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The Translog Production Function and Variable Returns to Scale
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- Minor, Peter J., 2010. "Time as a Barrier to Trade: A GTAP Database of ad valorem Trade Time Costs," Conference papers 331960, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
- Wang, Xiaobing & Yu, Xiaohua, 2011.
"Scale Effects, Technical Efficiency and Land Lease in China,"
2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland
115736, European Association of Agricultural Economists.
- Wang, Xiaobing & Yu, Xiaohua, 2011. "Scale Effects, Technical Efficiency and Land Lease in China," 2011 ASAE 7th International Conference, October 13-15, Hanoi, Vietnam 290658, Asian Society of Agricultural Economists (ASAE).
- Edward Feser, 2004. "Agglomeration, Enterprise Size, and Productivity," Working Papers 04-15, Center for Economic Studies, U.S. Census Bureau.
- Jeßberger Christoph & Sindram Maximilian & Zimmer Markus, 2011.
"Global Warming Induced Water-Cycle Changes and Industrial Production – A Scenario Analysis for the Upper Danube River Basin,"
Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 231(3), pages 415-439, June.
- Christoph Jeßberger & Maximilian Sindram & Markus Zimmer, 2010. "Global Warming Induced Water-Cycle Changes and Industrial Production – A Scenario Analysis for the Upper Danube River Basin," ifo Working Paper Series 94, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Hisnanick, John J. & Kymn, Kern O., 1999. "Modeling economies of scale: the case of US electric power companies," Energy Economics, Elsevier, vol. 21(3), pages 225-237, June.
- Edward J. Feser, 2002. "Tracing the Sources of Local External Economies," Urban Studies, Urban Studies Journal Limited, vol. 39(13), pages 2485-2506, December.
- Tung Liu, 2020. "Measuring Technical, Allocative inefficiency, and Cost Inefficiency by Applying Duality Theory," Working Papers 202001, Ball State University, Department of Economics, revised Jun 2020.
- Ouyang, Wendi & Yang, Jian-bo, 2020. "The network energy and environment efficiency analysis of 27 OECD countries: A multiplicative network DEA model," Energy, Elsevier, vol. 197(C).
- H. Kim, 1999. "Economic Capacity Utilization and its Determinants: Theory and Evidence," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 15(4), pages 321-339, December.
- Lall, Somik V. & Shalizi, Zmarak & Deichmann, Uwe, 2004.
"Agglomeration economies and productivity in Indian industry,"
Journal of Development Economics, Elsevier, vol. 73(2), pages 643-673, April.
- Lall, Somik & Shalizi, Zmarak & Deichmann, Uwe, 2001. "Agglomeration economies and productivity in Indian industry," Policy Research Working Paper Series 2663, The World Bank.
- Henk Kox & George Leeuwen & Henry Wiel, 2007.
"Market Structure, Productivity and Scale in European Business Services,"
Palgrave Macmillan Books, in: Luis Rubalcaba & Henk Kox (ed.), Business Services in European Economic Growth, chapter 11, pages 195-212,
Palgrave Macmillan.
- Kox, Henk L.M. & Leeuwen, George van & Wiel, Henry van der, 2007. "Market structure, productivity and scale in European business services," MPRA Paper 6137, University Library of Munich, Germany.
- Tzouvelekas, Evaggelos, 2000. "Approximation Properties and Estimation of the Translog Production Function with Panel Data," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(1), pages 1-16, January.
- Liu, Tung, 2021. "Measuring cost inefficiency: A dual approach," Economic Modelling, Elsevier, vol. 99(C).
- Kander, Astrid & Stern, David I., 2014.
"Economic growth and the transition from traditional to modern energy in Sweden,"
Energy Economics, Elsevier, vol. 46(C), pages 56-65.
- Astrid Kander & David I. Stern, 2013. "Economic Growth and the Transition from Traditional to Modern Energy in Sweden," CAMA Working Papers 2013-65, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Daniel Graham & H. Kim, 2008. "An empirical analytical framework for agglomeration economies," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(2), pages 267-289, June.
- Takeshima, Hiroyuki & Houssou, Nazaire & Diao, Xinshen, 2018. "Effects of tractor ownership on returns-to-scale in agriculture: Evidence from maize in Ghana," Food Policy, Elsevier, vol. 77(C), pages 33-49.
- Growiec, Jakub & Mućk, Jakub, 2020.
"Isoelastic Elasticity Of Substitution Production Functions,"
Macroeconomic Dynamics, Cambridge University Press, vol. 24(7), pages 1597-1634, October.
- Jakub Growiec, 2015. "Isoelastic elasticity of substitution production functions," NBP Working Papers 201, Narodowy Bank Polski.
