Please use this identifier to cite or link to this item: https://ruomo.lib.uom.gr/handle/7000/1033
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dc.contributor.authorRavanos, Panagiotis-
dc.contributor.authorKaragiannis, Giannis-
dc.date.accessioned2021-11-05T19:51:57Z-
dc.date.available2021-11-05T19:51:57Z-
dc.date.issued2021-
dc.identifier10.1007/s10644-020-09276-7en_US
dc.identifier.issn1573-9414en_US
dc.identifier.issn1574-0277en_US
dc.identifier.urihttps://doi.org/10.1007/s10644-020-09276-7en_US
dc.identifier.urihttps://ruomo.lib.uom.gr/handle/7000/1033-
dc.description.abstractIn this paper, we use value efficiency analysis (VEA) to assess effectiveness by means of a model decision making unit which is used as an overall benchmark. The latter is unanimously agreed that is “doing the right things” and defines a range of operating input/output mixes that is preferred by experts. We then decompose the effectiveness estimates into an efficiency component capturing the extent of “doing things right” and a mix component capturing the relative distance of the assessed units’ operating mix from the preferred range of operating mixes. The latter is residually estimated as the ratio of data envelopment analysis and VEA efficiency scores. We use the proposed approach to examine the effectiveness of countries in utilizing their economic prosperity to further develop their citizens’ social prosperity or human capabilities using UN data for the year 2015. The empirical results provide useful insights that help detecting countries which may need a shift of focus to relatively neglected aspects, in order to further enhance the capabilities of their citizens.en_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.sourceEconomic Change and Restructuringen_US
dc.subjectFRASCATI::Social sciencesen_US
dc.subjectFRASCATI::Social sciencesen_US
dc.subject.otherDEAen_US
dc.subject.otherVEAen_US
dc.subject.otherEfficiencyen_US
dc.subject.otherEffectivenessen_US
dc.subject.otherHuman capabilitiesen_US
dc.subject.otherSocial efficiencyen_US
dc.subject.otherSocial prosperityen_US
dc.titleUsing VEA to assess effectiveness in the development of human capabilitiesen_US
dc.typeArticleen_US
dc.contributor.departmentΤμήμα Οικονομικών Επιστημώνen_US
local.identifier.volume54en_US
local.identifier.issue1en_US
local.identifier.firstpage75en_US
local.identifier.lastpage99en_US
Appears in Collections:Department of Economics

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