The effect of human capital on countries’ economic efficiency

Nickolaos G. Tzeremes

Economics Letters, 2014, vol. 124, issue 1, 127-131

Abstract: The paper applies time-dependent conditional frontier estimators in order to examine the effect of human capital on countries’ economic efficiency levels. Specifically, time-dependent conditional full and partial efficiency measures are applied to a sample of 123 countries for the period of 1970–2011. The results from the nonparametric analysis reveal a nonlinear relationship between countries’ human capital, technological change and efficiency levels.

Keywords: Human capital; Economic efficiency; Time-dependent frontier models; Conditional efficiency; Nonparametric analysis (search for similar items in EconPapers)
JEL-codes: C14 D24 O47 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:124:y:2014:i:1:p:127-131

DOI: 10.1016/j.econlet.2014.05.006

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