- Jakub Growiec & Jakub Muck, 2016. "Isoelastic Elasticity of Substitution Production Functions," KAE Working Papers 2016-001, Warsaw School of Economics, Collegium of Economic Analysis.
- Jakub Growiec & Jakub Muck, 2015. "Isoelastic Elasticity of Substitution Production Functions," Discussion Papers 15-13, University of Copenhagen. Department of Economics.
- Rangkakulnuwat, Poomthan & Wang, H. Holly & Ahn, Sung K., 2007. "The inverse imported factor demand system in Thailand: A cointegration analysis," Economics Letters, Elsevier, vol. 94(3), pages 402-407, March.
- Philip Ushchev, 2015. "The sources of sharing externalities: Specialization vs Competition," ERSA conference papers ersa15p1395, European Regional Science Association.
- Prasad, Rohit, 2015. "The production function methodology for estimating the value of spectrum," Telecommunications Policy, Elsevier, vol. 39(1), pages 77-88.
- I. Fraser & W. Horrace, 2003.
"Technical Efficiency of Australian Wool Production: Point and Confidence Interval Estimates,"
Journal of Productivity Analysis, Springer, vol. 20(2), pages 169-190, September.
- Iain Fraser & William C. Horrace, 2002. "Technical Efficiency of Australian Wool Production: Point and Confidence Interval Estimates," Public Economics 0206001, University Library of Munich, Germany, revised 11 May 2003.
- Fraser, Iain & Horrace, William C., 2002. "Technical Efficiency of Australian Wool Production: Point and Confidence Interval Estimates," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125084, Australian Agricultural and Resource Economics Society.
- Hiroshi Goto, 2015. "Inter-Industrial Factor Allocation in the Short and Long Runs in Chamberlinian Monopolistic Competition," Discussion Paper Series DP2015-36, Research Institute for Economics & Business Administration, Kobe University.
- Richard Green and Nicholas Vasilakos, 2012.
"Storing Wind for a Rainy Day: What Kind of Electricity Does Denmark Export?,"
The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
- Richard Green & Nicholas Vasilakos, 2012. "Storing Wind for a Rainy Day: What Kind of Electricity Does Denmark Export?," The Energy Journal, , vol. 33(3), pages 1-22, July.
- Richard Green & Nicholas Vasilakos, 2010. "Storing Wind for a Rainy Day: What Kind of Electricity Does Denmark Export?," Discussion Papers 10-19, Department of Economics, University of Birmingham.
- Richard Green & Nicholas Vasilakos, 2011. "Storing Wind for a Rainy Day What kind of electricity does Denmark export?," Working Paper series, University of East Anglia, Centre for Competition Policy (CCP) 2011-11, Centre for Competition Policy, University of East Anglia, Norwich, UK..
- Devran Sanli & Aziz Konukman, 2021. "The Impact of High-Tech Exports on Income: Findings on the Translog Production Function," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 71(71-2), pages 457-498, December.
- Madureira, António & den Hartog, Frank & Bouwman, Harry & Baken, Nico, 2013. "Empirical validation of Metcalfe’s law: How Internet usage patterns have changed over time," Information Economics and Policy, Elsevier, vol. 25(4), pages 246-256.
- Stern, David I., 2010. "Derivation of the Hicks, or direct, elasticity of substitution using the input distance function," Economics Letters, Elsevier, vol. 108(3), pages 349-351, September.
- Kim, Nam-Seok & Heshmati, Almas, 2017.
"The Relationship between Economic Growth and Democracy: Alternative Representations of Technological Change,"
GLO Discussion Paper Series
85, Global Labor Organization (GLO).
- Heshmati, Almas & Kim, Nam-Seok, 2017. "The Relationship between Economic Growth and Democracy: Alternative Representations of Technological Change," IZA Discussion Papers 10880, Institute of Labor Economics (IZA).
- Christian Holzner & Andrey Launov, 2005.
"Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation,"
ifo Working Paper Series
23, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Launov, Andrey & Holzner, Christian, 2005. "Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation," W.E.P. - Würzburg Economic Papers 64, University of Würzburg, Department of Economics.
- Holzner, Christian & Launov, Andrey, 2005. "Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation," IZA Discussion Papers 1904, Institute of Labor Economics (IZA).
- Andrey Launov & Christian Holzner, 2005. "Search Equilibrium, Production Parameters and Social Returns to Education: Theory and Estimation," 2005 Meeting Papers 604, Society for Economic Dynamics.
- Aiello, Francesco & Cardamone, Paola, 2012.
