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. Efficiency and productivity analysis using the methodologies of data envelopment analysis and stochastic frontier analysis has … economic growth. That initial research led to the idea of measuring total factor productivity change, TFPC, and its … identification with an unobserved data residual representing technological progress. The contribution of efficiency and productivity …
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This paper explores whether natural resource abundance is a curse or a blessing. In order to do so, we firstly develop a theory consistent econometric model, in which we show that there is a long run relationship between real income, the investment rate, and the real value of oil production....
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Institutional quality has both short-term and long-term impacts on economic growth. Its short-term impact comes from the quality of institutions ex ante while its long-term impact comes from the quality of institutions ex post. Ex post institutions are shaped by the direct impact of resource...
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