Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154190
Authors: 
Christopoulos, Dimitris
McAdam, Peter
Year of Publication: 
2015
Series/Report no.: 
ECB Working Paper 1757
Abstract: 
In a stochastic frontier setting, we examine technical efficiency in the Middle East and North Africa (MENA). Evidence suggests that in addition to economic indicators, political and social ones play a key role in development and frontier technical efficiency profiles. The MENA have been characterized by increasing economic efficiency over time but with marked polarization. The paper analyses and nest many key hypotheses in the literature e.g., the contributions of religion, of natural resources, demographic pressures, human capital etc. The originality of our contribution is the use of a large data set (including principal components), and extensive robustness checks. The paper should set a comprehensive benchmark and cross check for related studies of development technical efficiency.
Subjects: 
development
frontier efficiency
MENA
stochastic frontier
JEL: 
C33
C38
C55
D24
E23
O11
ISBN: 
978-92-899-1497-0
Document Type: 
Working Paper

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