How to cite this paper
Thach, N. (2020). Learning-by-doing effect: Evidence from firms of an emerging economy.Accounting, 6(5), 795-804.
Refrences
Anh, L.H., Kreinovich V., & Thach N.N. (2018). Econometrics for Financial Applications. Cham: Springer.
Alchian, A. (1963). Reliability of progress curves in airframe production. Econometrica: Journal of the Econometric Society, 31(4), 679-693.
Arrow, K. J. (1962). The Economic Implications of Learning-by-doing. Review of Economic Studies, 29, 155–173.
Bahk, B. H. & Gort, M (1993). Decomposing learning-by-doing in new plants. Journal of Political Economy, 101(4), 561–583.
Baloff, N. (1966). Startups in machine-intensive production systems. Journal of Industrial Engineering, 17(1), 25.
Block, J. H., Jaskiewicz, P., & Miller, D. (2011). Ownership versus management effects on performance in family and founder companies: A Bayesian reconciliation. Journal of Family Business Strategy, 2(4), 232-245.
Coad, A., Segarra, A., & Teruel, M. (2013). Like milk or wine: Does firm performance improve with age?. Structural Change and Economic Dynamics, 24, 173-189.
Conway, R. W., & Schultz, Andrew, Jr. (1959). The Manufacturing Progress Function. Journal of Industrial Engineering, 10, 39–53.
Cowling, M., Liu, W., & Ledger, A. (2012). Small business financing in the UK before and after the financial crisis. International Small Business Journal, 30(7), 778–800.
David P.A. (1973). The «Horndal effect» in Lowell, 1834–1856: A short-run learning curve for integrated cotton textile mills. Explorations in Economic History, 10(2), 131–150.
Dogan, M. (2013). Does firm size affect the firm profitability: Evidence from Turkey data of 200 companies active in the Instanbul Stock Exchange between 2008-2011. Research Journal of Finance and Accounting, 4(4), 53–59.
Gardner, J. W. (1965). How to prevent organizational dry rot. Rice Thresher, 53(5).
Garnsey, E. (1998). A theory of the early growth of the firm. Industrial and Corporate Change, 7(3), 523–556.
Gelman, A. & Hill, J. (2007). Data analysis using regression and multilevel/hierarchical models. Cambridge Univ. Press.
Gort, M., Grabowski, H., & McGuckin, R. (1985). Organizational capital and the choice between specialization and diversification. Managerial and Decision Economics, 6(1), 2-10.
Halil, E. A., & Hasan, A. K. (2012). The effect of firm size on profitability: An empirical Icelandic firms. Bifröst Journal of Social Science, 1, 33-42.
Reese, H. W. (2011). The learning-by-doing principle. Behavioral development bulletin, 17(1), 1.
Hannan, M. T., & Carroll, G. R. (1992). Dynamics of organizational populations: Density, legitimation, and competition. Oxford University Press.
Hartley, K. (1965). The learning curve and its application to the aircraft industry. The Journal of Industrial Economics, 13(2),122-128.
Harvie, C., Narjoko, D., & Oum, S. (2010). Firm characteristic determinants of SME participation in production networks. ERIA discussion paper series, 11, 1-52.
Hirsch, W. Z. (1952). Manufacturing progress functions. The Review of Economics and Statistics, 34(2), 143-155.
Hirsch, W. Z. (1956). Firm progress ratios. Econometrica, Journal of the Econometric Society, 24(2), 136-143.
Hobbs, N. T., & Hooten, M. B. (2015). Bayesian models: a statistical primer for ecologists. Princeton University Press.
Hui, H., Wan Mohamed Radzi, C. W. J., Salarzadeh Jenatabadi, H., Abu Kasim, F., & Radu, S. (2013). Influence of organizational learning and innovation on organizational performance in Asian manufacturing food industry. Asian Journal of Empirical Research, 3(8), 962–971.
Nguyen, H. T., & Thach, N. N. (2018). A Panorama of Applied Mathematical Problems in Economics. Thai Journal of Mathematics, 1-20.
