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

Published in DISCUSSION PAPERS

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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