisfied partially its goal to alleviate SMEs’ difficulty in acquiring finance
and to stabilize employment.
相似文献
Almas HeshmatiEmail: Email: |
14.
Hiring and Separation Rates Before and after the Arab Spring in the Tunisian Labour Market 下载免费PDF全文
Almas Heshmati Ilham Haouas Kazi Sohag Muhammad Shahbaz 《The South African journal of economics. Suid-afrikaanse tydskrif vir ekonomie》2017,85(2):259-278
We seek to explore the hiring and separation rates in Tunisia before and after the Arab Spring based on quarterly business level data for 503 firms over the span of January 2007 to December 2012. Furthermore, we examine whether employers are willing to dismiss older workers to trigger an effective increase in mobility that will open new opportunities for the youth community. We build our analysis upon six main empirical models to study employment decisions reflected by major indicators such as the number of hiring, number of separations, total employment effects, male‐female ratio, age cohorts, labour mobility and net employment. The results show that the Arab Spring has created structural unemployment trends. In addition, we note that the 2008 global turmoil has fostered the firing level of employment. Our conclusions also indicate that the response of Tunisia's government to high unemployment rates caused by the financial meltdown in 2008 and the events in 2011 was not sufficient to remove the attached lingering effects that still distress the country's labour market. In addition, our findings emphasize the significant challenges faced by Tunisian youth that could be mitigated by efficient policy actions to incentivize training and development geared towards the private sector. 相似文献
15.
In this study we develop and describe a conceptual and methodological framework to measure technical and allocative efficiency
at the product level considering consumer choice, which encompasses overall efficiency. Empirically, we combined data envelopment
analysis and a discrete choice model in order to measure efficiency levels. The suggested framework is applied to the Korean
automobile market. The relationship between the level of efficiency and market performance is discussed in terms of market
share. 相似文献
16.
In this paper, we develop a model of dynamic capital structure choice based on a sample of Korean manufacturing firms and estimate the unobservable optimal capital structure using a wide range of observable determinants. Unbalanced panel data of Korean listed firms for the period 1985–2002 is used. In addition to identifying and estimating the effects of the determinants of capital structure, we take into consideration some Korea‐specific features, such as the structural break before and after the financial crisis and firms’ affiliation to chaebol business groups. Our results indicate that the optimal capital structure has been affected by the financial crisis. Although the results suggest that chaebol‐affiliated firms have higher optimal level of leverage and adjust their capital structure faster than non‐chaebol firms, firms’ leverage might be associated with factors other than chaebol‐affiliation, such as size, profitability and growth opportunity. 相似文献
17.
Abstract In this study, parametric and non-parametric methods are employed to measure the total factor productivity (TFP) growth in the Korean manufacturing industry from 1993 to 2003. The analysis period contains both periods before and after the Asian financial crisis. The TFP growth rate is decomposed into different components. Also different elasticities are reported. By classifying the results by period and classifying a number of time invariant firm characteristics, such as sector, size, and location of firms, we observe systematic heterogeneity for each characteristic. We discuss the underlying causal factors. The results from a non-parametric approach are also compared with those of a parametric approach. 相似文献
18.
Almas Heshmati 《Agricultural Economics》1994,11(2-3):171-189
In this paper, the estimation of production functions and measurement of the rate of technical change is performed when selectivity bias is expected. A sample selection model consisting of a selection and a regression equation is estimated using Heckman's two-stage method. It is discussed in the context of a production function where the underlying technology is represented by a translog functional form. For the regression, a random effects model with heteroscedastic variances is assumed. This model and an alternative conventional model retaining heteroscedasticity without considering selectivity bias are estimated using the Generalized Least Squares method. The data used are a large rotating panel data set from Swedish crop producers over the period 1976–1988. The empirical results from the comparison between these two models show that the introduction of heteroscedasticity and the integration of sample selection in the production relationship is important. The impact of a correction for selectivity bias on the results, in terms of input elasticities and returns to scale is found to be significant. 相似文献
19.
This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and flows of foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical analysis we use data from 23 major countries with heterogeneous economic development for the period 1976–99. Our causality test results suggest that there is a causal relationship from ICT to FDI in developed countries, which means that a higher level of ICT investment leads to an increase inflow of FDI. ICT may contribute to economic growth indirectly by attracting more FDI. Contrarily, we could not find significant causality from ICT to FDI in developing countries. Instead, we have partial evidence of opposite causality relationship: the inflow of FDI causes further increases in ICT investment and production capacity. 相似文献
20.
Since the financial crisis in Korea, by focusing on core technology, IT startups have played an important role in the recovery
of Korea’s economy through innovating technologies and creating new jobs. Even though there are many startups, it is not very
common to reach the point of the initial public offering (IPO) and the post-IPO performance of the firms is mostly declining.
Since it is rather difficult to apply conventional performance measures to very young firms, IPO has been used as a tool for
performance evaluation. This study adopts the IPO as an early-stage measure for the performance of high technology startups.
It is important to find out whether an earlier IPO of firms leads to a better performance and capability of firms. We investigate
the relationship between the time to IPO of firms and their post-IPO performance for 3 years after their IPO by adopting samples
of 79 information technology hardware firms founded after 1996 and listed between 2000 and 2004 in the KOSDAQ. Four determinant
factors, including entrepreneurs’ experience, venture capital investment, startups’ technology sourcing, and technology portfolios
which determine the firm’s time lag to getting to the IPO, are identified. The findings contain several results. First, the
patent has positive effects on the firms’ performance after an IPO and on the firms’ growth before the IPO. Second, a faster
technology acquisition via technology alliance has a positive influence on the firms’ IPO regardless of internal technologies.
Third, concentrating on core technology, instead of diversifying can mature the startup firms faster. These indicate that
a startup’s efficient initial strategy is critical for its performance and it enhances the credit and confidence of the market. 相似文献