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TECHNICAL EFFICIENCY AND HUMAN CAPITAL IN EUROPE
(STEF92 Technology, 2014, E. NeС›insky)
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Human capital have been paid close attention in the productivity studies for a long time by macroeconomists. At the corporate level, the focus of efficiency analyses has been always placed on resource utilization. In the paper, the aim is to investigate how can be human capital incorporated into non-parametrical frontier analysis. The slack-based input-oriented efficiency measure allows to identify sources of inefficiency caused by excess use of inputs. The first two sections deal theoretically with efficiency and...



