Impact of Logistics on Technical Efficiency of World Production (2007–2012)
Pablo Coto-Millán (),
Xose Luís Fernández (),
Miguel Ángel Pesquera () and
Manuel Agüeros ()
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Xose Luís Fernández: University of Cantabria
Miguel Ángel Pesquera: University of Cantabria
Manuel Agüeros: University of Cantabria
Networks and Spatial Economics, 2016, vol. 16, issue 4, No 1, 995 pages
Abstract This research uses a production function of the type proposed by Mankiw et al. (1992) to study the effect of logistics and information and communication technologies (ITC) on domestic technical efficiency using stochastic frontier analysis for thirty-four countries over the period 2007–2012. We find that logistics and ICT are important channels for improving efficiency. This paper contributes to the literature by estimating the contribution of logistics and ICT to domestic technical efficiency. The economic impact of logistics measured using the LPI (Logistics Performance Index) on technical efficiency is estimated at 0.59 % for every 1 % increase in LPI, ceteris paribus.
Keywords: Logistics; Efficiency; Production; Global; Stochastic frontiers (search for similar items in EconPapers)
JEL-codes: H12 H81 (search for similar items in EconPapers)
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