Regional determinants of technical efficiency: evidence from the Greek economy
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This paper emphasizes the role of regional determinants in the technical efficiency of the Greek economy. We employ a regional production function which is simultaneously estimated with an inefficiency equation. The results underline the considerable and growing core–periphery disparities in technical efficiency. They show the significant efficiency-enhancing impact of intra-regional market access and its dispersion. They also demonstrate that interregional market access, specialization, sectoral concentration and human capital exert a positive but varying influence on the efficiency of Greek regions.