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- Title
- AN ECONOMETRIC MODEL OF PALM BEACH COUNTY, FLORIDA.
- Creator
- HILTON, JOHN DAVID., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
The purpose of this thesis is to estimate an econometric model of Palm Beach County, Florida. An econometric model was chosen as the appropriate method for study as the said county is characteristic of a service based final demand economy. An underlying objective was to utilize data on income and employment variables available on a consistent bases from a Regional Economic Information System Data computer tape provided by the u.s. Department of Commerce 1983. These data distinguished among 11...
Show moreThe purpose of this thesis is to estimate an econometric model of Palm Beach County, Florida. An econometric model was chosen as the appropriate method for study as the said county is characteristic of a service based final demand economy. An underlying objective was to utilize data on income and employment variables available on a consistent bases from a Regional Economic Information System Data computer tape provided by the u.s. Department of Commerce 1983. These data distinguished among 11 industries and referred to the years 1967-1983. In conclusion the model shows that ordinary least squares estimation results were generally significant in the signas and goodness of fit. However evidence of positive serial correlation of the disturbances was detected and the results did not change substantially after applying the Cocran-Orcutt procedure.
Show less - Date Issued
- 1984
- PURL
- http://purl.flvc.org/fcla/dt/14197
- Subject Headings
- Palm Beach County (Fla)--Economic conditions--Mathematical models
- Format
- Document (PDF)
- Title
- TIME SERIES ANALYSIS OF INCOME AND CONSUMPTION.
- Creator
- THEALL, GEORGE ALBERT., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis uses time series analysis to construct models of income and consumption in the United States between 1947 and 1983. The data are quarterly observations on three measures of income and two of consumption. The study begins with a survey of univariate and multivariate model building techniques. With the life cycle - permanent income hypothesis as a foundation, theoretical models of income and consumption are discussed. These models are then fit to the data and examined. Tests for...
Show moreThis thesis uses time series analysis to construct models of income and consumption in the United States between 1947 and 1983. The data are quarterly observations on three measures of income and two of consumption. The study begins with a survey of univariate and multivariate model building techniques. With the life cycle - permanent income hypothesis as a foundation, theoretical models of income and consumption are discussed. These models are then fit to the data and examined. Tests for causality are also covered in order to determine the manner in which the two processes are related in a multivariate model.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14184
- Subject Headings
- Income--United States, Consumption (Economics)--United States, Time-series analysis
- Format
- Document (PDF)
- Title
- AN EMPIRICAL STUDY OF THE GREEK MANUFACTURING SECTOR.
- Creator
- THEOCHAROUS, ANDREAS S., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This paper uses annual time series, 1959-1975, to estimate fundamental parameters of the production process of the Greek manufacturing sector. The empirical analysis is carried out using the translog production and cost functions. Based on the results of the estimations some characteristics of the Greek manufacturing sector are explained.
- Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14172
- Subject Headings
- Greece--Manufactures, Greece--Industries
- Format
- Document (PDF)
- Title
- DISTRIBUTED LAG MODELS.
- Creator
- KEMMSIES, WALTER HAMILTON., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis presents various formulations of finite distributed lag models. The objective is to demonstrate how prior restrictions may be imposed on econometric models in order to estimate the lag distributions. Four formulations are thus reviewed, namely, the arithmetic lag model, the inverted-V lag model, the Almon polynomial, and the cubic spline lag model. For the latter formulations, the interpolation methods are reviewed. In addition, four models of consumption are estimated under the...
Show moreThis thesis presents various formulations of finite distributed lag models. The objective is to demonstrate how prior restrictions may be imposed on econometric models in order to estimate the lag distributions. Four formulations are thus reviewed, namely, the arithmetic lag model, the inverted-V lag model, the Almon polynomial, and the cubic spline lag model. For the latter formulations, the interpolation methods are reviewed. In addition, four models of consumption are estimated under the various lag models, for different lag lengths and orders of polynomials, in order to demonstrate the properties of each formulation. In the discussion of the results, certain inferences are made about the consumption functions.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14171
- Subject Headings
- Distributed lags (Economics)
- Format
- Document (PDF)
- Title
- A STUDY OF INFLATION IN THE GREEK ECONOMY DURING 1958-1980.
