Openness, Efficiency and Technology
An Industry Assessment
Bibliographic Data
| ID | 10492512 |
|---|---|
| Authors | Dimitris Christopoulos (0000-0001-7367-1129, Panteion University, corresponding author), Peter McAdam (European Central Bank and University of Surrey) |
| Year | 2013 |
| Volume | 60 |
| Issue | 1 |
| Pages | 56-70 |
| Publication date | 2013-01-03 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Scottish Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/sjpe.12002 |
| OpenAlex | W2039036727 |
| Language | EN |
| Citations received | 2 |
| References cited | 22 |
Most trade and macroeconomic models imply positive impacts on the economy from greater openness. And a key factor linking openness and progress is the efficiency with which resources are used. Empirically, however, the efficiency impacts of trade have been ambiguous. Using a stochastic frontier analysis, we examine the impact of openness on technical (in)efficiency for a sample of OECD economies. Unlike the bulk of related studies, we work at the industry level. Given recent debates, we additionally examine whether Information and Communication Technologies (ICT) expenditures impact openness and efficiency. We establish the elasticity of openness with respect to (in)efficiency; TFP and Scale Economies; and Technical Inefficiency across countries and sectors. Both openness and ICT usage have robustly positive impacts on efficiency. Our results shed light on the impact of, spillovers between, and heterogeneity across countries and industries from, increasing openness interacted with the use of advanced technologies
Economics · Inefficiency · Information and Communications Technology · Macroeconomics · Microeconomics · Openness to experience · Production (economics · Productivity · Stochastic frontier analysis · Total factor productivity · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Regional Economics and Spatial Analysis
Stochastic Frontier Analysis
A Simple Test for Heteroscedasticity and Random Coefficient Variation
Reconsidering heterogeneity in panel data estimators of the stochastic frontier model
The productivity paradox of information technology
On the estimation of technical inefficiency in the stochastic frontier production function model
A model for technical inefficiency effects in a stochastic frontier production function for panel data
Factor Substitution and Factor-Augmenting Technical Progress in the United States
The effects of openness, trade orientation, and human capital on total factor productivity
Endogenous Technological Change
Openness, Productivity and Growth
The Resurgence of Growth in the Late 1990s
| Citations per year | 0.4 |
|---|---|
| Citation span | 2021 - 2024 (4) |
| Highly cited | No |