Is public expenditure productive? Is there a shortfall or excess in public capital investment? We address these old issues in the light of new econometric tools. It is argued that the Cobb-Douglas specification that ignores nonlinearity inherent in the functional relationship of the production...

We used advances in data envelopment analysis (DEA) techniques to examine efficiency scores and investigate the issue of convergence and divergence in a cross-country analysis. Specifically, we used bootstrapping techniques to examine a data set of 52 developed and developing countries. We found...

Despite a more rapid increase in female work behavior in the 1970s than in the 1980s, the male–female wage gap in the 1970s narrowed one-eighth as quickly as in the 1980s. This paper uses 1972 through 1988 Panel Study of Income Dynamics data to explain why women’s wages rose less quickly in...