Institutional efficiency of selected EU & OECD countries using DEA-like approach
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F13%3A10159155" target="_blank" >RIV/00216208:11230/13:10159155 - isvavai.cz</a>
Result on the web
<a href="http://www.vse.cz/polek/download.php?jnl=pep&pdf=448.pdf" target="_blank" >http://www.vse.cz/polek/download.php?jnl=pep&pdf=448.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Institutional efficiency of selected EU & OECD countries using DEA-like approach
Original language description
The paper estimates institutional efficiency of a sample of EU and OECD countries. We employ an output-oriented Data Envelopment Analysis (DEA-like) approach where six Worldwide Governance Indicators published by the World Bank in 2009 constitute a vector of outputs. Assuming that all countries should aim at the same level of institutional quality, inputs were considered unimportant. The results, as to in which areas and how much individual countries need to improve, were not surprising. Concerning theoverall efficiency scores and rankings, the most institutionally efficient countries are situated in northern Europe. The Czech Republic ranked 24th in the overall sample and 3rd among New EU Member States. The biggest necessary improvements are in the area of government effectiveness and control of corruption. The robustness check using Principal Component Analysis revealed significant qualitative correlation with the DEA-like results, with the correlation coefficient of 0.9653. We prop
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Prague Economic Papers
ISSN
1210-0455
e-ISSN
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Volume of the periodical
22
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
18
Pages from-to
206-223
UT code for WoS article
000321990300004
EID of the result in the Scopus database
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