productivity, but this effect was stronger in the areas in which railways were already built. Moreover, railways helped industrial … same time, the Kingdom of Italy started a large infrastructure project to spread railways, which were largely confined in … Northern Italy, all over the country. Using tools from spatial econometrics, we find that railways played a positive effect on …

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 …

envelopment analysis method. It emphasizes the importance of this nonparametric approach to macroeconomic efficiency analysis and …

performance using different econometric methodologies. This work investigates the effect of debt on production efficiency …-run effect of debt on the production efficiency and, thus, output growth. The results show that, in the short run, as debt … increases by $1 billion, efficiency increases by 0.04%. Additionally, we found that the most indebted countries are the most …

A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined … method is applied to 1-digit industries of 14 OECD countries from 1970 - 90. Results suggests that comovements in efficiency …