- Creator
- PRINOS, XENOPHON ATHAN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis empirically analyzes the problem of inflation in the Greek economy. The study is based upon annual data for the period 1958 to 1980. The econometric analysis is primarily based upon the Scandinavian model of inflation for a small open economy. This model explains inflation by structural differences in productivity between sectors and a transmission mechanism which links world inflation to domestic inflation. This study also examines an extended Phillips curve model which considers...
Show moreThis thesis empirically analyzes the problem of inflation in the Greek economy. The study is based upon annual data for the period 1958 to 1980. The econometric analysis is primarily based upon the Scandinavian model of inflation for a small open economy. This model explains inflation by structural differences in productivity between sectors and a transmission mechanism which links world inflation to domestic inflation. This study also examines an extended Phillips curve model which considers both excess demand variables and structural factors. The results indicate that the above models provide fairly good explanations of the inflationary process in Greece.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14170
- Subject Headings
- Inflation (Finance)--Greece, Greece--Economic conditions--1918-
- Format
- Document (PDF)
- Title
- ECONOMICS OF PRESERVATION: MIAMI BEACH AND PALM BEACH.
- Creator
- COSTOMIRIS, JOYCE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
This thesis extends the analysis of the economic benefits of historic preservation from the individual property owner to the entire community. Analyses are made of Miami Beach, Florida - once a wealthy resort community - and Palm Beach, Florida - which has maintained its status as a wealthy resort community. By comparing Miami B~ch results with Palm Beach results, the analyses determine whether Miami Beach's preservation decisions, which pertained to its character and residential nature, have...
Show moreThis thesis extends the analysis of the economic benefits of historic preservation from the individual property owner to the entire community. Analyses are made of Miami Beach, Florida - once a wealthy resort community - and Palm Beach, Florida - which has maintained its status as a wealthy resort community. By comparing Miami B~ch results with Palm Beach results, the analyses determine whether Miami Beach's preservation decisions, which pertained to its character and residential nature, have resulted in an adverse impact on its economic vitality. The type of analysis used is a time series analysis. Time series analyses of each community's individual tax base are conducted to determine whether age has had a positive or negative impact on the community. The analyses showed that in Miami Beach, as time passed, the tax base declined; yet in Palm Beach, as time passed, the tax base improved. Given the analyses, together with the history of the communities, it is concluded that massive reinvestment in new buildings did not result in an enhanced economic vitality in Miami Beach.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14159
- Subject Headings
- Palm Beach (Fla)--Buildings, structures, etc--Conservation and restoration, Miami Beach (Fla)--Buildings, structures, etc--Conservation and restoration
- Format
- Document (PDF)
- Title
- ECONOMIC IMPACT ANALYSIS OF THE AREA OF CRITICAL STATE CONCERN DESIGNATION ON THE FLORIDA KEYS.
- Creator
- YORK, MARIE LANGE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
The state of Florida recognized that the negative effects of development in the Florida Keys were extending beyond the local area and affecting the broader interests of the state itself. In an attempt to regulate growth and its effects, the state, in 1975, designated the archipelago off its southern coast an Area of Critical State Concern. Besides the environmental changes, this designation and its accompanying land use regulations have t he potential to create economic impacts. This thesis...
Show moreThe state of Florida recognized that the negative effects of development in the Florida Keys were extending beyond the local area and affecting the broader interests of the state itself. In an attempt to regulate growth and its effects, the state, in 1975, designated the archipelago off its southern coast an Area of Critical State Concern. Besides the environmental changes, this designation and its accompanying land use regulations have t he potential to create economic impacts. This thesis analyzes the Keys' economy and determines if the critical area designation impacted the local economy.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14138
- Subject Headings
- Land use--Law and legislation--Florida--Florida Keys, Florida Keys (Fla), Monroe County (Fla)--Economic conditions, Charlotte County (Fla)--Economic conditions
- Format
- Document (PDF)
- Title
- THE STABILITY OF THE DEMAND FOR MONEY IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES.
- Creator
- GRISWOLD, JEFFREY LEIGH., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent...