Hung, T. N. & Thach, N.N. (2019). A Closer Look at the Modeling of Economics Data. In: Kreinovich V., Thach N., Trung N., Van Thanh D. (eds) Beyond Traditional Probabilistic Methods in Economics. ECONVN 2019. Studies in Computational Intelligence, vol 809. Springer, Cham. https://doi.org/10.1007/978-3-030-04200-4_7
Hung, T. N., Trung, N.D., & Thach, N.N. (2019a). Beyond Traditional Probabilistic Methods in Econometrics. In: Kreinovich V., Thach N., Trung N., Van Thanh D. (eds) Beyond Traditional Probabilistic Methods in Economics. ECONVN 2019. Studies in Computational Intelligence, vol 809. Springer, Cham. https://doi.org/10.1007/978-3-030-04200-4_1
Hung T. N., Sriboonchitta, S., & Thach, N.N. (2019b). On Quantum Probability Calculus for Modeling Economic Decisions. In: Kreinovich V., Sriboonchitta S. (eds) Structural Changes and their Econometric Modeling. TES 2019. Studies in Computational Intelligence, 808. Springer, Cham, 18–34. https://doi.org/10.1007/978-3-030-04263-9_2
Ilaboya Ofuan, J. & Ohiokha Izien. F. (2016). Firm Age, Size and Profitability Dynamics: A Test of Learning-by-doing and Structural Inertia Hypotheses. Business and Management Research, 5(1), 28–39.
John, A. O., & Adebayo, O. (2013). Effect of firm size on profitability: Evidence from Nigerian manufacturing sector. Prime Journal of Business Administration and Management (BAM), 3(9), 1171-1175.
Karabarbounis, L., & Neiman, B. (2014). The Global Decline of the Labor Share. The Quarterly Journal of Economics, 129, 61–103. DOI:10.1093/qje/qjt032.
Killingsworth, M. R. (1982). “Learning by doing” and “investment in training”: A synthesis of two “rival” models of the life cycle. The Review of Economic Studies, 49(2), 263-271.
Korner-Nievergelt, F. Roth, T., Felten, S., Guélat, J., Almasi, B., & Korner-Nievergelt, P. (2015). Bayesian data analysis in ecology using linear models with R, BUGS and STAN. Academic Press.
Kreinovich, V., Thach, N.N., Trung, N.D., & Thanh, D.V., eds. (2019). Beyond Traditional Probabilistic Methods in Economics. Cham: Springer, DOI: 10.1007/978-3-030-04200-4
Kristiansen, S., Furuholt, B., & Wahid, F. (2003). Internet cafe entrepreneurs: pioneers in information dissemination in Indonesia. The International Journal of Entrepreneurship and Innovation, 4(4), 251–263
Kruschke, J. K. (2010). Doing Bayesian data analysis: a tutorial with R and BUGS, 1st edn. Academic Press.
Lazonick, W., & Brush, T. (1985). The «Horndal Effect» in early U.S. manufacturing. Explorations in Economic History, 22(1), 53–96.
Lieberman, M. B. (1984). The learning curve and pricing in the chemical processing industries. The RAND Journal of Economics, 15(2), 213-228.
Lemoine, N.P. (2019). Moving beyond noninformative priors: why and how to choose weakly informative priors in Bayesian analyses. Oikos, 128, 912–928.
Majumdar, S. K. (1997). Impact of size and age on firm-level performance: Some evidence from India. Review of Industrial Organisation, 12, 231-241. http://dx.doi.org/10.1023/A:1007766324749
Montgomery, F. J. (1943). Increased Productivity in the Construction of Liberty Vessels. Monthly Labor Review, 57, 861-64.
Nezlek, J. B. (2008). An Introduction to Multilevel Modeling for Social and Personality Psychology. Social and Personality Psychology Compass, 2, 842–60. DOI:10.1111/j.1751-9004.2007.00059.x.
Okunbo O. & Oghuvwu M. E. (2019). Firm size, age, and entrepreneurial performance. Accounting and Taxation Review, 3(2), 49–56
Papatogonas, E. M. (2007). Financial performance of large and small firms: Evidence from Greece. International Journal of Financial Service Management, 2(1/2), 14-20. http://dx.doi.org/10.1504/IJFSM.2007.011668
Pervan, M., Pervan, I., & Ćurak, M. (2017). The influence of age on firm performance: evidence from the Croatian food industry. Journal of Eastern Europe Research in Business and Economics, 2017(1), 1-10.
Prescott, E. C., & Visscher, M. (1980). Organization capital. Journal of Political Economy, 88(3), 446-461.
Preston, L. E., & Keachie, E. C. (1964). Cost functions and progress functions: An integration. The American Economic Review, 54(2), 100-107.
