Productivity Growth, Scale Economies and the Schumpeterian Hypothesis

1990 ◽  
Vol 57 (2) ◽  
pp. 521 ◽  
Author(s):  
Randy A. Nelson
Keyword(s):  
Productivity Growth ◽  
Scale Economies ◽  
Schumpeterian Hypothesis

scholarly journals Scale economies and total factor productivity growth on poultry egg farms in Benin: a stochastic frontier approach

2020 ◽  
Vol 99 (8) ◽  
pp. 3853-3864
Author(s):  
Elysée M. Houedjofonon ◽  
Nestor R. Ahoyo Adjovi ◽  
Sylvain Kpenavoun Chogou ◽  
Barthélemy Honfoga ◽  
Guy A. Mensah ◽  
...  
Keyword(s):  
Total Factor Productivity ◽  
Productivity Growth ◽  
Stochastic Frontier ◽  
Scale Economies ◽  
Total Factor Productivity Growth ◽  
Factor Productivity ◽  
Stochastic Frontier Approach

Financing Decision and Productivity Growth for the Venture Capital Industry in Taiwan

2013 ◽  
Vol 16 (02) ◽  
pp. 1350014 ◽  
Author(s):  
Chih-Nan Chen ◽  
Tai-Hsin Huang ◽  
Chien-Hsiu Lin
Keyword(s):  
Venture Capital ◽  
Capital Structure ◽  
Productivity Growth ◽  
Scale Economies ◽  
Tax Incentives ◽  
Equity Financing ◽  
Financing Decision ◽  
Policy Termination ◽  
The Government ◽  
Decision Importance

This paper attempts to characterize the production technology of venture capital (VC) firms in Taiwan, whilst taking into account the simultaneity problem that arises from the correlation between inputs and unobserved productivity. The estimates of scale economies from OLS are found to be much higher than those obtained from our preferred approach. The paper also explores how the capital structure of those firms was adjusted to increase their productivity when faced with the institutional change that occurred in the VC markets of Taiwan and what we can learn from this. There is evidence that financing mix was irrelevant to firms' productivity growth when tax incentives were issued by the government to stimulate equity financing, whereas they were able to benefit from increased financial leverage after these tax incentives were discontinued, which suggests that the effect of the policy termination was stronger than its initiation, in terms of productivity. Firms that chose to invest in the internet and bio-related industries emerged as placing higher financing decision importance on productivity growth than those with other investment preferences, thus implying that the financing decision for those firms investing in these sectors is much more critical in determining the growth of the firm.

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