Show moreThis thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent variable along with an autocorrelated error term results in inconsistent and inefficient coefficient estimates. The Hatanaka technique is utilized to yield consistent and asymptotically efficient estimates of money demand. Finally, an equation is also estimated to examine the role of the entire term structures of interest rates in a money demand function.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14135
- Subject Headings
- Demand for money--United States
- Format
- Document (PDF)
- Title
- THE IMPACT OF MULTINATIONAL CORPORATE INVESTMENT ON SELECTED LATIN AMERICAN ECONOMIES.
- Creator
- DITTRICH, ELIZABETH DIANN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis analyzes the impact of transnational corporate investment patterns in five Latin American economies: Mexico, Peru, Columbia, Venezuela, and Brazil. Two important theories attributed to the dependencia and neoconventional schools of thought are first described and then econometrically tested for the above countries. The basic framework for econometrically testing these theories consists of a model specifying the domestic and foreign determinants of domestic capital formation....
Show moreThis thesis analyzes the impact of transnational corporate investment patterns in five Latin American economies: Mexico, Peru, Columbia, Venezuela, and Brazil. Two important theories attributed to the dependencia and neoconventional schools of thought are first described and then econometrically tested for the above countries. The basic framework for econometrically testing these theories consists of a model specifying the domestic and foreign determinants of domestic capital formation. Domestic determinants are formulated in terms of the 'accelerator' and loanable-funds theories of domestic investment behavior. Investment by multinational corporations is then added to the model to see if it makes any significant contribution towards indigenous investment. In order to take into account the lagged effects of multinational investment, an Almon lag estimation technique was adopted.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14131
- Subject Headings
- Investments, Foreign--Latin America, Investments, Foreign--Developing countries
- Format
- Document (PDF)
- Title
- COMPETITION AND PRICES IN A PERFECTLY COMPETITIVE ECONOMY.
- Creator
- HORNER, GEORGE FRENCH, JR., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
- Abstract/Description
-
In classical economic theory, competition consisted of buyers outbidding one another and sellers underbidding one another; and it was argued that, for sufficiently large markets, competition would yield uniform prices in equilibrium. Neoclassical economists subsequently investigated the role of preferences in trading, concluding that, in equilibrium, each trader would obtain the most desirable commodity bundle affordable at prevailing prices, given his initial resources. In the process,...
Show moreIn classical economic theory, competition consisted of buyers outbidding one another and sellers underbidding one another; and it was argued that, for sufficiently large markets, competition would yield uniform prices in equilibrium. Neoclassical economists subsequently investigated the role of preferences in trading, concluding that, in equilibrium, each trader would obtain the most desirable commodity bundle affordable at prevailing prices, given his initial resources. In the process, however, neoclassical economists ultimately made price uniformity an assumption, assumed individuals incapable of influencing prices under any circumstances, and redefined competition to mean price-taking behavior. By thus denying individuals any active role in price determination, an inconsistency was introduced into the theory. This thesis eliminates the inconsistency by combining classical competitive behavior and the neoclassical insights into the role of preferences, to produce an axiomatic theory of competition within which the characteristics of equilibrium (uniform prices and utility maximization) are rigorously derived.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14128
- Subject Headings
- Competition, Prices
- Format
- Document (PDF)
- Title
- INPUT-OUTPUT MODELS OF THE ECONOMIC BASE OF MONROE COUNTY, FLORIDA.
- Creator
- SAVAGE, KIM LENORE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
A 1979 input-output model was developed for Monroe County regional data, by reducing the 1972 National Input-Output Table using the simple location quotient technique of Shaffer and Chu. A 1979 economic base model was also developed for Monroe County using simple location quotients. Input-output and economic base theory were presented prior to the actual formulation of the regional models. The economic structure of Monroe County, the components of the economic base, and the income multipliers...
Show moreA 1979 input-output model was developed for Monroe County regional data, by reducing the 1972 National Input-Output Table using the simple location quotient technique of Shaffer and Chu. A 1979 economic base model was also developed for Monroe County using simple location quotients. Input-output and economic base theory were presented prior to the actual formulation of the regional models. The economic structure of Monroe County, the components of the economic base, and the income multipliers were presented. An analysis of the economic impact on income in the region by the components of the economic base under alternative models is discussed.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14116
- Subject Headings
- Monroe County (Fla)--Economic conditions
- Format
- Document (PDF)
- Title
- TIME SERIES ANALYSIS OF INFLATION AND UNEMPLOYMENT 1948 - 1981.