Rapping, L. (1965). Learning and World War II production functions. The Review of Economics and Statistics, 47, 81-86.
Roberts, G. O., & Rosenthal, J. S. (2001). Optimal scaling for various Metropolis-Hastings algorithms. Statistical science, 16(4), 351-367.
Rosli, M. M. (2011). Determinants of small and medium enterprises performance in the Malaysian auto-parts industry. African Journal of Business Management, 5(20), 8235-8341.
Sriboonchitta, S., Nguyen, H. T., Kosheleva, O., Kreinovich, V., & Nguyen, T. N. (2019, January). Quantum approach explains the need for expert knowledge: on the example of econometrics. In International Conference of the Thailand Econometrics Society (pp. 191-199). Springer, Cham.
Sheshinski, E. (1967). Tests of the" learning by doing" hypothesis. The review of Economics and Statistics, 49(4), 568-578.
Svítek, M., Kosheleva, O., Kreinovich, V., & Nguyen, T. N. (2019, January). Why quantum (wave probability) models are a good description of many non-quantum complex systems, and how to go beyond quantum models. In International Econometric Conference of Vietnam (pp. 168-175). Springer, Cham.
Thach, N. N. (2020a). How to Explain when the ES is Lower than One? A Bayesian Nonlinear Mixed-Effects Approach. Journal of Risk and Financial Management, 13(2). https://doi.org/10.3390/jrfm13020021
Thach, N.N. (2020b). The Variable Elasticity of Substitution Function and Endogenous Growth; An Empirical Evidence from Vietnam. International Journal of Economics and Business Administration, 8(1), 263–277. DOI: 10.35808/ijeba/424
Thach, N.N., Kreinovich, V., & Trung, N.D., eds. (2020). Data Science for Financial Econometrics. Cham: Springer.
Tomer, J. (1981). Organizational change, organization capital and economic growth. Eastern Economic Journal, 7(1), 1-14.
Vietnam General Statistics Office (2019). https://gso.gov.vn/default.aspx?tabid=716
Wright, T. P. (1936). Factors affecting the cost of airplanes. Journal of the Aeronautical Sciences, 3(4), 122-128.
Yang, R., & Berger, J. O. (1996). A catalog of noninformative priors (pp. 97-42). Institute of Statistics and Decision Sciences, Duke University.
Alchian, A. (1963). Reliability of progress curves in airframe production. Econometrica: Journal of the Econometric Society, 31(4), 679-693.
Arrow, K. J. (1962). The Economic Implications of Learning-by-doing. Review of Economic Studies, 29, 155–173.
Bahk, B. H. & Gort, M (1993). Decomposing learning-by-doing in new plants. Journal of Political Economy, 101(4), 561–583.
Baloff, N. (1966). Startups in machine-intensive production systems. Journal of Industrial Engineering, 17(1), 25.
Block, J. H., Jaskiewicz, P., & Miller, D. (2011). Ownership versus management effects on performance in family and founder companies: A Bayesian reconciliation. Journal of Family Business Strategy, 2(4), 232-245.
Coad, A., Segarra, A., & Teruel, M. (2013). Like milk or wine: Does firm performance improve with age?. Structural Change and Economic Dynamics, 24, 173-189.
Conway, R. W., & Schultz, Andrew, Jr. (1959). The Manufacturing Progress Function. Journal of Industrial Engineering, 10, 39–53.
Cowling, M., Liu, W., & Ledger, A. (2012). Small business financing in the UK before and after the financial crisis. International Small Business Journal, 30(7), 778–800.
David P.A. (1973). The «Horndal effect» in Lowell, 1834–1856: A short-run learning curve for integrated cotton textile mills. Explorations in Economic History, 10(2), 131–150.
Dogan, M. (2013). Does firm size affect the firm profitability: Evidence from Turkey data of 200 companies active in the Instanbul Stock Exchange between 2008-2011. Research Journal of Finance and Accounting, 4(4), 53–59.
Gardner, J. W. (1965). How to prevent organizational dry rot. Rice Thresher, 53(5).
Garnsey, E. (1998). A theory of the early growth of the firm. Industrial and Corporate Change, 7(3), 523–556.
Gelman, A. & Hill, J. (2007). Data analysis using regression and multilevel/hierarchical models. Cambridge Univ. Press.
