English, Article, Journal or magazine article edition: Technical Inefficiency and Public Capital in US States: A Stochastic Frontier Approach Jaume Puig

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Bookmark: http://trove.nla.gov.au/version/154283
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Technical Inefficiency and Public Capital in US States: A Stochastic Frontier Approach
Author
  • Jaume Puig
Physical Description
  • preprint
Notes
  • This paper estimates a translog stochastic frontier production function in the analysis of all 48 contiguous U.S. states in the period 1970-1983, to attempt to measure and explain changes in technical efficiency. The model allows technical inefficiency to vary over time, and inefficiency effects to be a function of a set of explanatory variables in which the level and composition of public capital plays an important role. Results indicated that U.S. state inefficiency levels were significantly and positively correlated with the ratio of public capital to private capital. The proportion of public capital devoted to highways is negatively correlated with technical inefficiency, suggesting that not only the level but also the composition of public capital influenced state efficiency.
  • Public capital productivity, technical efficiency, stochastic frontier approach
  • RePEc:upf:upfgen:451
Language
  • English
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