- Creator
- MORIARTY, PATRICK JAMES., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of time series modeling techniques applied to the relationship between the rate of inflation and unemployment. The data used in this study are quarterly for the United States from 1948 - 1981. The study begins by reviewing the major theories of inflation and unemployment. Univariate stochastic time series methods are introduced and applied to the above-mentioned relationship. Multivariate stochastic time series methods are then fit to a series of related variables to...
Show moreThis thesis is a study of time series modeling techniques applied to the relationship between the rate of inflation and unemployment. The data used in this study are quarterly for the United States from 1948 - 1981. The study begins by reviewing the major theories of inflation and unemployment. Univariate stochastic time series methods are introduced and applied to the above-mentioned relationship. Multivariate stochastic time series methods are then fit to a series of related variables to investigate the validity of the lag structures employed on the relationship between inflation and unemployment.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14114
- Subject Headings
- Unemployment--United States--Effect of inflation on, Time-series analysis
- Format
- Document (PDF)
- Title
- MONETARY AND FISCAL POLICIES AND THE BALANCE OF PAYMENTS.
- Creator
- OKTAR, MURAT RUSTU., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis deals with the effect of the fiscal and monetary policies in the models of the balance of payments for a small country model with and without nontraded goods. The first chapter provides an introduction. In Chapter Two, a balance of payments model which makes no distinction between traded and nontraded goods is examined under the fixed and flexible exchange rates. In Chapter Three, the definition of nontraded goods is given and the Dornbush model is analyzed in the case of demand...
Show moreThis thesis deals with the effect of the fiscal and monetary policies in the models of the balance of payments for a small country model with and without nontraded goods. The first chapter provides an introduction. In Chapter Two, a balance of payments model which makes no distinction between traded and nontraded goods is examined under the fixed and flexible exchange rates. In Chapter Three, the definition of nontraded goods is given and the Dornbush model is analyzed in the case of demand shift from the traded goods to nontraded goods and the transfer payments to the foreign country. In Chapter Four, a balance of payments model with nontraded goods is examined under the fixed and flexible exchange rates. The fifth chapter summarizes the previous chapters and gives some conclusions.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14109
- Subject Headings
- Balance of payments--Mathematical models, Fiscal policy--Mathematical models, Monetary policy--Mathematical models
- Format
- Document (PDF)
- Title
- DENTAL PRODUCTIVITY POTENTIAL IN FLORIDA.
- Creator
- EFSTATHIOU, PANOS E., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
- Abstract/Description
-
This thesis contains an investigation of the potential for increasing dental productivity in Florida. This investigation of the Florida dental care industry is conducted from a micro-economic-theoretical perspective. It is performed under a methodological framework that incorporates the estimation of a dental production function for Florida using data on general practices from the ADA 1977 Survey of Dental Practice and employing the transcendental logarithmic production function. As a...
Show moreThis thesis contains an investigation of the potential for increasing dental productivity in Florida. This investigation of the Florida dental care industry is conducted from a micro-economic-theoretical perspective. It is performed under a methodological framework that incorporates the estimation of a dental production function for Florida using data on general practices from the ADA 1977 Survey of Dental Practice and employing the transcendental logarithmic production function. As a complement to this estimation a survey of the relevant literature and an examination of the general characteristics of Florida dental practices are presented. The general implication is that the productivity of Florida practices could be increased and associated delivery costs could be reduced by expanding the market for dental services, adding more staff, and increasing the number of dentists per practice, as well as by a more efficient use of dental personnel including auxiliaries with expanded functions.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14107
- Subject Headings
- Dental economics--Florida
- Format
- Document (PDF)
- Title
- THE CAPITAL ASSET PRICING MODEL.
- Creator
- Ayala, Mary D., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical...
Show moreThis thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical problems associated with test design are highlighted. It is shown that variations in test design produce controversial test results. The specific tests reviewed here fail to provide strong support for the nodel; nevertheless it becomes evident that such tests fostered a vast outpouring of new and extended models. The CAPM remains a breakthrough in financial and economic literature which deserves to be explored even more intensely in the future.
Show less - Date Issued
- 1981
- PURL
- http://purl.flvc.org/fcla/dt/14067
- Subject Headings
- Capital assets pricing model
- Format
- Document (PDF)
- Title
- AN ECONOMETRIC MODEL OF FLORIDA'S GOLD COAST.