Gort, M., Grabowski, H., & McGuckin, R. (1985). Organizational capital and the choice between specialization and diversification. Managerial and Decision Economics, 6(1), 2-10.
Halil, E. A., & Hasan, A. K. (2012). The effect of firm size on profitability: An empirical Icelandic firms. Bifröst Journal of Social Science, 1, 33-42.
Reese, H. W. (2011). The learning-by-doing principle. Behavioral development bulletin, 17(1), 1.
Hannan, M. T., & Carroll, G. R. (1992). Dynamics of organizational populations: Density, legitimation, and competition. Oxford University Press.
Hartley, K. (1965). The learning curve and its application to the aircraft industry. The Journal of Industrial Economics, 13(2),122-128.
Harvie, C., Narjoko, D., & Oum, S. (2010). Firm characteristic determinants of SME participation in production networks. ERIA discussion paper series, 11, 1-52.
Hirsch, W. Z. (1952). Manufacturing progress functions. The Review of Economics and Statistics, 34(2), 143-155.
Hirsch, W. Z. (1956). Firm progress ratios. Econometrica, Journal of the Econometric Society, 24(2), 136-143.
Hobbs, N. T., & Hooten, M. B. (2015). Bayesian models: a statistical primer for ecologists. Princeton University Press.
Hui, H., Wan Mohamed Radzi, C. W. J., Salarzadeh Jenatabadi, H., Abu Kasim, F., & Radu, S. (2013). Influence of organizational learning and innovation on organizational performance in Asian manufacturing food industry. Asian Journal of Empirical Research, 3(8), 962–971.
Nguyen, H. T., & Thach, N. N. (2018). A Panorama of Applied Mathematical Problems in Economics. Thai Journal of Mathematics, 1-20.
Hung, T. N. & Thach, N.N. (2019). A Closer Look at the Modeling of Economics Data. In: Kreinovich V., Thach N., Trung N., Van Thanh D. (eds) Beyond Traditional Probabilistic Methods in Economics. ECONVN 2019. Studies in Computational Intelligence, vol 809. Springer, Cham. https://doi.org/10.1007/978-3-030-04200-4_7
Hung, T. N., Trung, N.D., & Thach, N.N. (2019a). Beyond Traditional Probabilistic Methods in Econometrics. In: Kreinovich V., Thach N., Trung N., Van Thanh D. (eds) Beyond Traditional Probabilistic Methods in Economics. ECONVN 2019. Studies in Computational Intelligence, vol 809. Springer, Cham. https://doi.org/10.1007/978-3-030-04200-4_1
Hung T. N., Sriboonchitta, S., & Thach, N.N. (2019b). On Quantum Probability Calculus for Modeling Economic Decisions. In: Kreinovich V., Sriboonchitta S. (eds) Structural Changes and their Econometric Modeling. TES 2019. Studies in Computational Intelligence, 808. Springer, Cham, 18–34. https://doi.org/10.1007/978-3-030-04263-9_2
Ilaboya Ofuan, J. & Ohiokha Izien. F. (2016). Firm Age, Size and Profitability Dynamics: A Test of Learning-by-doing and Structural Inertia Hypotheses. Business and Management Research, 5(1), 28–39.
John, A. O., & Adebayo, O. (2013). Effect of firm size on profitability: Evidence from Nigerian manufacturing sector. Prime Journal of Business Administration and Management (BAM), 3(9), 1171-1175.
Karabarbounis, L., & Neiman, B. (2014). The Global Decline of the Labor Share. The Quarterly Journal of Economics, 129, 61–103. DOI:10.1093/qje/qjt032.
Killingsworth, M. R. (1982). “Learning by doing” and “investment in training”: A synthesis of two “rival” models of the life cycle. The Review of Economic Studies, 49(2), 263-271.
Korner-Nievergelt, F. Roth, T., Felten, S., Guélat, J., Almasi, B., & Korner-Nievergelt, P. (2015). Bayesian data analysis in ecology using linear models with R, BUGS and STAN. Academic Press.
Kreinovich, V., Thach, N.N., Trung, N.D., & Thanh, D.V., eds. (2019). Beyond Traditional Probabilistic Methods in Economics. Cham: Springer, DOI: 10.1007/978-3-030-04200-4
Kristiansen, S., Furuholt, B., & Wahid, F. (2003). Internet cafe entrepreneurs: pioneers in information dissemination in Indonesia. The International Journal of Entrepreneurship and Innovation, 4(4), 251–263
Kruschke, J. K. (2010). Doing Bayesian data analysis: a tutorial with R and BUGS, 1st edn. Academic Press.
