A decomposition of nominal value added growth over multiple sectors of an economy into explanatory factors is presented. The explanatory factors over a single sector are changes in the efficiency of the sector, growth of primary inputs, changes in sectoral output and input prices, technical progress and returns to scale. In order to implement the decomposition for a sector, an estimate of the s...

Authorities throughout the developing world are turning to downsizing in an effort to reduce budget deficits and address the inefficiencies engendered by state-led development strategies. Because large-scale involuntary dismissals are often politically difficult, a voluntary approach to reductions in public sector employment is increasingly popular among developing-country governments, multilat...

This study examines the effects of weekly and monthly capital flows into the dedicated REIT mutual fund sector on aggregate REIT returns and, simultaneously, the effects of industrylevel REIT returns on subsequent REIT mutual fund flows. The dynamic relation between REIT capital flows and returns is estimated using vector autoregression (VAR) techniques. Unlike static regression techniques, our...

CRSP Research Report 99-138 The CRSP will not be distributing this publication. Copies may be obtained by writing to the authors. Non-parametric estimation of returns to investment in Honduras shrimp research Siddhartha Dasgupta and Carole R. Engle Aquaculture/Fisheries Center University of Arkansas at Pine Bluff Pine Bluff, AR 71611 USA This paper reports the results of a study to evaluate the...