"Regional economic divide and the role of technological spillovers in Italy. Evidence from microdata,"
Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 205-220.
- Francesco Aiello & Paola Cardamone, 2010. "Regional Economic Divide And The Role Of Technological Spillovers In Italy. Evidence From Microdata," Working Papers 201010, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
- Aiello, Francesco & Cardamone, Paola, 2010. "Regional economic divide and the role of technological spillovers in Italy. Evidence from microdata," MPRA Paper 22572, University Library of Munich, Germany.
- Matthew Greenwood-Nimmo & Artur Tarassow, 2013. "A Macroeconometric Assessment of Minsky’s Financial Instability Hypothesis," Macroeconomics and Finance Series 201306, University of Hamburg, Department of Socioeconomics.
- Boqiang Lin & Kui Liu, 2017. "Energy Substitution Effect on China’s Heavy Industry: Perspectives of a Translog Production Function and Ridge Regression," Sustainability, MDPI, vol. 9(11), pages 1-15, October.
- Constantin Chilarescu, 2019.
"A Production Function with Variable Elasticity of Factor Substitution,"
Economics Bulletin, AccessEcon, vol. 39(4), pages 2343-2360.
- Constantin Chilarescu, 2019. "A Production Function with Variable Elasticity of Factor Substitution," Papers 1907.12624, arXiv.org.
- H. Youn Kim, 2003. "Intertemporal production and asset pricing: a duality approach," Oxford Economic Papers, Oxford University Press, vol. 55(2), pages 344-379, April.
- Perekhozhuk, Oleksandr, 2007.
"Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch,"
Studies on the Agricultural and Food Sector in Transition Economies,
Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 41, number 92322.
- Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch [Market structure and pricing on the Ukrainian market for raw milk]," MPRA Paper 21958, University Library of Munich, Germany.
- Niels Vestergaard & Dale Squires & Frank Jensen & Jesper L. Andersen, 2002. "Technical Efficiency of the Danish Trawl fleet: Are the Industrial Vessels Better than Others?," Working Papers 32/02, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
- S. Auci, 2014. "The role of production chains in Italian industry: A steady connection between Italy's North-West and South," Rivista economica del Mezzogiorno, Società editrice il Mulino, issue 3, pages 617-658.
- Jorge Ibarra Salazar & Francisco GarcÃa Pérez, 2016. "Las demandas de factores productivos en la industria maquiladora," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 31(2), pages 265-303.
- Maximilian Koppenberg & Stefan Hirsch, 2022. "Markup estimation: A comparison of contemporary methods at the example of European food retailers," Agribusiness, John Wiley & Sons, Ltd., vol. 38(1), pages 108-133, January.
- Rhee, Hyok-Joo & Yu, Sanggyun & Hirte, Georg, 2014. "Zoning in cities with traffic congestion and agglomeration economies," Regional Science and Urban Economics, Elsevier, vol. 44(C), pages 82-93.
- David Stern, 2011.
"Elasticities of substitution and complementarity,"
Journal of Productivity Analysis, Springer, vol. 36(1), pages 79-89, August.
- Stern, David I, 2008. "Elasticities of Substitution and Complementarity," MPRA Paper 12454, University Library of Munich, Germany.
- Evguenia Bessonova & Anna Tsvetkova, 2019. "Productivity convergence trends within Russian industries: firm-level evidence," Bank of Russia Working Paper Series wps51, Bank of Russia.
- repec:edi:wpaper:003 is not listed on IDEAS
- Shenglang Yang & Yixiao Zhou & Ligang Song, 2018. "Determinants of Intangible Investment and Its Impacts on Firms' Productivity: Evidence from Chinese Private Manufacturing Firms," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 26(6), pages 1-26, November.
- David I. Stern & Astrid Kander, 2012.
"The Role of Energy in the Industrial Revolution and Modern Economic Growth,"
The Energy Journal, , vol. 33(3), pages 125-152, July.
- David I. Stern and Astrid Kander, 2012. "The Role of Energy in the Industrial Revolution and Modern Economic Growth," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
- David I. Stern & Astrid Kander, 2011. "The Role of Energy in the Industrial Revolution and Modern Economic Growth," CAMA Working Papers 2011-01, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Ligia Alba Melo-Becerra & Antonio José Orozco-Gallo, 2017.
"Technical efficiency for Colombian small crop and livestock farmers: A stochastic metafrontier approach for different production systems,"
Journal of Productivity Analysis, Springer, vol. 47(1), pages 1-16, February.
- Ligia Alba Melo-Becerra & Antonio José Orozco-Gallo, 2015. "Technical efficiency for Colombian small crop and livestock farmers: A stochastic metafrontier approach for different production systems," Borradores de Economia 14052, Banco de la Republica.
