Department of Business and Economics, School of Business and Information Systems, York College, City University of New York (CUNY).
International Journal of Science and Research Archive, 2025, 14(02), 1482-1494
Article DOI: 10.30574/ijsra.2025.14.2.0529
Received on 13 January 2025; revised on 20 February 2025; accepted on 23 February 2025
Analysis of the Nonparametric Economic Efficiency Index revealed that measures of economic efficiency were higher in the Caribbean, but the variation in the measure was also greater in this region compared with Latin America. In both regions allocative efficiency contributed more to economic efficiency compared with technical efficiency, with the measure of allocative efficiency being greater in Latin America while measures of technical efficiency were greater in the Caribbean. Both regions showed improved economic efficiency following Covid.
Regression analysis reveals that in the Caribbean, literacy rate, private sector access to credit, fixed capital formation and access to electricity have a positive impact and tax on income and the exchange rate had stronger negative impact. In Latin America, the exchange rate and market size had a stronger impact on economic efficiency.
Caribbean; Latin America; Pure Technical Efficiency; Allocative Efficiency; Economic Efficiency
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Pooran Lall. Productive efficiency in the Caribbean and Latin America under free trade. International Journal of Science and Research Archive, 2025, 14(02), 1482-1494. Article DOI: https://doi.org/10.30574/ijsra.2025.14.2.0529.
Copyright © 2025 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
