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Author: R. J. Colwell
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Concepts in banking output and the empirical literature on bank productivity--which employs output concepts--are critically surveyed. Related issues concerning externalities from banking activity, which entail a deviation of private from social measures of banking output, are outlined. For output, the national accounts, production and intermediation approaches are compared. As regards productivity, both partial and total factor productivity measures and the DEA and parametric approaches to the latter are assessed. The externalities from banking are shown to include contributions to economic development, external economies of scale between institutions, and contagious effects of failures. Among the most striking results is the prevalence of technical inefficiency in banking. In addition, externality issues are rarely considered in combination nor assessed empirically. But more generally, it is also suggested that measurement techniques have often outpaced the theory of what is to be measured, notably in fields such as joint production, risk and competition. Alternative approaches to address these issues are suggested.
Author: R. J. Colwell
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Concepts in banking output and the empirical literature on bank productivity--which employs output concepts--are critically surveyed. Related issues concerning externalities from banking activity, which entail a deviation of private from social measures of banking output, are outlined. For output, the national accounts, production and intermediation approaches are compared. As regards productivity, both partial and total factor productivity measures and the DEA and parametric approaches to the latter are assessed. The externalities from banking are shown to include contributions to economic development, external economies of scale between institutions, and contagious effects of failures. Among the most striking results is the prevalence of technical inefficiency in banking. In addition, externality issues are rarely considered in combination nor assessed empirically. But more generally, it is also suggested that measurement techniques have often outpaced the theory of what is to be measured, notably in fields such as joint production, risk and competition. Alternative approaches to address these issues are suggested.
Author: Jaime De Melo
Publisher: World Bank Publications
ISBN:
Category : Exports
Languages : en
Pages : 47
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Book Description
A model for export- led growth that captures structural change, growth in productivity, and growth in the share of trade.
Author: R. J. Colwell
Publisher:
ISBN: 9780608079349
Category :
Languages : en
Pages : 38
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Book Description
Author: Eric J. Bartelsman
Publisher:
ISBN:
Category : Externalities (Economics).
Languages : en
Pages : 40
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Book Description
Author: David Canning
Publisher: World Bank Publications
ISBN:
Category : Capital
Languages : en
Pages : 20
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Book Description
"Of the major kinds of physical infrastructure, electricity generating capacity has roughly the same marginal productivity as physical capital as a whole. So have roads-plus-rail, globally and in lower-income countries. Telephones, however, and transport routes in higher-income countries, have higher marginal productivity than other kinds of capital"--Cover.
Author: R. J. Colwell
Publisher:
ISBN: 9781857300857
Category : Banks and Banking
Languages : en
Pages : 33
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Book Description
Author: Anastasios Xepapadeas
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Miguel Jimenez
Publisher: Routledge
ISBN: 1317512111
Category : Business & Economics
Languages : en
Pages : 197
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Book Description
This book presents several pieces of empirical work which disentangle why the standard measure of productivity growth used in macroeconomics turn out to be procyclical for American manufacturing industries. Procyclical productivity is an essential feature of business cycles because of its important implications for macroeconomic modelling. The author explains why traditional Keynesian theories of the business cycle do not explain satisfactorily why productivity is procyclical, and argues that the force of technology for generating economic cycles is much more important than that of the management or mismanagement of monetary or fiscal policies. This book is aimed at those working in empirical macroeconomics but also industrial economics.
Author: Cristiano Antonelli
Publisher: Edward Elgar Publishing
ISBN: 0857930826
Category : Technology & Engineering
Languages : en
Pages : 233
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Book Description
This book elaborates a new path dependent and localized growth theory based upon knowledge externalities by making two important contributions. Firstly, it elaborates the hypothesis that total factor productivity growth stems from pecuniary knowledge externalities that consist in the access to localized external knowledge, at costs that are below equilibrium levels. Secondly, it implements the economic analysis of complex dynamic systems with a novel approach to understanding the role of knowledge interactions and knowledge governance mechanisms in the generation of new technological knowledge within economic systems characterized by webs of interdependence.
Author: Parkash Chander
Publisher: Springer Science & Business Media
ISBN: 0387255346
Category : Business & Economics
Languages : en
Pages : 587
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Book Description
The 22 papers in this volume illustrate the itinerary of Henry Tulkens on the occasion of his retirement from teaching. The volume presents contemporary analysis of Tulkens’ classic papers on public sector economics. The collection is structured in four parts: I. Decentralized resource allocation processes for public and private goods - II. Environment, public goods and externalities - III. Efficiency analysis - IV. Fiscal competition and optimality.
