Search results for "Stochastic frontier"
showing 7 items of 27 documents
Climate variability, innovation and firm performance: evidence from the European agricultural sector
2021
Abstract It is generally accepted that adaptation to climate variability requires a technological advancement strategy. However, the innovation process has received little explicit consideration in this framework. We employ a panel endogenous switching regression model to explore whether and to what extent climate variability affects firm performance through the ability to induce the development of adaptation innovations in key resource-based sectors in Europe during the period 2007–2017. Our findings confirm that the knowledge generation process at the heart of climate change adaptation technologies enhances firm performance, especially for firms in the aquaculture and fishing sub-sectors …
Stochastic Frontiers Approach: an Empirical Analysis of Italian Environmental Spending
2012
Using the stochastic frontiers approach (SFA) on a panel of Italian regional data, this paper tries to analyse the optimal design of environmental spending. The main question is, so forth, studying centralization vs decentralization of a public economic function, such as the protection of the environment, in order to improve the welfare of a country. Empirical results on Italy are ambiguous: the changing from a centralized to a decentralized government, giving more autonomy to local units, does not highlight a clear improvement in regional economic performance.
Local vs. National Environmental Spending: A Stochastic Frontier Analysis
2012
This work studies the impact of public environmental spending in a fiscal federalist framework. The main question is studying when the centralization of this public economic function is welfare improving. Applying the Stochastic Frontier Approach (SFA) on Italian, Portuguese and Slovakian data, the paper tries to test this issue. Our results highlight the superiority of centralized environmental spending with respect to the decentralization of this particular public good.
Smart Cities and a Stochastic Frontier Analysis: A Comparison among European Cities
2013
The level of interest in smart cities is growing, and the recent literature on this topic (Holland, 2008; Caragliu et al., 2009, Nijkamp et al., 2011 and Lombardi et al., 2012) identifies a number of factors that characterise a city as smart, such as economic development, environment, human capital, culture and leisure, and e-governance. Thus, the smartness concept is strictly linked to urban efficiency in a multifaceted way. A seminal research for European policy conducted by Giffinger et al. (2007) defines a smart city on the basis of several intangible indicators, such as a smart economy, smart mobility, smart environment, smart people, smart living, and smart governance. These authors’ …
Smart Cities and Eu growth strategy: a Comparison among European Cities
2015
The level of interest in smart cities has been growing during these last years. The academic literature (Holland, 2008; Caragliu et al., 2009, Nijkamp et al., 2011 and Lombardi et al., 2012) has identified a number of factors that characterise a city as smart, such as economic development, business-friendly, environmental sustainability, social innovation, information and knowledge process, and human and social capital. Thus, the smartness concept is strictly linked to urban efficiency in a multifaceted way as well as to citizens’ wellbeing through the use of appropriate technologies. Instead, from a “political perspective” smartness is mainly related to the ability of using ICT (Informatio…
Labor market matching with application to Finnish data
2014
This thesis studies labor market matching and takes use of a matching function, which describes the technology how unemployed job seekers and vacant jobs search, meet and form new employment relationships. The goal of the study is twofold: First is to provide a comprehensive critical review of previous literature covering both micro models as well as empirical applications. Major limitations in empirical studies are imperfect measures of variables as well as inability to account for all relevant factors making results methodology-sensitive. The second contribution is to estimate a matching function for Finland using annual data from 2006-2012 and thus giving the most recent knowledge on the…
Production and Efficiency in 21 Industrialized Countries from 1966 to 2007 to Analyse the Italy’s Decline: Application of a Stochastic Frontier Model…
2008
This paper uses a stochastic frontier production model to estimate the technical efficiency of 21 nations among the more industrialized countries in the world for the wide period from 1966 to 2007. A Cobb-Douglas with labour and capital as inputs, GDP as output and efficiency with exponential distribution appears to work good from a statistical point of view. This model is used to estimate in a bayesian approach the efficiency score of these 21 countries. The bayesian way, applied via Gibbs sampling, is here useful to avoid problems about the small number of observations. So, each efficiency score is obtained as mean of 10,000 draws. The results underline a general and progressive efficienc…