- Ligia Alba Melo-Becerra & Antonio José Orozco-Gallo, 2015. "Technical efficiency for Colombian small crop and livestock farmers: A stochastic metafrontier approach for different production systems," Borradores de Economia 914, Banco de la Republica de Colombia.
- Liu, Kui & Bai, Hongkun & Yin, Shuo & Lin, Boqiang, 2018. "Factor substitution and decomposition of carbon intensity in China's heavy industry," Energy, Elsevier, vol. 145(C), pages 582-591.
- TOKUNAGA Suminori & KAGEYAMA Masahiro & AKUNE Yuko & NAKAMURA Ryohei, 2012. "Empirical Analysis of Agglomeration Economies in Japanese Assembly-type Manufacturing Industry for 1985-2000: Using a flexible translog production function," Discussion papers 12082, Research Institute of Economy, Trade and Industry (RIETI).
- Daniel J Graham, 2009. "Identifying urbanisation and localisation externalities in manufacturing and service industries," Papers in Regional Science, Wiley Blackwell, vol. 88(1), pages 63-84, March.
- Vangelis Tzouvelekas & Peter Midmore & Konstantinos Giannakas & Konstantinos Mattas, 1999.
"Decomposition of Olive Oil Production Growth into Productivity and Size Effects : A Frontier Production Function Approach,"
Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 51, pages 5-21.
- Tzouvelekas, Vangelis & Giannakas, Konstantinos & Midmore, Peter & Mattas, Konstantinos, 1999. "Decomposition of Olive Oil Production Growth into Productivity and Size Effects : A Frontier Production Function Approach," Cahiers d'Economie et de Sociologie Rurales (CESR), Institut National de la Recherche Agronomique (INRA), vol. 51.
- Vangelis Tzouvelekas & Konstantinos Giannakas & Peter Midmore & Konstantinos Mattas, 1999. "Decomposition of Olive Oil Production Growth into Productivity and Size Effects : A Frontier Production Function Approach," Post-Print hal-01200949, HAL.
- Graham, Daniel J., 2007. "Variable returns to agglomeration and the effect of road traffic congestion," Journal of Urban Economics, Elsevier, vol. 62(1), pages 103-120, July.
- Harris, Patrick, 2020. "To what extent has climate change impacted the Total Factor Productivity of the Australian beef industry by state and as a country?," MPRA Paper 100795, University Library of Munich, Germany.
- Harri Ramcharran, 2017. "Foreign direct investment in the Dominican Republic: consequences and recommendations for sustainable growth," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(3), pages 610-629, July.
- Kefyalew Endale, 2011. "Fertilizer Consumption and Agricultural Productivity in Ethiopia," Working Papers 003, Policy Studies Institute.
- Nelson H. Barbosa Filho, 2005.
"Estimating Potential Output : a Survey of the Alternative Methods and their Applications to Brazil,"
Discussion Papers
1092, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Nelson H. Barbosa Filho, 2015. "Estimating Potential Output: a Survey of the Alternative Methods and their Applications to Brazil," Discussion Papers 0147, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Nelson H Barbosa-Filho, 2005. "Estimating potential output: a survey of the alternative methods and their applications to Brazil," Macroeconomics 0503003, University Library of Munich, Germany.
- Ana Gouveia & Sílvia Santos & Marli Fernandes, 2017. "The empirics of agglomeration economies: the link with productivity," GEE Papers 0067, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Feb 2017.
- Nitin Gupta, 2012. "Impact of Elasticities of Substitution, Technical Change, and Labour Regulations on Labour Welfare in Indian Industries," ASARC Working Papers 2012-10, The Australian National University, Australia South Asia Research Centre.
- Drucker, Joshua & Feser, Edward, 2012. "Regional industrial structure and agglomeration economies: An analysis of productivity in three manufacturing industries," Regional Science and Urban Economics, Elsevier, vol. 42(1-2), pages 1-14.
- repec:ags:aaea22:336003 is not listed on IDEAS
- Emilia Del Bono & Josh Kinsler & Ronni Pavan, 2022. "Identification of dynamic latent factor models of skill formation with translog production," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(6), pages 1256-1265, September.
- Vestergaard, Niels & Squires , Dale & Jensen, Frank & Andersen, Jesper Levring, 2003. "Technical Efficiency of the Danish Trawl Fleet: Are the Industrial Vessels Better Than Others?," Nationaløkonomisk tidsskrift, Nationaløkonomisk Forening, vol. 2003(1), pages 225-242.
