...............................................................................................................................7 Data ....................................................................................................................................12 Descriptive Statistics ..................................................................................................13 Part...

We analyze the evolution of economic institutions during the process of industrialization. In particular, we focus on the institution of contract enforcement. Empirically, we show that, during the process of industrialization, countries tend to shift their manufacturing production towards industries that require more relationship-specific investment. Theoretically, we build a dynamic model with...

This paper analyzes the role of production distortion for income redistribution in an international trade model. In particular, this paper examines the role of the Stolper and Samuelson effect (Stolper and Samuelson 1941) on efficient income redistribution. It first shows that production inefficiency can be a part of a Pareto-efficient tax system when there is an asymmetric information problem ...

abstract quantitative analysis of production through evaluating the level of factor usage is a major part in agricultural management, which aims at increasing production by optimum usage of resources. this study has estimated and analyzed stochastic frontier production function and calculated technical efficiency of semi-mechanized broiler farms located in gorgan district. the survey data were ...

In this paper we consider different models that assess eco-efficiency with production frontier estimation when both desirable outputs and undesirable outputs (or residuals) are considered. These models are confronted to livestock farm data (sheep meat farms) and greenhouse gas (GHG) emissions, to discuss their suitability in ecoefficiency measurement. The application is to French sheep meat far...

A perpetual youth overlapping generations model is presented in which the presence of financial frictions can create the crowd-in effect of asset bubbles that promotes capital accumulation. The existence of asset bubbles increases the equilibrium interest rate. Although the increased interest rate excludes less productive agents from production activity, these agents benefit from the liquidity ...

Agricultural extension, as an informal educational system, is one of agricultural development tools that lean on human capitals. Inefficiency of public bureaucracy on the one hand, and managerial problems on the other hand, as well as neglecting real needs of beneficiaries in planning, have determined responsible to transfer administrative tasks to the private sector and reduce government''s te...