439 research outputs found

    Mergers and Acquisitions Between Mutual Banks in Italy :An analysis of the effects on performance and productive efficiency

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    The paper is aimed at testing the hypothesis that the M&A wave over the past ten years has increased the level of efficiency of co-operative credit banks (CCBs), both in terms of overall performance and productive efficiency. The logical development is hinged on two steps: 1) an explorative analysis which is based on the observation of balance sheet ratios by quantiles, 2) a DEA application for estimating productive efficiency scores. The analysis refers to 94 CCBs which have been involved in M&As over the period 1995-1998 and is carried out on both merged and non-merged banks, either before concentration or in the subsequent years.

    Public sector efficiency: Leveling the playing field between OECD countries

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    In this paper we seek a robust methodology to measure the relative public spending efficiency of 19 OECD countries over the period 1980-2000. Based on the functional classification of government expenditure, we decompose total public spending into its separate accounts and we employ a semi-parametric method to obtain relative efficiency scores (for the separate accounts as well as for aggregate public spending). The econometric method isolates the impact of government inefficiency from the inefficiency arising from the socioeconomic environment or luck, thus leveling the playing field between the examined countries. The results suggest that the quality of governance is more important than the socioeconomic environment or luck. Finally, we propose a technique to measure the allocative efficiency of public spending, in an effort to proxy the optimal allocation of public funds when the governments set specific targets.Public spending; Technical and allocative efficiency; Stochastic DEA

    Public sector efficiency: evidence for new EU member states and emerging markets

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    In this paper we analyse public sector efficiency in the new member states of the European Union compared to that in emerging markets. After a conceptual discussion of expenditure efficiency measurement issues, we compute efficiency scores and rankings by applying a range of measurement techniques. The study finds that expenditure efficiency across new EU member states is rather diverse especially as compared to the group of top performing emerging markets in Asia. Econometric analysis shows that higher income, civil service competence and education levels as well as the security of property rights seem to facilitate the prevention of inefficiencies in the public sector. JEL Classification: C14, H40, H50DEA, Efficiency, emerging markets, Government expenditure, new EU member states

    Probabilistic measures of efficiency and the influence of contextual variables in nonparametric production models: an application to agricultural ressearch in Brazil.

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    In a research institution it is important to identify which management practices have influence on production efficiency. In this paper we assess the statistical significance of contextual variables type, size, financial resources acquisition, intensity of partnerships, processes improvements and management change. The analysis is carried out for the Brazilian Agricultural Research Corporation over the period 1999?2006. The statistical analysis uses a balanced dynamic panel data model. We conclude that only financial resources acquisition is statistically significant. The association with the production process is positive. We also found the two lag inertial components of the conditional FDH to unconditional FDH ratio statistically significant, indicating a 2-year effort to improve efficiency

    Interjurisdictional Competition and Public-Sector Modernisation - Theory and Empirics

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    This dissertation analysis the consequences of interjurisdictional competition for a mobile tax base for the efficiency of the public sector and the growth potential of a jurisdiction.Diese Dissertation untersucht die Konsequenzen des Standortwettbewerbs um eine mobile Steuerbasis für die Effizienz der öffentlichen Verwaltung und das Wachstumspotential einer Volkswirtschaft oder einer Region

    Methodological Advances in Dea

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    We survey the methodological advances in DEA over the last 25 years and discuss the necessary conditions for a sound empirical application. We hope this survey will contribute to the further dissemination of DEA, the knowledge of its relative strengths and weaknesses, and the tools currently available for exploiting its full potential. Our main points are illustrated by the case of the DEA study used by the regulatory office of the Dutch electricity sector (Dienst Toezicht Elektriciteitswet; Dte) for setting price caps

    The effectiveness and efficiency of public spending

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    This paper shows that the efficiency in public services more generally and in public spending on education and R&D in particular varies significantly between countries. The paper, however, also illustrates the difficulties of measuring efficiency and effectiveness. Progress has been made in developing the necessary measurement techniques, but there is a lack of suitable data to apply those techniques.  Good quality data are needed because the techniques available to measure efficiency are sensitive to outliers and may be influenced by exogenous factors. Against this background, analyses based upon individual spending areas seem to be a more promising approach to measure efficiency and effectiveness on a cross-country basis.The effectiveness and efficiency of public spending, education spending, R&D spending, efficiency frontier, public administration, input, output, environmental factors, Mandl, Dierx, Ilzkovitz

    Measurement of Returns-to-Scale using Interval Data Envelopment Analysis Models

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    The file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI linkThe economic concept of Returns-to-Scale (RTS) has been intensively studied in the context of Data Envelopment Analysis (DEA). The conventional DEA models that are used for RTS classification require well-defined and accurate data whereas in reality observations gathered from production systems may be characterized by intervals. For instance, the heat losses of the combined production of heat and power (CHP) systems may be within a certain range, hinging on a wide variety of factors such as external temperature and real-time energy demand. Enriching the current literature independently tackling the two problems; interval data and RTS estimation; we develop an overarching evaluation process for estimating RTS of Decision Making Units (DMUs) in Imprecise DEA (IDEA) where the input and output data lie within bounded intervals. In the presence of interval data, we introduce six types of RTS involving increasing, decreasing, constant, non-increasing, non-decreasing and variable RTS. The situation for non-increasing (non-decreasing) RTS is then divided into two partitions; constant or decreasing (constant or increasing) RTS using sensitivity analysis. Additionally, the situation for variable RTS is split into three partitions consisting of constant, decreasing and increasing RTS using sensitivity analysis. Besides, we present the stability region of an observation while preserving its current RTS classification using the optimal values of a set of proposed DEA-based models. The applicability and efficacy of the developed approach is finally studied through two numerical examples and a case study

    The efficiency frontier as a method for gauging the performance of public expenditure : a Belgian case study

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    This paper uses the Free Disposal Hull framework in order to assess the relative efficiency of Belgian general government in the field of health care, education and public order and safety. In order to do so, this paper aggregates a large number of outcome indicators. Several drawbacks indicate that results must be interpreted cautiously. These drawbacks aside, the analysis reveals that Belgium is relatively efficient in the field of health care. As a whole, the Belgian education system is more expensive but also produces better results than the European average. However, an analysis based on a limited set of indicators reveals that the French-speaking education sector is very inefficient while the Flemish Community’s efficiency is markedly better. As far as public order and safety are concerned, major improvements could and should be made, either to improve service or cut costsPublic spending efficiency, FDH
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