No. 131. HUMAN CAPITAL EFFECTS ON TECHNICAL INEFFICIENCY: A STOCHASTIC FRONTIER ANALYSIS A CROSS SECTORS OF THE GREEK ECONOMY

S. Dimelis, S.K. Papaioannou. 2013.

 

In this paper we explore the hypothesis that human capital may have an impact on technical efficiency. A stochastic production frontier is simultaneously estimated with a technical inefficiency model using data from one digit industries of the Greek economy, for the period 2000-2005. The results indicate a significantly negative relationship between human capital and technical inefficiency. The most efficient industries of the Greek economy are those of education, financial intermediation and real estate, renting & business activities.

 

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