Institutions, freedom, and technical efficiency

被引:87
作者
Adkins, LC [1 ]
Moomaw, RL [1 ]
Savvides, A [1 ]
机构
[1] Oklahoma State Univ, Coll Business Adm, Dept Econ & Legal Studies Business, Stillwater, OK 74078 USA
关键词
D O I
10.2307/1061558
中图分类号
F [经济];
学科分类号
02 ;
摘要
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.
引用
收藏
页码:92 / 108
页数:17
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