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Statements

Subject Item
n2:RIV%2F00216208%3A11230%2F13%3A10159155%21RIV14-MSM-11230___
rdf:type
n11:Vysledek skos:Concept
rdfs:seeAlso
http://www.vse.cz/polek/download.php?jnl=pep&pdf=448.pdf
dcterms: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 the overall 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 propose that both sets of results could be used equally well as explanatory variables in growth and other regressions. 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 the overall 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 propose that both sets of results could be used equally well as explanatory variables in growth and other regressions.
dcterms:title
Institutional efficiency of selected EU & OECD countries using DEA-like approach Institutional efficiency of selected EU & OECD countries using DEA-like approach
skos:prefLabel
Institutional efficiency of selected EU & OECD countries using DEA-like approach Institutional efficiency of selected EU & OECD countries using DEA-like approach
skos:notation
RIV/00216208:11230/13:10159155!RIV14-MSM-11230___
n11:predkladatel
n13:orjk%3A11230
n3:aktivita
n8:I n8:S
n3:aktivity
I, S
n3:cisloPeriodika
2
n3:dodaniDat
n17:2014
n3:domaciTvurceVysledku
n16:6331122
n3:druhVysledku
n5:J
n3:duvernostUdaju
n14:S
n3:entitaPredkladatele
n18:predkladatel
n3:idSjednocenehoVysledku
80464
n3:idVysledku
RIV/00216208:11230/13:10159155
n3:jazykVysledku
n6:eng
n3:klicovaSlova
PCA; Worldwide Governance Indicators; institutions; efficiency
n3:klicoveSlovo
n4:Worldwide%20Governance%20Indicators n4:efficiency n4:institutions n4:PCA
n3:kodStatuVydavatele
CZ - Česká republika
n3:kontrolniKodProRIV
[725E8155941D]
n3:nazevZdroje
Prague Economic Papers
n3:obor
n12:AH
n3:pocetDomacichTvurcuVysledku
1
n3:pocetTvurcuVysledku
2
n3:rokUplatneniVysledku
n17:2013
n3:svazekPeriodika
22
n3:tvurceVysledku
Žák, Milan Votápková, Jana
n3:wos
000321990300004
s:issn
1210-0455
s:numberOfPages
18
n19:organizacniJednotka
11230