Lazonick, W., & Brush, T. (1985). The «Horndal Effect» in early U.S. manufacturing. Explorations in Economic History, 22(1), 53–96.
Lieberman, M. B. (1984). The learning curve and pricing in the chemical processing industries. The RAND Journal of Economics, 15(2), 213-228.
Lemoine, N.P. (2019). Moving beyond noninformative priors: why and how to choose weakly informative priors in Bayesian analyses. Oikos, 128, 912–928.
Majumdar, S. K. (1997). Impact of size and age on firm-level performance: Some evidence from India. Review of Industrial Organisation, 12, 231-241. http://dx.doi.org/10.1023/A:1007766324749
Montgomery, F. J. (1943). Increased Productivity in the Construction of Liberty Vessels. Monthly Labor Review, 57, 861-64.
Nezlek, J. B. (2008). An Introduction to Multilevel Modeling for Social and Personality Psychology. Social and Personality Psychology Compass, 2, 842–60. DOI:10.1111/j.1751-9004.2007.00059.x.
Okunbo O. & Oghuvwu M. E. (2019). Firm size, age, and entrepreneurial performance. Accounting and Taxation Review, 3(2), 49–56
Papatogonas, E. M. (2007). Financial performance of large and small firms: Evidence from Greece. International Journal of Financial Service Management, 2(1/2), 14-20. http://dx.doi.org/10.1504/IJFSM.2007.011668
Pervan, M., Pervan, I., & Ćurak, M. (2017). The influence of age on firm performance: evidence from the Croatian food industry. Journal of Eastern Europe Research in Business and Economics, 2017(1), 1-10.
Prescott, E. C., & Visscher, M. (1980). Organization capital. Journal of Political Economy, 88(3), 446-461.
Preston, L. E., & Keachie, E. C. (1964). Cost functions and progress functions: An integration. The American Economic Review, 54(2), 100-107.
Rapping, L. (1965). Learning and World War II production functions. The Review of Economics and Statistics, 47, 81-86.
Roberts, G. O., & Rosenthal, J. S. (2001). Optimal scaling for various Metropolis-Hastings algorithms. Statistical science, 16(4), 351-367.
Rosli, M. M. (2011). Determinants of small and medium enterprises performance in the Malaysian auto-parts industry. African Journal of Business Management, 5(20), 8235-8341.
Sriboonchitta, S., Nguyen, H. T., Kosheleva, O., Kreinovich, V., & Nguyen, T. N. (2019, January). Quantum approach explains the need for expert knowledge: on the example of econometrics. In International Conference of the Thailand Econometrics Society (pp. 191-199). Springer, Cham.
Sheshinski, E. (1967). Tests of the" learning by doing" hypothesis. The review of Economics and Statistics, 49(4), 568-578.
Svítek, M., Kosheleva, O., Kreinovich, V., & Nguyen, T. N. (2019, January). Why quantum (wave probability) models are a good description of many non-quantum complex systems, and how to go beyond quantum models. In International Econometric Conference of Vietnam (pp. 168-175). Springer, Cham.
Thach, N. N. (2020a). How to Explain when the ES is Lower than One? A Bayesian Nonlinear Mixed-Effects Approach. Journal of Risk and Financial Management, 13(2). https://doi.org/10.3390/jrfm13020021
Thach, N.N. (2020b). The Variable Elasticity of Substitution Function and Endogenous Growth; An Empirical Evidence from Vietnam. International Journal of Economics and Business Administration, 8(1), 263–277. DOI: 10.35808/ijeba/424
Thach, N.N., Kreinovich, V., & Trung, N.D., eds. (2020). Data Science for Financial Econometrics. Cham: Springer.
Tomer, J. (1981). Organizational change, organization capital and economic growth. Eastern Economic Journal, 7(1), 1-14.
Vietnam General Statistics Office (2019). https://gso.gov.vn/default.aspx?tabid=716
Wright, T. P. (1936). Factors affecting the cost of airplanes. Journal of the Aeronautical Sciences, 3(4), 122-128.
Yang, R., & Berger, J. O. (1996). A catalog of noninformative priors (pp. 97-42). Institute of Statistics and Decision Sciences, Duke University.