- Creator
- BUCCA, JANE KIRKER., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis deals with regional econometric models. The first chapter discusses static economic modeling. Chapter Two deals with models of substate regional economics. The third chapter presents an econometric model of Florida's Gold Coast including dynamic analysis of short and long run adjustment.
- Date Issued
- 1981
- PURL
- http://purl.flvc.org/fcla/dt/14049
- Subject Headings
- Economics--Florida--Mathematical models, Florida--Economic conditions--Mathematical models
- Format
- Document (PDF)
- Title
- INFLATION AND ECONOMIC STIMULUS.
- Creator
- MOONEY, JAY MORTON., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the relationship between fiscal policy and monetary policy and the rate of inflation for the U.S. using annual data 1955 to 1979. A survey of macroeconomic theory of inflation is presented. The rate of inflation is shown to be dependent upon the rate of monetary and fiscal stimulus in the economy. A long run monetary growth model of the neoclassical type is examined which shows the relationship between inflation and economic stimulus to be very complex. An empirical...
Show moreThis thesis examines the relationship between fiscal policy and monetary policy and the rate of inflation for the U.S. using annual data 1955 to 1979. A survey of macroeconomic theory of inflation is presented. The rate of inflation is shown to be dependent upon the rate of monetary and fiscal stimulus in the economy. A long run monetary growth model of the neoclassical type is examined which shows the relationship between inflation and economic stimulus to be very complex. An empirical examination was done to examine the effects of monetary policy, fiscal policy and productivity on the rate of inflation.
Show less - Date Issued
- 1981
- PURL
- http://purl.flvc.org/fcla/dt/14046
- Subject Headings
- Inflation (Finance)--United States
- Format
- Document (PDF)
- Title
- THE NEUTRALITY OF MONETARY POLICY IN A GROWING ECONOMY.
- Creator
- KOLTSIDOPOULOS, PANAGIOTIS THEODOROS., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
In economic theory, the question has regularly arisen as to how far the growth rate of the money supply and the rate of inflation could influence the development of the economy in the long run. This concentrates basically to the question whether money - dynamically considered - is neutral or not. We intend to review in this study the present state of monetary theory as it appears from the literature. We shall be focusing on the question whether money maintains the feature of neutrality in a...
Show moreIn economic theory, the question has regularly arisen as to how far the growth rate of the money supply and the rate of inflation could influence the development of the economy in the long run. This concentrates basically to the question whether money - dynamically considered - is neutral or not. We intend to review in this study the present state of monetary theory as it appears from the literature. We shall be focusing on the question whether money maintains the feature of neutrality in a framework of growth theory.
Show less - Date Issued
- 1980
- PURL
- http://purl.flvc.org/fcla/dt/14039
- Subject Headings
- Monetary policy
- Format
- Document (PDF)
- Title
- THE EFFICIENT MARKETS HYPOTHESIS AS IT APPLIES TO SECURITIES.
- Creator
- MCCARTHY, JOSEPH MICHAEL., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis deals with the efficient markets hypothesis as it applies to the securities market. The first chapter provides the various forms of the EMH and its theoretical basis. Chapter two analyzes the weak form of the EMH and the major empirical contributions concerning it. Chapter three presents the strong forms of the EMH. It is concluded on the basis of a substantial and consistent body of analysis that efficient is an accurate description of the securities market.
- Date Issued
- 1980
- PURL
- http://purl.flvc.org/fcla/dt/14035
- Subject Headings
- Investment analysis
- Format
- Document (PDF)
- Title
- COST FUNCTIONS FOR FLORIDA HOSPITALS: AN ECONOMETRIC STUDY.
- Creator
- PIKE, STEVEN WESLEY., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
The theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function...
Show moreThe theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function including: speed of production; product heterogeneity; urbanization; control of the hospital and the interactions of control with speed of production; and product complexity. These variables significantly improve the explanatory power of the function which results in an inverted L-shaped curve.
Show less - Date Issued
- 1980
- PURL
- http://purl.flvc.org/fcla/dt/14012
- Subject Headings
- Hospitals--Florida--Cost of operation
- Format
- Document (PDF)