Efficiency of the Services Sector: a Parametric Approach
The question if countries are achieving their maximum production given resource allocation is at the very centre of contemporary debates. The issue becomes even more relevant when directed to service activities, due to their cardinal role in modern societies. However, hardly any studies perform cros...
| Autores: | , |
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| Tipo de recurso: | informe técnico |
| Fecha de publicación: | 2014 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/41584 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/41584 |
| Access Level: | acceso abierto |
| Palabra clave: | C14 D24 L80 Service sector Efficiency Parametric methods Panel data Benchmarking. Econometría (Economía) 5302 Econometría |
| Sumario: | The question if countries are achieving their maximum production given resource allocation is at the very centre of contemporary debates. The issue becomes even more relevant when directed to service activities, due to their cardinal role in modern societies. However, hardly any studies perform cross-country efficiency comparison of service sectors at aggregated level. The paper aims at measuring and comparing technical efficiency of (total and market) services across 16 developed economies during the past three decades. The empirical estimations are performed by means of frontier parametric techniques applied to both panel data and cross-sectional data. Benchmark figures, useful for cross-country comparison and policy analysis, are provided for efficiency scores and for their evolution across time. |
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