952 resultados para Stochastic Frontier Production Function
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Includes bibliography
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Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)
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Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)
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Includes bibliography.
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This article applies the stochastic-frontier model to examine total factor productivity (tfp) and its components in Latin America between 1960 and 2010. The likelihood-ratio test shows that, for a selection of Latin American countries over the 50 years analysed, the macroeconomic variables of technical inefficiency included in the model generally have a significant effect; and they allow for a better understanding of technical inefficiency throughout the region. The key variables explaining technical inefficiency in the selected countries are public expenditure and the inflation rate; and there is also an inverse relation between technical inefficiency and the extent to which local prices diverge from purchasing power parity.
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Um experimento de campo com diferentes níveis de irrigação e nitrogênio foi conduzido no Centro de Ciências Agrárias da Universidade Federal de Alagoas com o objetivo de determinar a função de produção e as isoquantas de produtividade agrícola da cana-de-açúcar com base nas lâminas de irrigação e doses de nitrogênio (N). A precipitação pluvial efetiva durante o ciclo de produção foi 1.037 mm e a lâmina de irrigação bruta máxima foi 873 mm. A produtividade agrícola ficou entre 118 e 188 Mg ha-1, média de 160 Mg ha-1. Na isoquanta da produtividade agrícola média da cana-de-açúcar, a taxa marginal de substituição de água por N é 0,36 kg mm-1 (na interseção das retas de 25 kg de N ha-1 e 760 mm de irrigação) e infinita (na interseção das retas de 125 kg de N ha-1 e 390 mm de irrigação). A quantidade de água e nitrogênio de menor custo para produzir 160 Mg ha-1 foi 390 mm de irrigação e 112 kg de N ha-1. A regressão polinomial de segundo grau apresentou ajuste médio (r2 = 62%) para a produtividade agrícola em relação às lâminas de irrigação e doses de nitrogênio. A resposta da cana-de-açúcar à adubação nitrogenada aumenta em proporção direta com disponibilidade hídrica do solo.
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This paper addresses the effects of bank competition on the risk-taking behaviors of banks in 10 Latin American countries between 2003 and 2008. We conduct our empirical approach in two steps. First, we estimate the Boone indicator, which is a measure of competition. We then regress this measure and other explanatory variables on the banking "stability inefficiency" derived simultaneously from the estimation of a stability stochastic frontier. Unlike previous findings, this paper concludes that competition affects risk-taking behavior in a non-linear way as both high and low competition levels enhance financial stability, while we find the opposite effect for average competition. In addition, bank size and capitalization are essential factors in explaining this relationship. On the one hand, the larger a bank is, the more it benefits from competition. On the other hand, a greater capital ratio is advantageous for banks that operate in collusive markets, while capitalization only enhances the stability of larger banks under high and average competition. These results are of extreme importance when considering bank regulations, especially in light of the recent turmoil in the global financial markets. (C) 2012 Elsevier B.V. All rights reserved.
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Although several studies have been conducted to evaluate the uniformity of water application under center pivot irrigation systems, there are few studies concerning the economic perspective of such coefficient. The aim of this study is to present a methodology to accomplish an economic analysis as support for the decision-making to retrofit emitters in center pivot irrigation systems, and to attribute an economic meaning to the uniformity coefficient of water application taking into account the response function productivity to the amount of water applied and the sale price of the crops. In the hypothetic calculation example considering the variation of revenue of potato crop under center pivot irrigation system, it was verified that the area with uniformity coefficient of water application of 90% brought an income increase of BR$ 1,992.00, considering an area about 1,0 ha. Thus, it can be concluded that the methodology presented has met the objectives proposed in the study and made it possible to attribute an economical meaning to the coefficient of water uniformity application.
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Intangible resources have raised the interests of scholars from different research areas due to their importance as crucial factors for firm performance; yet, contributions to this field still lack a theoretical framework. This research analyses the state-of-the-art results reached in the literature concerning intangibles, their main features and evaluation problems and models. In search for a possible theoretical framework, the research draws a kind of indirect analysis of intangibles through the theories of the firm, their critic and developments. The heterodox approaches of the evolutionary theory and resource-based view are indicated as possible frameworks. Based on this theoretical analysis, organization capital (OC) is identified, for its features, as the most important intangible for firm performance. Empirical studies on the relationship intangibles-firm performance have been sporadic and have failed to reach firm conclusions with respect to OC; in the attempt to fill this gap, the effect of OC is tested on a large sample of European firms using the Compustat Global database. OC is proxied by capitalizing an income statement item (Selling, General and Administrative expenses) that includes expenses linked to information technology, business process design, reputation enhancement and employee training. This measure of OC is employed in a cross-sectional estimation of a firm level production function - modeled with different functional specifications (Cobb-Douglas and Translog) - that measures OC contribution to firm output and profitability. Results are robust and confirm the importance of OC for firm performance.
