Please use this identifier to cite or link to this item: http://arl.liuc.it/dspace/handle/2468/5890
Title: A comparison of pre- and post-crisis efficiency of OECD countries: evidence from a model with temporal heterogeneity in time and unobservable individual effect
Authors: Matkovskyy, Roman
Issue Date: 2016
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Matkovskyy Roman (2016), A comparison of pre- and post-crisis efficiency of OECD countries: evidence from a model with temporal heterogeneity in time and unobservable individual effect. In: The European Journal of Comparative Economics, vol. 13, n. 2, 2016, p. 135-167. E-ISSN 1824-2979.
Abstract: The purpose of this article is to estimate and compare shifts in (technical) efficiency across OECD countries, caused by the global financial crises and heterogeneity. Technical efficiency of OECD countries is estimated by applying the panel model with arbitrary temporal heterogeneity in time and factor structures (a model with unobservable individual effects) that fits the stochastic frontier analysis. Because of missing values in observations, the bootstrapping-based algorithm allowing for trends in data across observations within a cross-sectional unit is applied for imputations. The parameters are estimated in a semi-parametric way. The proposed estimation derives sufficient results regardless of any assumption on the temporal pattern of country individual effects and contributes to the development of a tool for better understanding of unobserved factors that drive fluctuations in OECD countries.
URI: http://arl.liuc.it/dspace/handle/2468/5890
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

Files in This Item:
File Description SizeFormat 
EJCE_2016-13-02_135.pdf
  Restricted Access
1,26 MBAdobe PDFView/Open Request a copy


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.