This paper introduces a new parametric measure of productivity change using the hyperbolic distance function. More specifically, the paper first estimates a stochastic translog hyperbolic distance function, which satisfies regularity conditions, using the Bayesian approach. Then it derives an...

There is significant room to improve public investment efficiency in sub-Saharan Africa. Investment in sub-Saharan African countries is lagging vis-a-vis peers such as emerging and developing Asia as well as Latin America and the Caribbean, and the region's infrastructure is perceived as being...

Are changes in the labor market in response to changes in exports contained specifically within exporting industries, or do they disperse throughout the economy through supply chain linkages This paper studies the case of Viet Nam, an example of a successful export-led growth economy, to examine...