scholarly journals Nonparametric Approach to Evaluation of Economic and Social Development in the EU28 Member States by DEA Efficiency

2019 ◽  
Vol 12 (2) ◽  
pp. 72 ◽  
Author(s):  
Melecký ◽  
Staníčková ◽  
Hančlová
Keyword(s):  
National Development ◽  
European Countries ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Reference Period ◽  
Eu Countries ◽  
Nonparametric Approach ◽  
Technological Efficiency ◽  
Dea Efficiency ◽  
The Eu

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.

scholarly journals Ανάλυση συνιστωσών δεικτών παραγωγικότητας κατά Malmquist με χρήση συναρτήσεων απόστασης συγκεκριμένης φοράς

2017 ◽  
Author(s):  
Παναγιώτης Τζερεμές
Keyword(s):  
Sovereign Debt ◽  
Debt Crisis ◽  
European Countries ◽  
Distance Functions ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Sovereign Debt Crisis ◽  
Directional Distance Functions ◽  
Probabilistic Version ◽  
The Eu

This phd thesis by adopting the latest advances on the probabilistic characterization of directional distance functions, develops a Malmquist productivity index and presents its main decompositions. Specifically, the proposed productivity index is based on the probabilistic version of directional distance functions which are expressed as transformations of radial distances. Illustrating how these indexes can be computed and how different components can be derived. Specifically, demonstrating how a probabilistic version of the following categories of change can be obtained: technical, efficiency, pure efficiency, scale efficiency, scale change factor and scale bias of technical change. Finally, applying the probabilistic productivity indexes alongside with their decompositions to inputs/outputs data from a sample of 644 banks from 28 European countries and 136 banks from Eastern European Countries between the years 2007, 2010 and 2014. The results suggest that the EU banks‟ productivity levels remained relative unchanged from the initiation of U.S. prime crisis and during the EU sovereign debt crisis. Finally, during the U.S. prime crisis and the Global Financial Crisis, banks‟ maintained their productivity levels by utilizing better their inputs and by exploiting scale economies. However, during the sovereign debt crisis banks maintained their productivity levels by investing on financial engineering competences.

scholarly journals Eco-Efficiency Assessment for Some European Countries Using Slacks-Based Measure Data Envelopment Analysis

2020 ◽  
Vol 10 (5) ◽  
pp. 1760 ◽  
Author(s):  
Chia-Nan Wang ◽  
Hsien-Pin Hsu ◽  
Yen-Hui Wang ◽  
Tri-Tung Nguyen
Keyword(s):  
Data Envelopment Analysis ◽  
Poor Performance ◽  
European Countries ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Measure Data ◽  
Productivity Change ◽  
Data Envelopment ◽  
Efficiency Assessment ◽  
Energy Inputs

One problem raised by the lack of energy efficiency is the generation of more greenhouse gases (GHGs) that can cause air pollution and climate change. Ecological efficiency (eco-efficiency) means the efficiency of resources used. A poor performance from this efficiency can then be detected for further improvement. In this research, we conduct an assessment on the eco-efficiency for some European countries as they consume a large part of global energy annually. A total of 17 European countries were selected as decision making units (DMUs) and assessed by the Slacks-based measure (SBM) Data Envelopment Analysis (DEA) model. Indices including Catch-Up, Frontier-Shift, and Malmquist Productivity Index (MPI) have been used to evaluate eco-efficiency, as well as efficiency change, technological change, and productivity change, over 2013–2017. In the model, energy consumption and share of renewable energy are used as energy inputs, and labor productivity and gross capital formation are used as economy inputs. On the other hand, GDP is used as a desired output, and CO2 emissions is used as one undesired output. The experimental results show that the 17 countries as a whole lacked eco-efficiency in 2013–2017, implying more efforts are required to improve their eco-efficiency.

