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Real money balances and production efficiency: a panel-data stochastic production frontier study

  • Nourzad, Farrokh
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    File URL: http://www.sciencedirect.com/science/article/B6X4M-466FRW7-9/2/984f6e5e00cc2e7efeaa5ae67bcf6ce5
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    Article provided by Elsevier in its journal Journal of Macroeconomics.

    Volume (Year): 24 (2002)
    Issue (Month): 1 (March)
    Pages: 125-134

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    Handle: RePEc:eee:jmacro:v:24:y:2002:i:1:p:125-134
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622617

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    1. Meeusen, Wim & van den Broeck, Julien, 1977. "Efficiency Estimation from Cobb-Douglas Production Functions with Composed Error," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 18(2), pages 435-44, June.
    2. Pitt, Mark M. & Lee, Lung-Fei, 1981. "The measurement and sources of technical inefficiency in the Indonesian weaving industry," Journal of Development Economics, Elsevier, vol. 9(1), pages 43-64, August.
    3. Fischer, Stanley, 1974. "Money and the Production Function," Economic Inquiry, Western Economic Association International, vol. 12(4), pages 517-33, December.
    4. Levine, Ross, 1996. "Financial development and economic growth : views and agenda," Policy Research Working Paper Series 1678, The World Bank.
    5. Saving, Thomas R, 1972. "Transactions Costs and the Demand for Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 4(2), pages 245-59, May.
    6. Abdur Chowdhury & Yingqui Liu, 1995. "Is money more productive in a developing economy?," Applied Economics Letters, Taylor & Francis Journals, vol. 2(4), pages 118-121.
    7. Nguyen, Hong V, 1986. "Money in the Aggregate Production Function: Reexamination and Further Evidence," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(2), pages 141-51, May.
    8. Barnett, William A., 1980. "Economic monetary aggregates an application of index number and aggregation theory," Journal of Econometrics, Elsevier, vol. 14(1), pages 11-48, September.
    9. Battese, George E. & Coelli, Tim J., 1988. "Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data," Journal of Econometrics, Elsevier, vol. 38(3), pages 387-399, July.
    10. Thomas Paul, M. & Bhattacharyay, Biswa N., 1986. "Can money matter in a developing economy?," Journal of Monetary Economics, Elsevier, vol. 18(2), pages 205-207, September.
    11. Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
    12. Khan, Ashfaque H & Ahmad, Mushtaq, 1985. "Real Money Balances in the Production Function of a Developing Country," The Review of Economics and Statistics, MIT Press, vol. 67(2), pages 336-40, May.
    13. Moroney, John R, 1972. "The Current State of Money and Production Theory," American Economic Review, American Economic Association, vol. 62(2), pages 335-43, May.
    14. Sinai, Allen & Stokes, Houston H, 1972. "Real Money Balances: An Omitted Variable from the Production Functions?," The Review of Economics and Statistics, MIT Press, vol. 54(3), pages 290-96, August.
    15. Hsing, Yu, 1990. "International evidence on the non-neutrality of money," Journal of Macroeconomics, Elsevier, vol. 12(3), pages 467-474.
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