این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه الزویر مربوط به سال ۲۰۲۲ دارای ۱۲ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی و بخشی از ترجمه فارسی مقاله موجود می باشد.
کد محصول: H787
سال نشر: ۲۰۲۲
نام ناشر (پایگاه داده): الزویر
نام مجله: International Economics
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۱۲ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۲ : اندازه گیری عملکرد کارایی اقتصادی در کشورهای آمریکای لاتین و کارائیب: شواهد تجربی از تحلیل مرزی تولید تصادفی و آنالیز پوششی داده ها
عنوان کامل انگلیسی:
Measuring the economic efficiency performance in Latin American and Caribbean countries: An empirical evidence from stochastic production frontier and data envelopment analysis
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The development of the global economy has raised concerns about economic efficiency and productivity. In this context, understanding the concepts of economic efficiency and productivity and the knowledge of the techniques available for their measurement are also of fundamental importance. Thus, the objective of the present study is to measure the economic efficiency performance of 14 countries from the Latin America and the Caribbean (LAC) region in the period from 1990 to 2017. Analysing the economic performance of these countries with linear Cobb- Douglas production function, two methods were used: the parametric stochastic frontier analysis (SFA) and non-parametric data envelopment analysis (DEA). Both approaches (SFA and DEA) show that Panama is the most economically efficient country in the LAC region, followed by Chile. Concerning other countries, the choice between the SFA and DEA models affects the ratings. Results indicate that Brazil (SFA) and Nicaragua (DAE) are the least economically efficient LAC countries.
Keywords: Stochastic frontier analysis, Economic performance Latin American and Caribbean countries
With the development of the global economy and the impressive growth of increasing demand for resources, the efficient use and saving of scarce resources, especially energy, is a major challenge for economic researchers and policymakers. Given that 0.7% of world GDP and 8.5% of the world population are located in Latin America and the Caribbean (LAC) region, the LAC region’s energy consumption per capita is high. Therefore, this global challenge has also affected the LAC region (World Population Prospects, 2019). According to World Bank Development Indicators, the GDP growth in the LAC region in 1990 was about 0.347 and in 2017 reached about 1.792. On the other hand, such high economic growth requires considerably higher energy consumption, reducing efficiency (e.g., Ozturk, 2010; Setyawan, 2020). As a result, energy consumption in the LAC region has accelerated in recent decades. One of the reasons for the growth of energy consumption is the region’s economic growth. Energy consumption follows the trend of per capita GDP growth in this region (e.g., Koengkan, 2017; and Koengkan and Fuinhas, 2020). The growth of energy consumption in the LAC region is faster than the growth of energy consumption in most countries in the world (Chang and Soruco-Carballo, 2011)…
From the stochastic production frontier model applied to a group of 14 countries from the LAC region, in the period between 1990 and 2017, it was possible to study the impacts of the factors of production, that is, K, L and E, in the GDP of each LAC country, as well as the measurement of their macroeconomic efficiency from the production point of view. Two approaches were used to identify countries’ economic efficiency, SFA and DEA.
The results indicate that the countries of the LAC region are not efficient in the use of their resources during the analysed period. This result can be seen from the average efficiency scores of the SFA and DEA models, which are 0.5228 and 0.8332, respectively. These scores are given relatively. When efficiency is analysed individually, i.e., for each country concerning the studied region, the results are different. The results of the SFA model show that none of the countries studied had a total score equal to 1. Thus, none of these countries is fully efficient in the use of their resources. However, compared to other countries, Panama has the highest efficiency performance, which is 0.9733. Next comes Chile, with a performance of efficiency of 0.8788. It is important to highlight that the results of the DEA model are different and show that Panama and Chile have been efficient in the use of their resources concerning the countries of the studied region, as they received a total efficiency score equal to 1. The worst performances regarding the efficiency of the LAC region are with Brazil (0.3200 through the SFA model) and Nicaragua (0.5561 through the DEA model)…
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