Evaluating the Regional Green Innovation Efficiency in China: A DEA-Malmquist Productivity Index Approach

2015 ◽  
Vol 733 ◽  
pp. 355-362 ◽  
Author(s):  
Gang Liu
Keyword(s):  
National Level ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Green Innovation ◽  
Eastern Area ◽  
Empirical Results ◽  
Technological Efficiency ◽  
Index Approach ◽  
Western Area ◽  
Main Barrier

Green innovation has been the most important strategy for countries to gain sustainable development because of the popular environmental protection trend. By application of DEA-Malmquist productivity index approach, this paper evaluates the green innovation efficiency from the year 2005 to 2010 on the national, regional, and provincial level in China. The empirical results reveal that the green innovation efficiency at national level increases steadily, but differs a lot between the eastern, middle and western areas, eastern area best, western area worst and middle areas in the middle. Technological progress is the main enabler which promotes the green innovation efficiency of provinces, while the technological efficiency decline is the main barrier which blocks the green innovation efficiency of provinces. Based on the empirical results, this paper proposes the countermeasures to different development level provinces.

scholarly journals STATE FINANCIAL SUPPORT FOR SMALL BUSINESS DURING THE CORONAVIRUS CRISIS IN EUROPEAN COUNTRIES

2021 ◽  
Vol 3 (38) ◽  
pp. 326-332
Author(s):  
V. Humeniuk ◽  
Iu. Umantsiv ◽  
A. Dligach ◽  
Н. Іванова ◽  
H. Umantsiv
Keyword(s):  
Small Business ◽  
Financial Support ◽  
Complex Structure ◽  
State Intervention ◽  
State Regulation ◽  
European Countries ◽  
Financial Policy ◽  
Small Enterprises ◽  
Eu Countries ◽  
The Eu

Abstract. The aim of the conducted research is elaboration of conceptual statements and formulation of practical recommendations aimed at development of the methodological bases of state financial support for small business. On the basis of the existing theoretical statements, discovery of essential characteristics, peculiarities and systematisation of the obtained results of the research, conceptual approaches to interpretation of the features of state financial support for small business during the coronavirus crisis have been suggested. Small business is an important component of the economic system of any country. It ensures formation of the complex structure of the market for goods and services, development of efficient competition and promotes addressing the needs of consumers in conditions of formation of their sovereignty. State financial support for small business in European countries is at different stages of development. In the EU countries, financial policy of small business regulation is an example of state intervention in the mechanism of market self-regulation in order to solve social and economic problems by changing the economic behaviorur of small enterprises. The formational process, strategic priorities of state financial support for small business in European countries and macroeconomic instruments for its implementation during the coronavirus crisis have been studied. Changes in the concern of the world community in forms of state financial support for small business have been detected. A comparative and analytical examination of the instruments for macroeconomic financial regulation, which are being used during the COVID-19 pandemic in Europe, has been conducted. The research shows the importance of small business in terms of solving economic and social problems of social development, outlines the situation of state financial support in the EU countries in comparison with Ukrainian small enterprises, determines the general features and differences in state regulation of entrepreneurship. The practical significance of the obtained results consists in the fact that the main scientific statements of the article can be used in practice of state and regional management of small business. Keywords: small business, state regulation, financial support, financial policy, coronavirus crisis. JEL Classification H12, D21, E61 Formulas: 0; fig.: 2; tabl.: 1; bibl.: 12.

AGRICULTURAL TOTAL FACTOR PRODUCTIVITY CHANGES IN THE NEW AND THE OLD EUROPEAN UNION MEMBERS

2015 ◽  
Author(s):  
Tomasz KIJEK ◽  
Anna NOWAK ◽  
Armand KASZTELAN ◽  
Artur KRUKOWSKI
Keyword(s):  
European Union ◽  
Technical Efficiency ◽  
Total Factor Productivity ◽  
Productivity Growth ◽  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Factor Productivity ◽  
Technological Changes ◽  
Total Productivity ◽  
The Eu

The aim of this study was the evaluation of agricultural total factor productivity changes between new member countries which have acceded to EU after 2004 and so-called ‘old 15’ EU members. The analysis covered the years 2007–2013. The study is based on Malmquist productivity index divided into technological change and changes in technical efficiency. The results showed a slight increase in the agricultural total factor productivity in the EU countries in the years 2007–2013 (0.1 %, which mainly resulted from a slight increase in technical efficiency in agriculture(0.4 % ), while at the same time adverse technological changes. Among all the countries of the ‘old 15’, only Denmark, the Netherlands, Finland, United Kingdom and Sweden reported increased index of productivity. In the group of countries that joined the EU after 2004, the total productivity growth took place in such countries as Bulgaria, Cyprus, Czech Republic, Malta, Slovakia and Hungary. The reason for this increase was primarily changes in technical efficiency.

