Several approaches exist for the estimation of technical efficiency. In this paper the four most relevant ones (Data Envelopment Analysis, Stochastic Production Frontiers, Panel Data and Distance Functions) have been compared. The different approaches have been applied to the to the Spanish Trawl fishery that operated in Moroccan waters. The study highlights some of the problems arising from th...

confirmation of convergence hypothesis among provinces, its role in removing divergence among regions and achieving regional convergence is one of the important issues in macroeconomics. the aim of the present study is to examine absolute and conditional income convergence hypotheses among iranian provinces during the period 2000-2010 using panel data. the hypotheses are tested for the whole pr...

This study examined the non-linear relationship between financial development and innovation using generalized method of moments (GMM) estimators for a panel data model. The sample comprised data for 75 developed and developing countries for the period 1996 to 2010. An inverted U-shaped non-linear relationship between finance and innovation was observed. This finding implies that finance enhanc...

abstract: the tax capacity is one of the main concepts in public finance and provides the required information on state economic power in mobilizing the tax resources for responding the financial problems and execution of economic policies. for this purpose, the main objective of this paper is to estimate the tax capacity for oil exporting countries over the period of 1995-2008 by applying pane...

there has been relatively little empirical analysis of the role played by cultural-social-economic policies to promote entrepreneurship. governments, for instance, conduct different entrepreneurship promotion policies. financial assistance and easing of bureaucratic rules are provided to improve the entrepreneurship process in a country. entrepreneurs benefit from education and skills, which ar...

This paper considers the problem of testing cross-sectional correlation in large panel data models with serially-correlated errors. It finds that existing tests for cross-sectional correlation encounter size distortions with serial correlation in the errors. To control the size, this paper proposes a modification of Pesaran’s Cross-sectional Dependence (CD) test to account for serial correlatio...

This paper investigates spatial panel data models with a space-time …lter in disturbances. We consider their estimation by both …xed e¤ects and random e¤ects speci…cations. With a between equation properly de…ned, the di¤erence of the random vs. …xed e¤ects models can be highlighted. We show that the random e¤ects estimate is a pooling of the within and between estimates. A Hausman type speci…c...