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New Member States: Efficiency Measurement Within the EU and Human Capital

Author

Listed:
  • Eduard Nezinský

    (University of Economics in Bratislava, Slovakia)

  • Elena Fifeková

    (University of Economics in Bratislava, Slovakia)

Abstract

Non-parametrical approach to productivity analysis helps avoid assumption as to specific type of production function. Moreover, slack-based models as part of Data Envelopment Analysis are capable of identifying all sources of inefficiency. In the paper, we show that taking human capital into account in evaluating technical efficiency of economies matters. Employing human capital as labouraugmenting coefficient reveals inefficiency of use of such type of input in many European countries. On the other hand, catching up countries appear to use their human capital effectively, all with respect to selected inputs – physical and human capital, and output proxied by GDP to describe transformation process, the method being decomposition of the overall efficiency measure to components attributable to country and the group.

Suggested Citation

  • Eduard Nezinský & Elena Fifeková, 2014. "New Member States: Efficiency Measurement Within the EU and Human Capital," Human Capital without Borders: Knowledge and Learning for Quality of Life; Proceedings of the Management, Knowledge and Learning International Conference 2014,, ToKnowPress.
    • Handle: RePEc:tkp:mklp14:437-444
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