Bank Credit And Agricultural Output In South Africa: A Cobb-Douglas Empirical Analysis
نویسندگان
چکیده
منابع مشابه
A Cobb Douglas Stochastic Frontier Model on Measuring Domestic Bank Efficiency in Malaysia
Banking system plays an important role in the economic development of any country. Domestic banks, which are the main components of the banking system, have to be efficient; otherwise, they may create obstacle in the process of development in any economy. This study examines the technical efficiency of the Malaysian domestic banks listed in the Kuala Lumpur Stock Exchange (KLSE) market over the...
متن کاملDEA Cobb-Douglas frontier and cross-efficiency
The current paper examines the cross-efficiency concept in data envelopment analysis (DEA). While cross-efficiency has appeal as a peer evaluation approach, it is often the subject of criticism, due mainly to the use of DEA weights that are often non-unique. As a result, cross-efficiency scores are routinely viewed as arbitrary in that they depend on a particular set of optimal DEA weights gene...
متن کاملSimple Microfoundations for Cobb-Douglas Matching Functions
This paper derives a Cobb-Douglas matching function as the aggregate of the number of matches made by each firm in a large economy using results from the theory of heavy tail distributions. The model is then calibrated using the empirical distribution of firm sizes and stylized facts about social networks.The implied elasticity of the matching function is found to be close to those reported by ...
متن کاملFitting of Cobb-Douglas Production Functions: Revisited
The set of Cobb-Douglas production functions is usually fitted by first linearizing the models through logarithmic transformation and then applying method of least squares. However, this procedure is valid only when the underlying assumption of multiplicative error-terms is justified. Unfortunately, this assumption is rarely satisfied in practice and accordingly, the results obtained are of dou...
متن کاملProportional Response as Iterated Cobb-Douglas
We show that the proportional response algorithm for computing an economic equilibrium in a Fisher market model can be interpreted as iteratively approximating the economy by one with Cobb-Douglas utilities, for which a closed-form equilibrium can be obtained. We also extend the method to allow elasticities of substitution at most one.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Business & Economics Research Journal (IBER)
سال: 2013
ISSN: 2157-9393,1535-0754
DOI: 10.19030/iber.v12i4.7738