Afonso, António; Aubyn, Miguel St. - ISEG - School of Economics and Management, Department … - 2010
In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three...