Northern EU countries may lose influence post-Brexit

2016 ◽  
Keyword(s):  
United Kingdom ◽  
Euro Area ◽  
European Countries ◽  
Content Type ◽  
Eu Countries ◽  
The United Kingdom ◽  
Northern European ◽  
Inner Circle ◽  
The Impact ◽  
The Eu

Subject The impact of Brexit on northern European countries. Significance The United Kingdom's vote to leave the EU presents a particular challenge to northern EU countries -- some of which are, like the United Kingdom, not members of the euro-area -- as they will lose a powerful ally for a more competitive, fiscally disciplined and globally oriented EU. Impacts Brexit could accelerate a closer economic, financial and fiscal integration of the euro-area, which many non-euro-area capitals oppose. Brexit could widen the gap between an 'inner circle' of euro-area members and a periphery of non-euro ones. The loss of UK contributions to the EU budget means that the burden shouldered by northern EU countries, all net contributors, will rise.

Effects of governance on entrepreneurship: European Union vs non-European Union

2018 ◽  
Vol 28 (1) ◽  
pp. 43-57 ◽  
Author(s):  
María Jesús Rodríguez-Gulías ◽  
Vítor Manuel de Sousa Gabriel ◽  
David Rodeiro-Pazos
Keyword(s):  
European Union ◽  
The Other ◽  
European Countries ◽  
Content Type ◽  
Government Effectiveness ◽  
Eu Countries ◽  
Governance Indicators ◽  
The Creation ◽  
The Impact ◽  
The Eu

Purpose The purpose of this paper is to analyse the effect of six governance indicators on the rate of creation of new companies between countries that are members of the European Union (EU) and those that are not. H1 states that the various dimensions of governance help to explain the immediate creation of new businesses in European and non-European countries. H2 states that the various dimensions of governance help to explain the deferred creation of new businesses in European and non-European countries. Design/methodology/approach The paper uses two types of analyses: firstly, univariate analysis, which is a descriptive statistics of the dependent, independent and control variables, and the results of a t-test; and secondly, multivariate analysis, which estimates using the fixed-effects estimator under the specifications previously raised for the subsample of 28 EU countries and for the subsample of 103 non-EU countries during the period 2004-2014. Findings The results show that the variables of governance are not significantly higher in the EU, although the density of the enterprises is. Within the governance indicators, government effectiveness is significant in the EU. The results obtained for the EU confirmed H1and H2, with a significant positive effect of government effectiveness on entrepreneurship, while the other governance variables were not significant in the EU subsample. The results obtained for non-EU countries suggest no significant immediate effects (H1) and a slightly significant delayed effect of rule of law on the entrepreneurship (H2) concerned. Research limitations/implications Future research in this area could consider introducing another regional division or other types of methodology as variables affect models. Practical implications Governance can be defined as the ability of a government and its public institutions to provide services and design, and implement rules, which is a factor that affects the creation of new companies. However, the effect of governance could differ depending on the country and its economic environment. This paper analyses the effect of six governance indicators on the rate of creation of new companies considering two different geographic regions as countries are presumably heterogeneous. Therefore, these results indicate that the effect of governance variables on entrepreneurship differs according to the region. Social implications The effect of governance variables on entrepreneurship according to the region is also known. Originality/value This study applied panel data analysis to two samples of countries during the period 2004-2014, one formed by 28 countries of the EU and the other by 103 non-EU countries. No other paper considers this number of countries for this period. To assess the impact of governance on the creation of new companies, this paper considered the existence of immediate and deferred effects of governance on entrepreneurship.

scholarly journals EVALUATING THE EFFICIENCY PROGRESS WITH TECHNOLOGY IN A SPANISH HOTEL CHAIN

2015 ◽  
Vol 55 (5) ◽  
pp. 551-562 ◽  
Author(s):  
Maria del Rosario González-Rodriguez ◽  
Rosario Martín-Samper ◽  
Antonio Carlos Giuliani
Keyword(s):  
Malmquist Productivity Index ◽  
Productivity Index ◽  
Productivity Change ◽  
Data Envelopment ◽  
Factor Productivity ◽  
Organizational Changes ◽  
Technological Efficiency ◽  
Total Productivity ◽  
Hotel Chain ◽  
Recession Period

