Productive Efficiency in 16 European Countries

Regulations, Market Power and Bank Efficiency in European Countries

This paper investigates whether different types of regulation may have a direct or indirect (through market power) impact on bank’s efficiency. We use a set of data containing European banks to consider the impact of regulations related to capital requirements, official supervisory power, restrictions on bank activities, and private monitoring on bank efficiency. Our results suggest that offici...

Productive Consumption and Growth in Developing Countries

Productive consumption enables the satisfaction of current needs and, at the same time, increases the productive potential of labour. Theoretical as well as empirical evidence suggests that productive consumption is primarily relevant to low-income countries. From the perspective of growth theory, the productive consumption hypothesis is of fundamental interest because it modifies the "harsh" i...

Productive Efficiency and Contestable Markets

This paper provides a new game theoretic model consistent with the premises of contestable markets. Two firms repeatedly compete for a natural monopoly position. The limit price of the incumbent is disciplined by a hit and run strategy of the entrant. In this model, contrarily to the well known Maskin and Tirole model (1988): i) productive efficiency is encouraged, the more efficient firm gets ...

Prevalence of hepatitis A across various countries in the Middle East, African and Eastern European countries

Training and Productive Efficiency in Transition Economies

Much work has been done on the efficiency and management development of enterprises in China since the implementation of economic reforms. It has been argued that the problem of skills incompentence of the workforce is one of the fundamental factors hindering the overall performance of enterprises in China, particularly the state-owned enterprises. At the same time, low efficiency performance w...