FOREIGN CAPITAL AND EFFICIENCY IN DEVELOPING COUNTRIES
Camilla Mastromarco ()
Bulletin of Economic Research, 2008, vol. 60, issue 4, 351-374
Abstract:
This paper uses stochastic frontier methodology to analyse foreign direct investment, imported capital goods and human capital as channels for increased efficiency in less‐developed countries. Empirical investigation reveals that developing countries differ with respect to the efficiency with which they use frontier technology. Foreign direct investment and human capital play a significant and quantitatively important role in explaining these differences.
Date: 2008
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https://doi.org/10.1111/j.1467-8586.2008.00283.x
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Persistent link: https://EconPapers.repec.org/RePEc:bla:buecrs:v:60:y:2008:i:4:p:351-374
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