The impact of public capital, human capital, and knowledge on aggregate output / / Yasser Abdih and Frederick Joutz

• Record Nr.: UNINA9910463633303321
• Autore: Abdih Y (Yasser)
• Pubbl/distr/stampa: [Washington, District of Columbia] : , : International Monetary Fund, , 2008; ©2008
• ISBN: 1-4623-1240-3; 1-4527-7934-1; 1-282-84169-6; 1-4518-7076-0; 9786612841699
• Descrizione fisica: 1 online resource (50 p.)
• Collana: IMF Working Papers; IMF working paper ; ; WP/08/218
• Altri autori (Persone): JoutzFrederick
• Disciplina: 336.150973
• Soggetti: Public investments - United States - Econometric models; Human capital - United States - Econometric models; Knowledge management - United States - Econometric models; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: Contents; I. Introduction and Contribution; II. Literature Review; III. The Model; IV. Data; A. Output, Private Capital, and Public Capital; B. Skill-Adjusted Labor; C. The Knowledge Stock; V. Initial Data Analysis and Reduction of the System; A. Initial Plots and Integration Tests; B. VAR Model Specification and Estimation; C. Lag length selection of the VAR; D. Residual Diagnostics from the VAR Model; E. Recursive Analysis for Model Constancy and Stability; VI. Cointegration Analysis; A. Testing for Cointegration; B. Cointegration, Weak Exogeneity, and Testing Restrictions on the Production Function C. The Final Long run Aggregate Production Function; VII. Growth Accounting for the Postwar U.S. Economy; VIII. Concluding Remarks; References; Tables; 1. The Information Set:Data Series from 1948 to 2004; 2.A. ADF Tests for Variables in Levels, ; Constant and Trend Included; 2.B. ADF Tests for Variables in Levels, Constant Included; 3.A. ADF Tests for Variables in First Differences, Constant and Trend Included; 3.B. ADF Tests for Variables in First Differences, Constant Included; 4.A. Lag Length Analysis: Seclected Statistics 4.B. Lag Length Analysis: F-Tests for Model Reduction; 5. Individual Equation and Vector Misspecification Tests for the VAR Model of the Production Function; 6. Cointegration Analysis with Johansen's Test; 7. Hypotheses Tests on the Cointegrating Relation; 8. Growth Accounting for the Postwar U.S. Economy; Figures; 1. The Variables in Natural Logarithms; 2. Recursive System Diagnostics for VAR(3) Model; 3. Recursive Likelihood Ratio Test Statistic for Final Restrictions on the Cointegrating Space; 4. Output Deviations from the Long Run Aggregate Production Function with Final Restrictions on the Cointegrating Space Imposed
• Sommario/riassunto: This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to proxy for knowledge/technology stocks and adjust labor hours for changes in human capital or skill. Using Johansen's (1988 and 1991) multivariate cointegration analysis, we find a positive and significant long run effect of public capital, private capital, skill adjusted labor, and technology/ knowledge on

The Impact of Cartels on National Economy and Competitiveness : A Lithuanian Case Study / / by Jurgita Bruneckienė, Irena Pekarskienė, Andrius Guzavičius, Oksana Palekienė, Jūratė Šovienė

• Record Nr.: UNINA9910298480603321
• Autore: Bruneckienė Jurgita
• Pubbl/distr/stampa: Cham : , : Springer International Publishing : , : Imprint : Springer, , 2015
• ISBN: 3-319-17287-5
• Edizione: [1st ed. 2015.]
• Descrizione fisica: 1 online resource (330 p.)
• Disciplina: 330; 338.6; 339
• Soggetti: Industrial organization; Macroeconomics; Commercial law; Industrial Organization; Macroeconomics/Monetary Economics//Financial Economics; Business Law
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references at the end of each chapters.
• Nota di contenuto: Conception of Cartels: Definition and Diversity -- Cartel Occurrence and Operation in Market -- Cartel Markets -- Legal Regulation of Cartels -- Analysis of the Impact of Cartels on National Economy and Competitiveness -- Critical Analysis of Economic Efficiency of Fines Imposed on Cartels -- Methodological Principles of Assessing Cartel Harm (Effects) -- Assessment of Cartel Impact on the National Economy: Integrated Model -- Empirical Application of a Model for an Integrated Assessment of Cartel Impact on the National Economy in the Case of Lithuania -- Recommendations to Minimise an Adverse Impact of Cartels on the National Economy -- Conclusions -- Annexes.
• Sommario/riassunto: The book presents theoretical and empirical research on the integrated assessment of cartels’ effects on national economies. The empirical analysis is based on three cases in Lithuania, a country chosen because it corresponds to the features of a small economy with a developing ; culture of competition. An integrated assessment of a cartel’s impact by measuring the net economic effect created by its operations on the market is extremely important at the scale of national economies. If a cartel’s true impact is not identified and evaluated, it is impossible to make important strategic decisions, for the whole economy instead of individual affected parties, and to establish an optimum baseline for mitigating the harm done to the economy. Thus, an integrated cartel impact assessment can help to more proactively combat cartel agreements on the market and improve the economic welfare of the respective country. .