Assessment of the Effectiveness of the Eastern Europe, Caucasus, and Central Asia Based on the DEA Analysis Method

Olga Pogharnitskaya, E. G. Matyugina, Artur A. Mitsel, F. G. Babaeva and N. V. Emelyanova
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E. G. Matyugina: Tomsk University Control Systems and Radio Electronics
Artur A. Mitsel: Tomsk University Control Systems and Radio Electronics
F. G. Babaeva: Tomsk Polytechnic University
N. V. Emelyanova: Tomsk State University

Chapter Chapter 16 in Global Economics and Management: Transition to Economy 4.0, 2019, pp 179-192 from Springer

Abstract: Abstract The article studies the effectiveness of Eastern EuropeEastern Europe, Caucasus,Caucasus, and Central Asia Region and Central Asia in terms of linking welfareWelfare, energy consumption, and sustainable development parameters. The research hypothesis: despite the conditions identity of the economic transformations of Eastern Europe, CaucasusCaucasus, and Central Asia Region and Central Asia, these countries have distanced themselves from maintaining a close correlation of the economic efficiency components and have determined their own optimal combination. The factual basis includes the data of the International Energy Agency, United Nations Organization, and national statistical databases. For evaluation of the economic efficiency of the post-Soviet countries, a specific quartet of components “welfare-economic growth-energy consumption-environment” has been analyzed via DEA analysisDEA analysis. It has been proved that, despite the political and historical community, each country has its own strategy, showing the absence of a close correlation between the efficiency components of the countries in the region examined. A typology of subregions of Eastern EuropeEastern Europe, CaucasusCaucasus and Central Asia Region, and Central Asia has been developed. The obtained results can be applied as a supplement to the available approaches. They will allow identifying the most significant areas and empowering the unused reserves. The future research will focus on the comparison of the economic efficiency of post-Soviet and former socialist countries in Central and Eastern EuropeEastern Europe.

Keywords: Eastern Europe; Caucasus and Central Asia Region; DEA analysis; Welfare; Per capita GDP (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-26284-6_16

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DOI: 10.1007/978-3-030-26284-6_16

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