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In the thesis I exploit an empirical analysis on firm's productivity. I relate the efficiency at plant level with the input market features and I suggest an estimation technique for production function that takes into account firm's liquidity constraints. The main results are three. When I consider services as inputs for manufacturing firm's production process, I find that more competition in service sector affects positively plants productivity and export decision. Secondly liquidity constraints are important for the calculation of firm's productivity because they are a second source of firm's heterogeneity. Third liquidity constraints are important for firm's internationalization
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Besides its primary role in producing food and fiber, agriculture also has relevant effects on several other functions, such as management of renewable natural resources. Climate change (CC) may lead to new trade-offs between agricultural functions or aggravate existing ones, but suitable agricultural management may maintain or even improve the ability of agroecosystems to supply these functions. Hence, it is necessary to identify relevant drivers (e.g., cropping practices, local conditions) and their interactions, and how they affect agricultural functions in a changing climate. The goal of this study was to use a modeling framework to analyze the sensitivity of indicators of three important agricultural functions, namely crop yield (food and fiber production function), soil erosion (soil conservation function), and nutrient leaching (clean water provision function), to a wide range of agricultural practices for current and future climate conditions. In a two-step approach, cropping practices that explain high proportions of variance of the different indicators were first identified by an analysis of variance-based sensitivity analysis. Then, most suitable combinations of practices to achieve best performance with respect to each indicator were extracted, and trade-offs were analyzed. The procedure was applied to a region in western Switzerland, considering two different soil types to test the importance of local environmental constraints. Results show that the sensitivity of crop yield and soil erosion due to management is high, while nutrient leaching mostly depends on soil type. We found that the influence of most agricultural practices does not change significantly with CC; only irrigation becomes more relevant as a consequence of decreasing summer rainfall. Trade-offs were identified when focusing on best performances of each indicator separately, and these were amplified under CC. For adaptation to CC in the selected study region, conservation soil management and the use of cropped grasslands appear to be the most suitable options to avoid trade-offs.
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A main assumption of social production function theory is that status is a major determinant of subjective well-being (SWB). From the perspective of the dissociative hypothesis, however, upward social mobility may be linked to identity problems, distress, and reduced levels of SWB because upwardly mobile people lose their ties to their class of origin. In this paper, we examine whether or not one of these arguments holds. We employ the United Kingdom and Switzerland as case studies because both are linked to distinct notions regarding social inequality and upward mobility. Longitudinal multilevel analyses based on panel data (UK: BHPS, Switzerland: SHP) allow us to reconstruct individual trajectories of life satisfaction (as a cognitive component of SWB) along with events of intragenerational and intergenerational upward mobility—taking into account previous levels of life satisfaction, dynamic class membership, and well-studied determinants of SWB. Our results show some evidence for effects of social class and social mobility on well-being in the UK sample, while there are no such effects in the Swiss sample. The UK findings support the idea of dissociative effects in terms of a negative effect of intergenerational upward mobility on SWB.
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Surgical robots have been proposed ex vivo to drill precise holes in the temporal bone for minimally invasive cochlear implantation. The main risk of the procedure is damage of the facial nerve due to mechanical interaction or due to temperature elevation during the drilling process. To evaluate the thermal risk of the drilling process, a simplified model is proposed which aims to enable an assessment of risk posed to the facial nerve for a given set of constant process parameters for different mastoid bone densities. The model uses the bone density distribution along the drilling trajectory in the mastoid bone to calculate a time dependent heat production function at the tip of the drill bit. Using a time dependent moving point source Green's function, the heat equation can be solved at a certain point in space so that the resulting temperatures can be calculated over time. The model was calibrated and initially verified with in vivo temperature data. The data was collected in minimally invasive robotic drilling of 12 holes in four different sheep. The sheep were anesthetized and the temperature elevations were measured with a thermocouple which was inserted in a previously drilled hole next to the planned drilling trajectory. Bone density distributions were extracted from pre-operative CT data by averaging Hounsfield values over the drill bit diameter. Post-operative [Formula: see text]CT data was used to verify the drilling accuracy of the trajectories. The comparison of measured and calculated temperatures shows a very good match for both heating and cooling phases. The average prediction error of the maximum temperature was less than 0.7 °C and the average root mean square error was approximately 0.5 °C. To analyze potential thermal damage, the model was used to calculate temperature profiles and cumulative equivalent minutes at 43 °C at a minimal distance to the facial nerve. For the selected drilling parameters, temperature elevation profiles and cumulative equivalent minutes suggest that thermal elevation of this minimally invasive cochlear implantation surgery may pose a risk to the facial nerve, especially in sclerotic or high density mastoid bones. Optimized drilling parameters need to be evaluated and the model could be used for future risk evaluation.
Direct and Indirect Measures of Capacity Utilization: A Nonparametric Analysis of U.S. Manufacturing
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We measure the capacity output of a firm as the maximum amount producible by a firm given a specific quantity of the quasi-fixed input and an overall expenditure constraint for its choice of variable inputs. We compute this indirect capacity utilization measure for the total manufacturing sector in the US as well as for a number of disaggregated industries, for the period 1970-2001. We find considerable variation in capacity utilization rates both across industries and over years within industries. Our results suggest that the expenditure constraint was binding, especially in periods of high interest rates.
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Do openness and human capital accumulation promote economic growth? While intuition argues yes, the existing empirical evidence provides mixed support for such assertions. We examine Cobb-Douglas production function specifications for a 30-year panel of 83 countries representing all regions of the world and all income groups. We estimate and compare labor and capital elasticities of output per worker across each of several income and geographic groups, finding significant differences in production technology. Then we estimate the total factor productivity series for each classification. Using determinants of total factor productivity that include, among many others, human capital, openness, and distortion of domestic prices relative to world prices, we find significant differences in results between the overall sample and sub-samples of countries. In particular, a policy of outward orientation may or may not promote growth in specific country groups. even if geared to reducing price distortion and increasing openness. Human capital plays a smaller role in enhancing growth through total factor productivity.