Journal of Productivity Analysis最新文献

Constant returns-to-scale production technologies with fixed ratio inputs and outputs 固定投入产出比的恒定收益规模生产技术

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-08-23 DOI: 10.1007/s11123-024-00734-2

Ole Bent Olesen, Grammatoula Papaioannou, Victor V. Podinovski

引用次数: 0

Productivity, investment slowdown, and misallocation: evidence from Indian manufacturing 生产力、投资放缓和配置不当：印度制造业的证据

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-08-01 DOI: 10.1007/s11123-024-00730-6

Sarthak Basu, Subash Sasidharan

引用次数: 0

To chain or not to chain? measuring real GDP in the US and the choice of index number 美国实际 GDP 的测算与指数选择

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-07-29 DOI: 10.1007/s11123-024-00732-4

Nicholas Oulton

{"title":"To chain or not to chain? measuring real GDP in the US and the choice of index number","authors":"Nicholas Oulton","doi":"10.1007/s11123-024-00732-4","DOIUrl":"https://doi.org/10.1007/s11123-024-00732-4","url":null,"abstract":"National Statistical Institutes (NSIs) in advanced countries have generally adopted chain-linking in their national accounts. The United States uses a chained Fisher, an example of a superlative index number, in its national accounts. However the Fisher is only one of an infinite number of superlative index numbers. So an important issue is how sensitive are the estimates of output growth to the choice of index number. This issue is analysed by examining data from the BEA/BLS industry-level integrated production account, 1987–2020. Estimates of superlative and other index numbers are presented for this dataset. The sensitivity of real GDP growth to the value of the crucial parameter in a superlative index number is tested. The extent to which the desirable characteristics of value consistency and aggregation consistency are satisfied for different superlative index numbers is also analysed. The desirability of chain-linking does not follow automatically just from the use of superlative indices. So I also compare chained and unchained versions of these same index numbers. Finally, Europe uses a different approach to output measurement to the US, chained Laspeyres versus chained Fisher. I look at how different US estimates would be if they employed European methodology.","PeriodicalId":16870,"journal":{"name":"Journal of Productivity Analysis","volume":"104 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141870142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The inefficiency of courts of justice: industry structure, capacity and misallocation 法院的低效率：行业结构、能力和分配不当

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-07-25 DOI: 10.1007/s11123-024-00731-5

Antonio Peyrache, Angelo Zago

引用次数: 0

Approximations and inference for envelopment estimators of production frontiers 生产前沿包络估计器的近似和推论

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-07-02 DOI: 10.1007/s11123-024-00726-2

Cinzia Daraio, Léopold Simar

{"title":"Approximations and inference for envelopment estimators of production frontiers","authors":"Cinzia Daraio, Léopold Simar","doi":"10.1007/s11123-024-00726-2","DOIUrl":"https://doi.org/10.1007/s11123-024-00726-2","url":null,"abstract":"Nonparametric methods have been commonly used to assess the performance of both private and public organizations. Among them, the most popular ones are envelopment estimators such as Free Disposal Hull (FDH) or Data Envelopment Analysis (DEA), which estimate the attainable sets and their efficient boundaries by enveloping the cloud of observed units in the appropriate input-output space. However, these nonparametric envelopment techniques do not provide estimates of marginal products and other coefficients of economic interest. This paper presents a new approach that provides local estimates of all the desired partial derivatives and economic coefficients, which complement and complete the analysis based on nonparametric envelopment estimators. We improve nonparametric estimators by estimating nonparametrically smoothed efficient boundaries and providing derivatives and other coefficients without having to assume any parametric structure for the frontier and the inefficiency distribution. Our approach offers several advantages, such as a flexible nonparametric adjustment of the efficient frontier based on local linear models; a general multivariate efficiency model based on directional distances where one can choose the desired benchmark direction; the possibility of assessing the impact of external-environmental variables; a bootstrap-based statistical inference for deriving confidence intervals on the estimated coefficients for nonparametric and robust frontier approximations; the possibility of including factors aggregating inputs or outputs and recovering the estimated coefficients in the original units. To demonstrate the usefulness of the proposed approach, we provide an illustration in the field of education, where economic coefficients are important but the parametric assumptions have been questioned.","PeriodicalId":16870,"journal":{"name":"Journal of Productivity Analysis","volume":"138 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141516796","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Innovation strategies and firm performance 创新战略与企业绩效

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-07-01 DOI: 10.1007/s11123-024-00727-1

