We consider whether openness is related to the aggregate technical efficiency in the OECD countries. We obtain efficiency measures using Data Envelopment Analysis and we find that our measure of openness is positively related to the technical efficiency scores.

We consider whether openness is related to the aggregate technical efficiency in the OECD countries. We obtain efficiency measures using Data Envelopment Analysis and we find that our measure of openness is positively related to the technical efficiency scores

In this paper we examine for both economic convergence and openness convergence across the global economy and within specific regions. We find that convergence in openness is much more profound than income convergence. Moreover, convergence within regions takes place faster than convergence...

We consider the relative effects of globalisation and regionalism in the context of recent developments in the world economy. We extent and advance the analysis of Chortareas and Pelagidis (2004) using the recently updated Penn World Tables data. This allows considering the recent ‘golden era'...

This study examines the relationship between stock market reaction to horizontal merger announcements and technical efficiency levels of the participating firms. The analysis is based on data pertaining to eighty mergers between firms in the U.S. manufacturing industry during the 1990s. We...