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Production Function Approach (production + function_approach)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	100%

Distribution within Business, Economics, Finance and Accounting

General & Introductory Economics	57%
Agricultural Economics & Resource Management	42%

Selected Abstracts

Valuing groundwater recharge through agricultural production in the Hadejia-Nguru wetlands in northern Nigeria

AGRICULTURAL ECONOMICS, Issue 3 2000
Gayatri Acharya
Production function approach; Valuation; Wetlands; Groundwater recharge; Ecosystem function Abstract This study applies a production function approach to value the groundwater recharge function of the Hadejia-Nguru wetlands in northern Nigeria. The groundwater recharge function supports dry season agricultural production which is dependent on groundwater abstraction for irrigation. Using survey data this paper first carries out an economic valuation of agricultural production, per hectare of irrigated land. We then value the recharge function as an environmental input into the dry season agricultural production and derive appropriate welfare change measures. Welfare change is calculated using the estimated production functions and hypothetical changes in groundwater recharge and hence, groundwater levels. By focusing on agricultural production dependent solely on groundwater resources from the shallow aquifer, this study establishes that the groundwater recharge function of the wetlands is of significant importance for the floodplain. [source]

Intangible effort and performance: the case of the French wine industry

AGRIBUSINESS : AN INTERNATIONAL JOURNAL, Issue 2 2010
Paul Amadieu
This study investigates to what extent intangible investments have a positive impact on French wine companies' financial performance. French wine companies are small- and medium-sized enterprises (SMEs), so the task is (a) to measure their intangible expenses and capital, and (b) to estimate their impact on companies' performances. The authors then analyze the effect of property structures (cooperatives and corporations) and business activities on the intensity of the relationship between intangibility and performance. Relationships between intangibles and performance were tested empirically by means of a questionnaire carried out in 2005,2006. Questionnaire data were completed using financial statements for 207 companies whose activity included one or more stages in the production and marketing of wine. Using MANOVA and the production function approach, the authors found evidence that intangible proxies had a negative impact on the firms' economic performance measurements and a positive impact on commercial performance for intermediate values of intangible ratios. They also found that production functions were very different with regard to legal status and business activity, but that the negative impact of intangible proxies remained. © 2010 Wiley Periodicals, Inc. [source]

Valuing groundwater recharge through agricultural production in the Hadejia-Nguru wetlands in northern Nigeria

The Productivity Impact of IT Deployment: An Empirical Evaluation of ATM Introduction

OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 5 2000
Michelle Haynes
The term ,IT paradox' has been widely used to describe the apparent failure of much economic research to discover significant productivity gains associated with IT investment. In part this has been ascribed to measurement problems associated with both IT inputs and with outputs in IT-intensive industries. The current paper seeks to circumvent these difficulties by taking the ATM as a clearly defined embodied IT application and then using anaugmented production function approach to isolate its productivity effectsacross a sample of UK building societies, over the period of the ATM'sdiffusion. The paper finds no support for the ,IT paradox' and reports large robust and statistically significant productivity gains associated with ATM introduction. [source]

Educational inputs and outcomes before the transition from communism,

THE ECONOMICS OF TRANSITION, Issue 1 2007
John Beirne
O11; J24; P27; P39 Abstract Conventional wisdom suggests that the stocks of human capital were one of the few positive legacies from communism. However, if factories under communism were so inefficient, why would the education system not have been? Using the education production function approach and new data on educational inputs and outcomes from 1960 to 1989, we find evidence suggesting that the official human capital stocks figures were ,overestimated' during the communist period. In other words, we find that the official human capital stock numbers are significantly higher than those predicted not only in relation to countries at similar levels of development, but also on the basis of educational systems with comparable features and efficiency levels. [source]

EMPIRICAL IMPACT OF PUBLIC INFRASTRUCTURE ON THE JAPANESE ECONOMY,

THE JAPANESE ECONOMIC REVIEW, Issue 4 2008
CHRISTOPHER N. ANNALA
We study the impact of public capital investment on individual sectors of the Japanese economy using time-series data for the period of 1970,1998. We employ a production function approach and also estimate a dynamic VAR/ECM model. We find significant differences in the employment effects, output effects and private investment effects across sectors. Public capital investment has a positive effect on employment in the finance, insurance and real estate (FIRE), manufacturing, construction and utilities sectors; on private investment in the FIRE, agriculture, transportation, trade and services sectors; and on output in the mining, FIRE, trade and manufacturing sectors. [source]

PRODUCTIVITY AND BUSINESS CYCLES IN JAPAN: EVIDENCE FROM JAPANESE INDUSTRY DATA,

THE JAPANESE ECONOMIC REVIEW, Issue 2 2006
T. MIYAGAWA
Constructing a database of 37 industries, we examine whether the measured productivity in Japan is pro-cyclical and investigate the sources of this pro-cyclicality by using the production function approach employed by Hall (1990) and Basu and Fernald (1995). The aggregate Solow residual displays pro-cyclicality. A large number of industries show constant returns to scale. No significant evidence for the presence of thick-market externalities is found. Our results also hold when we consider labour hoarding, part-time employment, and the adjustment cost of investment. The results indicate that policies to revitalize the Japanese economy should concentrate on promoting productivity growth. [source]