Efficiency of the Services Sector: a Parametric Approach

Gisela Di Meglio and Stefano Visintin
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Stefano Visintin: University of Amsterdam. Amsterdam Institute for Advanced Labour Studies. The Netherlands

No 2014-19, Documentos de Trabajo del ICAE from Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico

Abstract: The question if countries are achieving their maximum production given resource allocation is at the very centre of contemporary debates. The issue becomes even more relevant when directed to service activities, due to their cardinal role in modern societies. However, hardly any studies perform cross-country efficiency comparison of service sectors at aggregated level. The paper aims at measuring and comparing technical efficiency of (total and market) services across 16 developed economies during the past three decades. The empirical estimations are performed by means of frontier parametric techniques applied to both panel data and cross-sectional data. Benchmark figures, useful for cross-country comparison and policy analysis, are provided for efficiency scores and for their evolution across time.

Keywords: Service sector; Efficiency; Parametric methods; Panel data; Benchmarking. (search for similar items in EconPapers)
JEL-codes: C14 D24 L80 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2014-07
New Economics Papers: this item is included in nep-cse, nep-eec and nep-eff
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