Nonparametric Approach to Evaluation of Economic and Social Development in the EU28 Member States by DEA Efficiency
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F19%3A86090721" target="_blank" >RIV/61989100:27510/19:86090721 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/1911-8074/12/2/72" target="_blank" >https://www.mdpi.com/1911-8074/12/2/72</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/jrfm12020072" target="_blank" >10.3390/jrfm12020072</a>
Alternative languages
Result language
angličtina
Original language name
Nonparametric Approach to Evaluation of Economic and Social Development in the EU28 Member States by DEA Efficiency
Original language description
Data envelopment analysis (DEA) methodology is used in this study for a comparison of the dynamic efficiency of European countries over the last decade. Moreover, efficiency analysis is used to determine where resources are distributed efficiently and/or were used efficiently/inefficiently under factors of competitiveness extracted from factor analysis. DEA measures numerical grades of the efficiency of economic processes within evaluated countries and, therefore, it becomes a suitable tool for setting an efficient/inefficient position of each country. Most importantly, the DEA technique is applied to all (28) European Union (EU) countries to evaluate their technical and technological efficiency within the selected factors of competitiveness based on country competitiveness index in the 2000-2017 reference period. The main aim of the paper is to measure efficiency changes over the reference period and to analyze the level of productivity in individual countries based on the Malmquist productivity index (MPI). Empirical results confirm significant disparities among European countries and selected periods 2000-2007, 2008-2011, and 2012-2017. Finally, the study offers a comprehensive comparison and discussion of results obtained by MPI that indicate the EU countries in which policy-making authorities should aim to stimulate national development and provide more quality of life to the EU citizens.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Journal of Risk and Financial Management
ISSN
1911-8066
e-ISSN
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Volume of the periodical
12
Issue of the periodical within the volume
2
Country of publishing house
CH - SWITZERLAND
Number of pages
34
Pages from-to
1-34
UT code for WoS article
000475294000023
EID of the result in the Scopus database
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