http://www.bis.org/cbhub/list/author/author_1907/index.rss Research hub papers by author Miguel St. Aubyn en http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1154.pdf European Central Bank Working papers by António Afonso, Miguel St. Aubyn, Public and private inputs in aggregate production and growth: a cross-country efficiency approach, 2010-02-24T12:39:00Z (JEL: C14, D24, H50, O47) In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three inputs: human capital, public physical capital per worker and private physical capital per worker. We use a semiparametric analysis, computing Malmquist productivity indexes, and we also resort to stochastic frontier analysis. Results show that private capital is important for growth, although public and human capital also contribute positively. A governance indicator, a non-discretionary input, explains inefficiency. Better governance helps countries to achieve a better performance. Non-parametric and parametric results coincide rather closely on the countries movements vis-à-vis the possibility frontier, and on their relative distances to the frontier. Public and private inputs in aggregate production and growth: a cross-country efficiency approach, 2010-02-24T12:39:00Z ECB Full text http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1154.pdf Miguel St. Aubyn António Afonso António Afonso, Miguel St. Aubyn, 2010-02-23 European Central Bank Working papers http://www.ecb.int/pub/pdf/scpwps/ecbwp864.pdf European Central Bank Working papers by António Afonso and Miguel St. Aubyn Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects 2008-02-25T12:37:00Z Macroeconomic rates of return of public and private investment: crowding-in and crowding-out effects 2008-02-25T12:37:00Z ECB Full text http://www.ecb.int/pub/pdf/scpwps/ecbwp864.pdf Miguel St. Aubyn António Afonso António Afonso and Miguel St. Aubyn 2008-02 European Central Bank Working papers C32 E22 E62 http://www.ecb.int/pub/pdf/scpwps/ecbwp494.pdf European Central Bank Working papers by António Afonso and Miguel St. Aubyn Cross-country efficiency of secondary education provision: a semi-parametric analysis with non-discretionary inputs 2005-06-21T17:32:00Z Cross-country efficiency of secondary education provision: a semi-parametric analysis with non-discretionary inputs 2005-06-21T17:32:00Z ECB Full text http://www.ecb.int/pub/pdf/scpwps/ecbwp494.pdf Miguel St. Aubyn António Afonso António Afonso and Miguel St. Aubyn 2005-06 European Central Bank Working papers C14 C61 H52 I21