Discover how allocational efficiency optimizes resource use, balancing societal needs with economic growth. Learn essential criteria for efficient markets.

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

Latvia's economy has faced challenges in competitiveness, with labor productivity growth slowing over the past two decades. This paper analyzes labor productivity growth in Latvia and the Baltic ...

The Pakistan Development Review, Vol. 44, No. 4, Papers and Proceedings PART II Twenty-first Annual General Meeting and Conference of the Pakistan Society of Development Economists Islamabad, December ...

It has long been recognized that infrastructure investment plays a key role in growth. It promotes rapid industrialization through cheaper and more efficient movement of goods, people, and ideas ...

In this paper we apply the profit function method to examine the differences in resource use efficiency between educated and uneducated farmers in paddy production. Empirical results from farm level ...

This work draws on research conducted for the Centre for Policy Development's Public Service Research Program which is funded by the CPSU, the Becher Foundation and Slater & Gordon. Every now and ...