Econometric analysis of macroeconomic efficiency development in the EU15 and EU12 countries

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Show simple item record Hančlová, Jana
dc.contributor.other Ekonomická fakulta cs 2014-05-22 2014-05-22 2013-08
dc.identifier.isbn 978-80-7372-953-0
dc.description.abstract The paper evaluates the macroeconomic efficiency development in the countries of the European Union by the Data Development Analysis (DEA). The aim of the paper is to measure and assess the efficiency potential of the “old” (EU15) and “new” EU countries (EU12) in 2000-2011. The DEA method is convenient because it is based on the ratio between input- and output-indicators thus measuring the efficiency with which the EU countries transform their inputs into outputs. DEA conveniently analyses effective/ineffective positions of each country providing numerical values describing the efficiency of economic processes in these countries. Efficiency can be thus considered as a “source” of competitiveness. When applying the DEA method, the indicators of the Country Competitiveness Index (CCI) are used. The following econometric development analysis of the macroeconomic efficiency is undertaken with the help of the dynamic panel model with fixed effects estimated by the pooled least squares method. en
dc.format text
dc.format.extent 166-175 cs
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartofseries Liberec economic forum 2013: proceedings of the 11th international conference: 16th - 17th September 2013, Sychrov, Czech republic, EU /[editor Aleš Kocourek];+
dc.subject CCI approach en
dc.subject DEA method en
dc.subject dynamic panel data models en
dc.subject EU12 en
dc.subject EU15 en
dc.subject macroeconomic efficiency en
dc.subject.classification C14
dc.subject.classification H11
dc.subject.classification H50
dc.title Econometric analysis of macroeconomic efficiency development in the EU15 and EU12 countries cs
dc.type Article en
dc.publisher.abbreviation TUL
local.faculty Faculty of Economics
local.access open
local.fulltext yes

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