scholarly journals Testing the Stability of a Production Function with Urbanization as a Shift Factor: An Application of Non-Stationary Panel Data Techniques

1999 ◽  
Author(s):  
Suzanne McCoskey ◽  
Chihwa D. Kao
Keyword(s):  
Panel Data ◽  
Production Function ◽  
Shift Factor ◽  
The Stability

scholarly journals Financial Hegemony, Diversification Strategies and the Firm Value of Top 30 FTSE Companies in Malaysia

2016 ◽  
Vol 12 (3) ◽  
pp. 14
Author(s):  
Wan Sallha Yusoff ◽  
Mohd Fairuz Md. Salleh ◽  
Azlina Ahmad ◽  
Norida Basnan
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Firm Value ◽  
Financial Stability ◽  
Panel Data Analysis ◽  
Location Decisions ◽  
Asian Countries ◽  
Diversification Strategies ◽  
The Stability ◽  
Southeast Asian Countries

<p>This study investigates the relationships between financial hegemony groups, global diversification strategies and firm value of the Malaysia’s 30 largest companies listed in FTSE Bursa Malaysia Index Series during 2009 to 2012 period. We chose Malaysia as an ideal setting because the findings contribute to the phenomenon of the diversification–performance relationship in the Southeast Asian countries. We apply hegemony stability theory to explain the importance of financial hegemony groups in deciding international locations for operations. By using panel data analysis, we find that financial hegemony groups are significantly important in international location decisions. Results reveal that the stability of financial hegemony in BRICS and G7 groups enhances the financial value of the Malaysia’s 30 largest companies, whereas the stability of financial hegemony in ASEAN groups is able to enhance the non-financial value of the firms. Overall, this paper suggests that in order to diversify globally, it is necessarily for the manager in the guest country to evaluate and fully understand the host country’s geopolitical situation and its financial stability.</p>

scholarly journals Stability of risk attitude, agricultural policies and production shocks: evidence from Italy

2020 ◽  
Author(s):  
Martina Bozzola ◽  
Robert Finger
Keyword(s):  
European Union ◽  
Panel Data ◽  
Agricultural Policy ◽  
Risk Preference ◽  
Risk Attitude ◽  
The European Union ◽  
Agricultural Policies ◽  
The Stability ◽  
Changes Over Time ◽  
Over Time

Abstract This article investigates the stability of farmers’ risk attitude over time. To this end, we estimate responses to changes in agricultural policies and production shocks. We use a unique panel data of over 36,000 Italian farms specialised in cereals, during the period 1989–2009. We find evidence of risk preference changes over time in response to changes in the European Union Common Agricultural Policy and possibly after a drought-induced production shock.

scholarly journals Determinants and Differences of Grain Production Efficiency Between Main and Non-Main Producing Area in China

2019 ◽  
Vol 11 (19) ◽  
pp. 5225
Author(s):  
Furong Chen ◽  
Yifu Zhao
Keyword(s):  
Panel Data ◽  
Technical Efficiency ◽  
Production Function ◽  
Production Efficiency ◽  
Stochastic Frontier ◽  
Grain Production ◽  
Marginal Productivity ◽  
Rural Labor ◽  
Stochastic Frontier Production Function ◽  
Frontier Production Function

This paper investigated the determinants, especially labor transformation, and differences of technical efficiency between main and non-main grain-producing area in China based on a panel data from 30 provinces in the period of 2001–2017. Stochastic frontier production function was used to estimate the level of technical efficiency and the marginal productivity of different inputs. The estimated results showed that land is the most important factor to improve China’s grain output, followed by fertilizers, labor, and machinery inputs. There was a significant 4.6 percent gap of production efficiency between main and non-main producing provinces. Influence of rural labor transformation was confirmed to be positive to improve technical efficiency.

scholarly journals Center Manifold Reduction and Perturbation Method in a Delayed Model with a Mound-Shaped Cobb-Douglas Production Function

2013 ◽  
Vol 2013 ◽  
pp. 1-6 ◽  
Author(s):  
Massimiliano Ferrara ◽  
Luca Guerrini ◽  
Giovanni Molica Bisci
Keyword(s):  
Hopf Bifurcation ◽  
Perturbation Method ◽  
Production Function ◽  
Center Manifold ◽  
Normal Form Theory ◽  
Center Manifold Reduction ◽  
Center Manifold Theorem ◽  
Form Theory ◽  
The Stability ◽  
Manifold Reduction

Matsumoto and Szidarovszky (2011) examined a delayed continuous-time growth model with a special mound-shaped production function and showed a Hopf bifurcation that occurs when time delay passes through a critical value. In this paper, by applying the center manifold theorem and the normal form theory, we obtain formulas for determining the direction of the Hopf bifurcation and the stability of bifurcating periodic solutions. Moreover, Lindstedt’s perturbation method is used to calculate the bifurcated periodic solution, the direction of the bifurcation, and the stability of the periodic motion resulting from the bifurcation.

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