ABSTRACTThis paper analyzes the changes in the total factor productivity index of a Spanish hotel chain in the period from 2007 to 2010 with the purpose of identifying efficiency patterns for the chain in a period of financial crisis. The data envelopment analysis (DEA) Malmquist productivity index was used to estimate productivity change in 38 hotels of the AC chain. Results reveal AC hotels' efficiency trends and, therefore, their competitiveness in the recession period; they also show the changes experienced in these hotels' total productivity and its components: technological and efficiency changes. Positive efficiency changes were due to positive technical efficiency rather than technological efficiency. The recession period certainly influenced the performance of AC Hotels, which focused on organizational changes rather than investing in technology.

scholarly journals The dimensions of fiscal governance as the cornerstone of public finance sustainability: A general framework

2014 ◽  
Vol 26 (1) ◽  
pp. 94-139 ◽  
Author(s):  
Alessandro Giosi ◽  
Silvia Testarmata ◽  
Sandro Brunelli ◽  
Bianca Staglianò
Keyword(s):  
Public Finance ◽  
European Union ◽  
Fiscal Policy ◽  
General Framework ◽  
European Countries ◽  
The European Union ◽  
Eu Countries ◽  
National Governments ◽  
The Eu

Recently many European countries have incurred crises in public finance despite the fact that EU institutions have pushed the national governments toward the sustainability of public finance with compulsory and voluntary rules regarding fiscal governance. This paper investigates the relations between the quality of fiscal governance and the financial virtuosity of national fiscal policy. We proposed a general framework for analyzing the fiscal governance issue and we empirically tested the correlation between the dimensions of fiscal governance and the budgetary performance of EU countries. The results showed a positive correlation between the quality of fiscal governance in the EU countries and financial surplus in the period concerned. However further investigations are needed and an effort should be made to collect uniform data on fiscal governance in the European Union.

scholarly journals Analysis of the competitiveness of the EU and its member countries

2021 ◽  
Vol 2021 (1) ◽  
pp. 193-203
Author(s):  
Nataliya Horbal ◽  
◽  
Uliana Kohut ◽  
Uliana Motorniuk ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
European Integration ◽  
New Technologies ◽  
Critical Infrastructure ◽  
Positive Impact ◽  
European Countries ◽  
Eu Countries ◽  
Goods And Services ◽  
Slow Development ◽  
The Eu

With the convergence of national markets of individual countries and the revival of globalization processes, international competition is growing not only among producers of goods and services, but also among regions and countries. There are a significant number of approaches to the analysis and improvement of countries’ competitiveness. Given Ukraine’s European integration pass, we consider the EU countries to be a key benchmark for its development. The EU, as a union of democratic European countries working together for peace and prosperity, must support a high competitiveness for both the Union as a whole and its member states in the face of increasing global competition. European integration has a significant positive impact on the development and competitiveness of the EU. However, in recent decades, it has deteriorated somewhat compared to global leaders due to dynamic changes in the international environment. As shown, EU countries (primarily the Netherlands, Sweden, Denmark, Finland) occupy high positions in international rankings (Global Competitiveness Indexes of the WEF and IMD, Legatum Prosperity Index, ERT Benchmarking Report, Business Europe Reform Barometer), and especially sustainable development (SDSN Sustainable Development Index) etc. However, in a number of key areas, many EU countries and the Union generally lag behind world leaders. Today’s open and export-oriented European economy suffers from weak demand for investment and consumer goods, slow development of innovative and digital businesses etc. Instead, the EU is a global leader in achieving the goals of sustainable development. Experts primarily recommend strengthening the EU’s single market and supporting new technologies, while all European countries should increase productivity, which requires greater investment in critical infrastructure, innovative technologies, skills development and labor market efficiency. Оn the other hand, European companies should constantly take into account the global situation and dynamics and modernize their competition policy accordingly. Ukraine’s adoption of the best European experience of raising the competitiveness, taking into account the obtained conclusions, may be the subject of further research.

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