Data envelopment analysis for measuring economic growth in terms of welfare beyond GDP

Martin Lábaj, M. Luptáčik () and E. Nežinský

Empirica, 2014, vol. 41, issue 3, 407-424

Abstract: Recent discussions about the definition of growth in terms of welfare beyond GDP suggest that it is of urgent need to develop new approaches for measuring the economic performance of firms and national economies. The new concepts should simultaneously take into account economic as well as social and environmental goals. First we present several approaches to productivity measures. Then we extend the data envelopment analysis models with environment indicators in order to measure the so called eco-efficiency and social indicators to take into consideration social performance. For illustration, we perform the analysis of 30 European countries for the year 2010. The last section concerns itself with the possibilities of inter-temporal analysis of the proposed models and their use in ex-ante evaluation of different policy scenarios. Copyright Springer Science+Business Media New York 2014

Keywords: Eco-efficiency; Data envelopment analysis; Beyond GDP; C43; C61; O47 (search for similar items in EconPapers)
Date: 2014
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Working Paper: Data Envelopment Analysis for Measuring of Economic Growth in Terms of Welfare Beyond GDP (2013)
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DOI: 10.1007/s10663-014-9262-2

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