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improvements in effective governance in BRICs are consistent with improvements in investment and efficiency wedges that led to … growth. -- BRIC ; business cycle accounting ; efficiency ; market frictions ; trend shocks ; investment adjustment costs … developed by Chari, Kehoe and McGrattan (2007) to address these questions. Our results highlight that while efficiency wedges do …
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dataset of 10 ASEAN countries from 1980 to 2017, this study examines the productivity and efficiency of the ASEAN economies … productivity index to provide estimates of gross technical efficiency, technical progress and returns to scale change, while taking … into account of transient and persistent efficiency. The results show that there is room for efficiency gains, as the ASEAN …
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envelopment analysis method. It emphasizes the importance of this nonparametric approach to macroeconomic efficiency analysis and …
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