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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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Paper provided by European Economy Group in its series European Economy Group Working Papers with number 31.

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Length: 33 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:eeg:euroeg:31
Contact details of provider: Postal: Despacho 104.Pabelloon de Segundo, Facultad de Economicas. Universidad Complutense de Madrid. 28223 Pozuelo de Alarcon, Madrid
Phone: 0034913942454
Fax: 0034913942457
Web page: http://www.ucm.es/info/econeuro
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Order Information: Postal: Despacho 104.Pabelloon de Segundo, Facultad de Economicas. Universidad Complutense de Madrid. 28223 Pozuelo de Alarcon, Madrid
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