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Institutions, Freedom, and Technical Efficiency
Open accessAbstract
The impact of institutions on economic performance is currently the subject of much research. In this study we use panel data to estimate a stochastic production frontier and the sources of inefficiency for a broad set of countries. A maximum‐likelihood procedure is used to estimate the parameters for the stochastic production frontier and the determinants of inefficiency simultaneously. Our results show that institutions that promote greater economic freedom in turn promote efficiency.
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Cites
The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988
Summers, R., & Heston, A. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937941 · Cited by 3,429
Cited by
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Méon, P.-G., & Weill, L. (2010) · World Development · doi:10.1016/j.worlddev.2009.06.004 · Cited by 894
Foreign direct investment, economic freedom and economic growth: International evidence
Azman-Saini, W. N. W., Baharumshah, A. Z., & Law, S. H. (2010) · Economic Modelling · doi:10.1016/j.econmod.2010.04.001 · Cited by 462
The endless nexus between ethnic diversity, social exclusion and institutional quality of Pakistan
Amin, S. (2019) · International Journal of Sociology and Social Policy · doi:10.1108/ijssp-06-2018-0108 · Cited by 21
Metadata
- Authors
- Adkins, L. C., Moomaw, R. L., & Savvides, A.
- Venue
- Southern Economic Journal
- Publisher
- Wiley
- Published
- 2002-07
- Volume
- 69
- Issue
- 1
- Pages
- 92-108
- ISSN
- 0038-4038 (ISSN-L)
- 2325-8012
- OpenAlex
- W2078383899
- Cited by
- 175
- References
- 1
- FWCI
- 4.87
- Type
- journal article
- Language
- en
- Open access
- green
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- Adkins, L. C., Moomaw, R. L., & Savvides, A. (2002). Institutions, Freedom, and Technical Efficiency. Southern Economic Journal. https://doi.org/10.1002/j.2325-8012.2002.tb00479.x
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