Institutions, Freedom, and Technical Efficiency

By L. Adkins, R. Moomaw, A. Savvides. 2002

188 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/139ea817132e3eb2c6978f0bc5d13332dfd5260b

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In Economics and Econometrics

Citations in the corpus

Foreign direct investment, economic freedom and economic growth: International evidence (2010, background): “6 In related study, Adkins et al. (2002) find that the level of EF does not matter much in the early stage of economic development.”
Does economic freedom fosters banks’ performance? Panel evidence from Malaysia (2010, background): “…insights have spurred further exploration into the various channels in which economic freedom influences economic growth (e.g. Heckelman and Knack, 2009; Altman, 2008; Powell, 2003; Adkins et al., 2002; DeHaan and Sturm, 2000; Heckelman and Stroup, 2000; Heckelman, 2000; DeHaan and Siermann, 1998).”
Financial development and economic growth: Convergence or divergence? (2009, background): “…of the growth period does not contribute significantly to explaining growth [see, for instance, Gwartney et al. (1999), Haan and Sturm (2000), Adkins et al. (2002)].9 Second, human capital has a positive effect on the steady-state growth path of financial development for the low-income…”
Is Corruption an Efficient Grease (2010, unknown): “We use the stochastic frontier approach developed by Aigner, Lovell and Schmidt (1977), and applied at the aggregate level notably by Adkins et al. (2002). Macroeconomic productivity is better measured using this approach rather the more common measures of productivity for several reasons.”
Does Islamic banking development favor macroeconomic efficiency? Evidence on the Islamic finance-growth nexus (2015, background): “In addition, Adkins et al. (2002), Méon et al. (2009) and Méon and Weill (2010b) analyze the impact of different facets of institutions on efficiency.”