This paper uses stochastic frontier analysis to measure the utilisation efficiency of external debt funds, and … identifies what factors actually influence the utilisation efficiency of external debt funds. Measurements show that in both … developing and developed countries, the utilisation efficiency of external debt funds shows a downward trend; this downward trend …

labour market regulations that are considered to be bad for economic growth might be beneficial for production efficiency … production efficiency. We argue that our results suggest that the debate about the implications of institutional quality is far … ; production efficiency ; stochastic frontier model …

We use a stochastic frontier production model to estimate the technical efficiency of the 21 more industrialized … output and an efficiency term with exponential distribution appears to work good from a statistical point of view. This model … estimates the efficiency score of the 21 countries in a bayesian approach. The Bayesian way, applied via Gibbs sampling, is here …