Peter Bogetoft, Lene Kroman, Aleksandrs Smilgins, Anders Sørensen

{"title":"Innovation strategies and firm performance","authors":"Peter Bogetoft, Lene Kroman, Aleksandrs Smilgins, Anders Sørensen","doi":"10.1007/s11123-024-00727-1","DOIUrl":"https://doi.org/10.1007/s11123-024-00727-1","url":null,"abstract":"Innovation is often seen as crucial for firm survival and as a way for firms to differentiate themselves from their rivals. However, innovation studies are vague about the actual importance of different innovation strategies. In this study, we distinguish between pure product, process, organizational, and marketing innovations and their combinations. We use a (balanced) panel data set with more than 15,000 firm-year observations for manufacturing firms to analyze the performance of firms with different innovation strategies. Additionally, we investigate from a societal perspective whether innovation facilitates less efficient firms to catch up, or whether firms already utilizing best practices are the main beneficiaries. Using Data Envelopment Analysis (DEA), we find the highest increase in firms’ performance among the firms with innovation strategies that combine product innovation with other innovation types. This finding applies to both the short and the longer term. We also conclude that catch-up is strongest among the firms adopting pure process innovation, whereas the other innovation strategies are primarily associated with frontiers shifts.","PeriodicalId":16870,"journal":{"name":"Journal of Productivity Analysis","volume":"79 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141509245","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The contribution of innovation to farm-level productivity 创新对农场生产率的贡献

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-06-25 DOI: 10.1007/s11123-024-00728-0

Parikoglou Iordanis, Emvalomatis Grigorios, Doris Läpple, Fiona Thorne, Michael Wallace

引用次数: 0

Efficiency in electricity distribution in Sweden and the effects of small-scale generation, electric vehicles and dynamic tariffs 瑞典配电效率以及小型发电、电动汽车和动态电价的影响

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-05-29 DOI: 10.1007/s11123-024-00724-4

Tommy Lundgren, Mattias Vesterberg

引用次数: 0

Efficient estimation of true fixed-effects stochastic frontier models 真实固定效应随机前沿模型的高效估算

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-05-28 DOI: 10.1007/s11123-024-00725-3

Ruggero Bellio, Luca Grassetti

引用次数: 0

“Wrong” skewness and endogenous regressors in stochastic frontier models: an instrument-free copula approach with an application to estimate firm efficiency in Vietnam 随机前沿模型中的 "错误 "偏度和内生回归因子：一种无工具共轭方法在越南企业效率估算中的应用

IF 1.6 4区经济学

Journal of Productivity Analysis Pub Date : 2024-04-03 DOI: 10.1007/s11123-024-00722-6

Rouven E. Haschka

{"title":"“Wrong” skewness and endogenous regressors in stochastic frontier models: an instrument-free copula approach with an application to estimate firm efficiency in Vietnam","authors":"Rouven E. Haschka","doi":"10.1007/s11123-024-00722-6","DOIUrl":"https://doi.org/10.1007/s11123-024-00722-6","url":null,"abstract":"Stochastic frontier models commonly assume positively skewed inefficiency. However, if the data speak against this assumption, sample-failure problems are often cited, but less attention is paid to economic reasons. We consider this phenomenon as a signal of distinctive population characteristics stemming from the inefficiency component, emphasizing its potential impact on evaluating market conditions. Specifically, we argue more generally that “wrong” skewness could indicate a lack of competition in the market. Moreover, endogeneity of model regressors presents another challenge, hindering the identification of causal relationships. To tackle these issues, this paper proposes an instrument-free estimation method based on Gaussian copulas to model the dependence between endogenous regressors and composite errors, while accommodating positively or negatively skewed inefficiency through simultaneous identification. Monte Carlo simulation experiments demonstrate the suitability of our estimator, comparing it with alternative methods. The contributions of this study are twofold. On the one hand, we contribute to the literature on stochastic frontier models by providing a comprehensive method for dealing with “wrong” skewness and endogenous regressors simultaneously. On the other hand, our contribution to an economic understanding of “wrong” skewness expands the comprehension of market behaviors and competition levels. Empirical findings on Vietnamese firm efficiency indicate that endogeneity hinders the detection of “wrong” skewness and suggests a lack of competitive market conditions. The latter underscores the importance of policy interventions to incentivize firms in non-competitive markets.","PeriodicalId":16870,"journal":{"name":"Journal of Productivity Analysis","volume":"207 1","pages":""},"PeriodicalIF":1.6,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140571242","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0