- Alberto Bucci & Philip Ushchev, 2016. "Specialization vs Competition: An Anatomy of Increasing Returns to Scale," HSE Working papers WP BRP 134/EC/2016, National Research University Higher School of Economics.
- Luca Grassetti & Enrico Gori & Simona Caterina Minotti, 2005. "Multilevel flexible specification of the production function in health economics," Working Papers 20050402, Università degli Studi di Milano-Bicocca, Dipartimento di Statistica.
- Edward Feser, 2004. "A Flexible Test for Agglomeration Economies in Two U.S. Manufacturing Industries," Working Papers 04-14, Center for Economic Studies, U.S. Census Bureau.
- Stern, David I., 2008. "Derivation of the Hicks Elasticity of Substitution from the Input Distance Function," MPRA Paper 12414, University Library of Munich, Germany.
- Sheng, Yu & Zhao, Shiji & Nossal, Katarina & Zhang, Dandan, 2015. "Productivity and farm size in Australian agriculture: reinvestigating the returns to scale," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 59(1), January.
- Tronconi, Claudia & Vittucci Marzetti, Giuseppe, 2011.
"Organization capital and firm performance. Empirical evidence for European firms,"
Economics Letters, Elsevier, vol. 112(2), pages 141-143, August.
- Claudia Tronconi & Giuseppe Vittucci Marzetti, 2010. "Organizational capital and firm performance. Empirical evidence for European firms," Department of Economics Working Papers 1018, Department of Economics, University of Trento, Italia.
- Feser, Edward J., 2001. "A flexible test for agglomeration economies in two US manufacturing industries," Regional Science and Urban Economics, Elsevier, vol. 31(1), pages 1-19, February.
- Zhu, Zhen & Xu, Zhigang & Shen, Yueqin & Huang, Chenming, 2020. "How forestland size affects household profits from timber harvests: A case-study in China’s Southern collective forest area," Land Use Policy, Elsevier, vol. 97(C).
- James Kirkley & Dale Squires & Ivar Strand, 1998. "Characterizing Managerial Skill and Technical Efficiency in a Fishery," Journal of Productivity Analysis, Springer, vol. 9(2), pages 145-160, March.
- Filho, Nelson H. Barbosa, 2004. "Estimating potential output: a survey of the alternative methods and their application to Brazil," Oficina de la CEPAL en Brasilia (Estudios e Investigaciones) 28401, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- William Ridley & Stephen Devadoss, 2021. "The Effects of COVID‐19 on Fruit and Vegetable Production," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(1), pages 329-340, March.
- Alejandro Ramírez Vigoya, 2015. "Ajuste de una función de producción al sector financiero en Colombia," Revista Facultad de Ciencias Económicas, Universidad Militar Nueva Granada, vol. 0(1), pages 141-156, June.
- Rodolfo Cermeño & Sirenia Vázquez, 2009. "Technological Backwardness in Agriculture: Is it Due to Lack of R&D, Human Capital, and Openness to International Trade?," Review of Development Economics, Wiley Blackwell, vol. 13(4), pages 673-686, November.
- Figlio, David N., 1999. "Functional form and the estimated effects of school resources," Economics of Education Review, Elsevier, vol. 18(2), pages 241-252, April.
- Daniel Graham, 2001. "Productivity growth in British manufacturing: spatial variation in the role of scale economies, technological growth and industrial structure," Applied Economics, Taylor & Francis Journals, vol. 33(6), pages 811-821.
- Ramcharran, Harri, 2017. "Bank lending to small business in India: Analyzing productivity and efficiency," The Quarterly Review of Economics and Finance, Elsevier, vol. 65(C), pages 16-24.
- Choi Paul Moon Sub & Kim Kee Beom & Seo Jinyoung, 2019. "Did capital replace labor? New evidence from offshoring," The B.E. Journal of Macroeconomics, De Gruyter, vol. 19(1), pages 1-22, January.
- Stephen M. Miller & Mukti P. Upadhyay, 2002. "Total Factor Productivity, Human Capital and Outward Orientation: Differences by Stage of Ddevelopment and Geographic Regions," Working papers 2002-33, University of Connecticut, Department of Economics.
- Croes, Robertico & Ridderstaat, Jorge & van Niekerk, Mathilda, 2018. "Connecting quality of life, tourism specialization, and economic growth in small island destinations: The case of Malta," Tourism Management, Elsevier, vol. 65(C), pages 212-223.
- Norbert Ernst & Michael Sigmund, 2023. "Are zombie firms really contagious? (Norbert Ernst, Michael Sigmund)," Working Papers 245, Oesterreichische Nationalbank (Austrian Central Bank).