Institutions, Freedom, and Technical Efficiency

Adkins, Lee C.; Moomaw, Ronald L.; Savvides, Andreas

doi:10.2307/1061558

Cited by 122 publications

(88 citation statements)

References 15 publications

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“…Other studies confirm the positive link [19], [20]. Reference [21] found that positive changes in economic freedom lead to economic growth, notwithstanding the level of economic freedom in the beginning of the growth period does not significantly contribute to explain growth. Reference [16] has constructed own indicator based on below mentioned indices.…”

Section: B Economic Freedommentioning

confidence: 79%

The Effect of Economic Freedom on National Competitiveness: Causality from a Panel of Countries

Tomáš¹

2015

JOEBM

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Abstract-The paper deals with economic freedom and its effect on national competitiveness. There are two goals examined within the paper. At first, I examine if economic freedom causes national competitiveness by means of the Granger causality test. Secondly, the effect of economic freedom on national competitiveness is tested using panel data for the period 2004-2011. Three groups of countries were selected: economic free, Visegrad four and repressed countries. Economic freedom and national competitiveness are quantified by comprehensive indicators: Index of economic freedom and Global competitiveness index. The results suggest that economic freedom causes national competitiveness in countries with higher degree of economic freedom. Positive effect on national competitiveness was found out.

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Section: B Economic Freedommentioning

confidence: 79%

The Effect of Economic Freedom on National Competitiveness: Causality from a Panel of Countries

Tomáš¹

2015

JOEBM

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“…Technical efficiency measures how close a country's production is to what a country's optimal production would be for using the same bundle of inputs. Adkins et al (2002) or Weill (2004, 2005), among others, adopted the same approach to evaluate the relationship of aggregate technical efficiency with institutional variables. 1 Its basic concept is illustrated in figure 1 below.…”

Section: The Modelsmentioning

confidence: 99%

Does taking the shadow economy into account matter when measuring aggregate efficiency?

Méon

Schneider

Weill³

2011

Applied Economics

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We analyze how adding the shadow economy to official output figures affects estimated technical efficiency at the country level. We find that this only slightly affects the ranking of efficiency scores, but increases average efficiency in a sample of 87 to 97 countries, both developed and developing. Our results are robust to the functional form of the production technology and the adjustment of labour to account for years of schooling

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“…When trying to disentangle the effect of democracy on growth Tavares and Wacziarg (2001) concludes that, overall, the negative effect of democracy is larger than the positive one. In Adkins et al (2002) the Political Rights and Civil Liberties are not significant. Here they do turn out to be significant both through the composite index and on their own (Table A.3), even after the economic freedom has been controlled for.…”

Section: Empirical Results and Discussionmentioning

confidence: 94%

“…Monorey and Lovell (1997) Adkins et al (2002) show that increase in economic freedom leads to higher efficiency. However, two measures of political freedom, namely civil liberties and political rights taken from the Freedom House Index, are not significant in their model.…”

Section: Introductionmentioning

confidence: 99%

Institutions and Efficiency in Transition Economies

Dang

2012

SSRN Journal

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This paper analyzes the effects of political and economic institutions on efficiency of transition economies over the 1995-2005 period. Perpetual Inventory Method is used to construct capital series for these countries, and then stochastic production frontier analysis is used to estimate the efficiency scores and effects of institutions at the same time. The empirical results show that better institutions are associated with higher efficiency. However, all else equal, the transition countries in East Asia are more efficient than Central and Eastern European or Former Soviet Union transition countries.

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Institutions, Freedom, and Technical Efficiency

Cited by 122 publications

References 15 publications

The Effect of Economic Freedom on National Competitiveness: Causality from a Panel of Countries

The Effect of Economic Freedom on National Competitiveness: Causality from a Panel of Countries

Does taking the shadow economy into account matter when measuring aggregate efficiency?

Institutions and Efficiency in Transition Economies

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