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91.
Micha? Jerzmanowski 《European Economic Review》2007,51(8):2080-2110
Recent development and growth accounting studies have established that total factor productivity is an important source of cross-country differences in income levels and growth rates. This paper makes two contributions. First, it examines the sensitivity of the development accounting results to the Cobb-Douglas specification of the production function. Second, within the Cobb-Douglas framework, it weighs evidence of the two alternative explanations of total factor productivity differences: the inefficiency view and the appropriate technology view. To accomplish these tasks, the world production frontier is estimated using a nonparametric deterministic approach known as data envelopment analysis. I find that the fraction of income differences explained by physical and human capital increases from 32% to 55% when departing from the Cobb-Douglas assumption. There is also evidence consistent with the appropriate technology view; countries with an inadequate mix of inputs are unable to access the most productive technologies. Moreover, the world technology frontier appears to be shifting out faster at input combinations close to that of the R&D leader. However, inefficiency appears to be the main explanation for low incomes throughout the world; it explains 43% of output variation in 1995, and its importance has increased over time. 相似文献
92.
93.
In this paper we analyze technological change in the Spanish economy by constructing adjusted Solow residuals, where the adjustment attempts to correct for the bias associated with the potential presence of imperfect competition, increasing returns, variable input utilization and, especially, sectoral reallocation of inputs across sectors. We refer to this modified Solow residual as a technology index. Sectoral reallocations and variable input utilization are key determinants of the differences between the aggregate Solow residual and the technology index resulting from the aggregation of estimated sectoral technological growth. We show that starting in the mid nineties, there has been a deceleration in the aggregate growth rate of technology which is basically due to the behaviour of the manufacturing sectors. Finally, our results imply that aggregate technology growth is less volatile than aggregate productivity as measured by the Solow residual. 相似文献
94.
In this paper, we aim to include rule making, implementation, monitoring and enforcement costs into the cost comparison of
policy instruments. We use a simple partial equilibrium model and apply it to the textile industry. The model includes discrete
abatement functions and costly monitoring and enforcement. The case study uses individual firm data to simulate the differences
in abatement costs and compliance decisions between firms. We compare combinations of regulatory instruments (emission taxes,
emission standards and technology standards) and enforcement instruments (criminal fines, civil fines and transaction offers).
We show that the inclusion of information, monitoring and enforcement costs indeed alters the relative cost efficiency of
the different instruments. 相似文献
95.
96.
Harald?Badinger Fritz?Breussfritz.breuss@wifo.ac.at" title="fritz.breuss@wu-wien.ac.at fritz.breuss@wifo.ac.at" itemprop="email" data-track="click" data-track-action="Email author" data-track-label="">Email author 《Empirica》2005,32(2):145-180
We estimate the pro-competitive effects of Austrias participation in the Single Market after its European Union (EU) accession in 1995 in terms of firms market power as measured by the Lerner index, using a sample of 46 industries and 7 industry groups, covering the period 1978–2001. In the framework of the markup estimation method suggested by Roeger (1995), we test for both an instantaneous structural break between 1993 and 1998 and also estimate logistic smooth transition models to take up the proposition that the regime shift is likely to have occurred gradually rather than as a big bang. In sum, the results provide no reason for being euphoric: Pronounced markup reductions were only found in three industry groups (mining and quarrying, wholesale and retail trade; financial services and real estate). At the more disaggregate level, the picture is mixed: Both increases and reductions in market power have been found. 相似文献
97.
We investigate the interplay between environmental policy, incentives to adoptnew technology, and repercussions on R&D. We study a model where a monopolistic upstream firm engages in R&D and sells advanced
abatement technology to polluting downstream firms. We consider four different timing and commitment regimes of environmental
tax and permit policies: ex post taxation (or issuing permits), interim commitment to a tax rate (a quota of permits) after
observing R&D success but before adoption, and finally two types of ex antecommitment before R&D activity, one with a unique tax rate (quota of permits), the other one with a menu of tax rates (permit
quotas). We study the second best tax and permit policies and rank these with respect to welfare. In particular, we find that
commitment to a menu of tax rate dominates all other policy regimes. 相似文献
98.
Synopsis It has been difficult to make progress in the study of ethnicity and nationalism because of the multiple confusions of analytic
and lay terms, and the sheer lack of terminological standardization (often even within the same article). This makes a conceptual
cleaning-up unavoidable, and it is especially salutary to attempt it now that more economists are becoming interested in the
effects of identity on behavior, so that they may begin with the best conceptual tools possible. My approach to these questions
has been informed by anthropological and evolutionary-psychological questions. I will focus primarily on the terms ‘ethnic
group’, ‘nation’, and ‘nationalism’, and I will make the following points: (1) so-called ‘ethnic groups’ are collections of
people with a common cultural identity, plus an ideology of membership by descent and normative endogamy; (2) the ‘group’
in ‘ethnic group’ is a misleading misnomer—these are not ‘groups’ but categories, so I propose to call them ‘ethnies’; (3) ‘nationalism’ mostly refers to the recent ideology that ethnies—cultural communities
with a self-conscious ideology of self-sufficient reproduction—be made politically sovereign; (4) it is very confusing to
use ‘nationalism’ also to stand for ‘loyalty to a multi-ethnic state’ because this is the exact opposite; (5) a ‘nation’ truly
exists only in a politician’s imagination, so analysts should not pretend that establishing whether something ‘really’ is
or is not ‘a nation’ matters; (6) a big analytic cost is paid every time an ‘ethnie’ is called a ‘nation’ because this mobilizes
the intuition that nationalism is indispensable to ethnic organization (not true), which thereby confuses the very historical
process—namely, the recent historical emergence of nationalism—that must be explained; (7) another analytical cost is paid
when scholars pretend that ethnicity is a form of kinship—it is not. 相似文献
99.
Market Structure and Risk Taking in the Banking Industry 总被引:1,自引:0,他引:1
We demonstrate that the common view according to which an increase in competition leads banks to increased risk taking fails to hold in an environment where homogeneous loss averse consumers can choose in which bank to make a deposit based on their knowledge of the riskiness incorporated in the banks outstanding loan portfolios. With an exclusive focus on imperfect competition we find that banks incentives for risk taking are invariant to a change in the banking market structure from duopoly to monopoly. Finally, we show that deposit insurance would eliminate the gains from bank competition when banks use asset quality as a strategic instrument.revised version received October 15, 2003 相似文献
100.