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

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dc.contributor.authorHančlová, Jana
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2014-05-22
dc.date.available2014-05-22
dc.date.issued2013-08
dc.description.abstractThe 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.formattext
dc.format.extent166-175cs
dc.identifier.isbn978-80-7372-953-0
dc.identifier.urihttps://dspace.tul.cz/handle/15240/6911
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
dc.relation.ispartofseriesLiberec economic forum 2013: proceedings of the 11th international conference: 16th - 17th September 2013, Sychrov, Czech republic, EU /[editor Aleš Kocourek];+
dc.subjectCCI approachen
dc.subjectDEA methoden
dc.subjectdynamic panel data modelsen
dc.subjectEU12en
dc.subjectEU15en
dc.subjectmacroeconomic efficiencyen
dc.subject.classificationC14
dc.subject.classificationH11
dc.subject.classificationH50
dc.titleEconometric analysis of macroeconomic efficiency development in the EU15 and EU12 countriescs
dc.typeArticleen
local.accessopen
local.facultyFaculty of Economics
local.fulltextyes
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