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Technological Catch-up in the 15 European Union Member States: The Role of Public and Educational Capital
The authors use a stochastic frontier model to study the role of public investment in infrastructures and education. Findings confirm the positive influence of public capital on production and the investment effort in education on the improvement of efficiency, as well as the existence of a technological catch-up effect among countries.
Link
http://www.ucm.es/info/econeuro/documentos/documentos/dt312004.pdf