Modelling regional welfare efficiency applying conditional full frontiers. Spatial Economic Analysis 6(4): 451-471
Modelling regional welfare efficiency applying conditional full frontiers. Spatial Economic Analysis 6(4): 451-471. (SCOPUS, EconLit, ISI Listed. Impact Factor: 1.231 and 5-year: 1.618). In common with Ν. Τzeremes (2011).
This paper demonstrates an evaluation of welfare policies and regional allocation of public investment using the recent developments in efficiency analysis and statistical inference. Specifically, the efficiency of the welfare policies of the Greek prefectures for the census years of 1980, 1990 and 2000 are compared and analyzed. The paper using bootstrap techniques on unconditional and conditional full frontier applications indicates that there are major welfare inefficiencies among the prefectures over the three census years. The analysis reveals that the increase of population density over the years has a negative impact on the welfare efficiency levels of the Greek prefectures.
JEL Classification: C02, C14, R15