Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2321
Título: Public and Private Inputs in Aggregate Production and growth: a Cross-country Efficiency Approach
Autor: Afonso, António
St. Aubyn, Miguel
Palavras-chave: economic growth
public spending
efficiency
Malmquist index
Data: 2010
Editora: ISEG - Departamento de economia
Citação: Afonso, António e Miguel St. Aubyn. 2010. "Public and Private Inputs in Aggregate Production and growth: a Cross-country Efficiency Approach". Instituto Superior de Economia e Gestão - DE Working papers nº 9-2010/DE/UECE
Relatório da Série N.º: DE Working papers;nº 9-2010/DE/UECE
Resumo: In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three inputs: human capital, public physical capital per worker and private physical capital per worker. We use a semi-parametric analysis, computing Malmquist productivity indexes, and we also resort to stochastic frontier analysis. Results show that private capital is important for growth, although public and human capital also contribute positively. A governance indicator, a non-discretionary input, explains inefficiency. Better governance helps countries to achieve a better performance. Non-parametric and parametric results coincide rather closely on the countries movements vis-à-vis the possibility frontier, and on their relative distances to the frontier.
URI: http://hdl.handle.net/10400.5/2321
ISSN: 0874-4548
Versão do Editor: http://aquila2.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=135875
Aparece nas colecções:DE - Documentos de trabalho / Working Papers
UECE - Documentos de Trabalho / UECE - Working Papers

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