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The international empirical evidence on the economics of education reveals one central insight and two puzzles, which are all relevant for the case of the Baltic States. The central insight is that social rates of return to education tend to be higher than the social opportunity costs of...
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Estland, Lettland und Litauen haben seit 1997 relativ starke Produktionszuwächse zu verzeichnen. Die Inflationsraten liegen konstant bei etwa 10% und die Haushaltsbudgets sind nahezu ausgeglichen. Nach einer ziemlich erfolgreichen Transformationsphase konzentrieren sich die Politiker der...
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impact of government capital expenditure on production efficiency in the G7 countries. Two models are estimated with … data for the G7 countries spanning the years 2000-2018, which were obtained from the World Development Indicators (WDI …) database. The paper applies stochastic production frontier analysis (SFA) to estimate each country's yearly efficiency and to …
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