Results 101 to 110 of about 78,799 (235)
Asset Pricing and Risk‐Sharing Implications of Alternative Pension Plan Systems
The Journal of Finance, EarlyView.ABSTRACT We show that incorporating defined benefit pension funds in an incomplete markets asset pricing model improves its ability to match the historical equity premium and riskless rate and has important risk‐sharing implications. We document the importance of the pension fund's size and asset demands, and a new risk channel arising from ...
NUNO COIMBRA +3 more
wiley +1 more source
Labor-capital relations in the construction sector in Poland [PDF]
Urbanism. Arhitectura. Constructii, 2015 The aim of this paper is to estimate the Cobb-Douglas production function and the CES (constant elasticity of substitution) function for the construction sector in Poland. The period since 2002 is analyzed.
Krzysztof Drachal
doaj
STOCHASTIC FRONTIER ANALYSIS OF PRODUCTION FUNCTION AND COST FUNCTION ESTIMATION METHODS. STUDY OF EFFICIENCY AT INDUSTRY LEVEL [PDF]
This paper analyses the efficiency or productivity at the level of a production unit, but also at industry level, resorting for this purpose to both parametric and non-parametric techniques.
Iulian LIŢĂ, Tănase STAMULE
core
Carbon Pricing versus Green Finance
The Journal of Finance, EarlyView.ABSTRACT Green finance—including environmental, social, and governance investing and sustainable finance regulations—is widespread, but can it substitute for carbon pricing in fighting climate change? In a unified model, I show that (i) when carbon prices reflect the social cost of carbon, green finance should not be used; (ii) when carbon prices are ...
LASSE HEJE PEDERSEN
wiley +1 more source
Productivity effect and overuse of pesticide in crop production in China
Journal of Integrative Agriculture, 2015 Chinese farmers are often accused of overusing pesticides that play a crucial role in enhancing crop yield by reducing losses to crop pests. Pesticide overuse has caused a series of negative health and environmental externalities.
Chao ZHANG +3 more
doaj +1 more source
Technical Change as Exogenous or Endogenous Factor in the Production Function Models. Empirical Evidence from Romania [PDF]
As technical change is nowadays largely accepted to be an engine of economic growth, researchers have tried to include it explicitly in the economic growth models, either as an exogenous or endogenous factor of influence.
Goschin, Zizi, Zaman, Gheorghe
core
The Productivity Effect of Public–Private Partnership
The Journal of Industrial Economics, EarlyView.ABSTRACT Public–Private partnerships (PPPs) are often employed by public authorities to deliver infrastructure and public services through contracts bundling construction, operation, and maintenance over extended periods. Using a novel dataset covering the universe of Italian district heating plants (DHs) from 2007 to 2014, I show that PPP improves ...
Vincenzo Mollisi
wiley +1 more source
Functional Forms Used in CGE Models: Modelling Production and Commodity Flows [PDF]
Various well-known functional forms, such as the Cobb-Douglas function, the Leontief function and the Constant Elasticity of Substitution (CES) function, are used frequently in economic modelling.
Pauw, Kalie
core +1 more source
How the Threat of Knowledge Loss Drives Firms’ R&D Dynamism: A Threat Rigidity Perspective
Journal of Management Studies, EarlyView.Abstract Drawing on threat rigidity theory, this paper argues that the threat of knowledge loss gives rise to a threat rigidity effect in firms’ R&D function, that is, reduces their R&D dynamism. It further argues that the dampening of R&D dynamism is greater for firms more vulnerable to the threat of knowledge loss due to facing greater product market
Aman Asija, Dimo Ringov
wiley +1 more source
Modelling Corruption in a Cobb-Douglas Production Function Framework [PDF]
In this paper, we extend the Solow growth model to include corruption as a determinant of the multifactor productivity using a Cobb-Douglas production function framework. In addition to the classical components of any growth model (output, labor, capital)
Ahmadi-Esfahani, Fredoun Z., Farida, Moe
core +1 more source