Technological catch-up in the 15 European Union member states: the role of public and educational capital
The aim of this paper is to analyse productive efficiency behaviour in the 15 European Union Member States (EU) from 1980 to 2001. To carry out this research, a stochastic frontier model has been used, making it possible to study the role of public investment in infrastructures and education. We introduce these capitals in the function to be estimated and take into consideration allocation criteria in European countries as determinants of productive efficiency. Findings confirm the positive influence of public capital on production and the investment effort in education on the improvement of efficiency, as well as the existence of a technological catch-up effect among countries.
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