IDEAS home Printed from https://ideas.repec.org/a/ids/ijcome/v12y2022i4p459-485.html
   My bibliography  Save this article

Evaluating the efficiency of fiscal responses to COVID-19 pandemic in the OECD countries: a two-stage data envelopment analysis approach

Author

Listed:
  • Israa A. El Husseiny
  • Mohamed M. Badawy

Abstract

This study examines the relative technical efficiency (TE) of the fiscal stimulus packages introduced by the governments of 38 OECD countries in response to COVID-19 pandemic, using a two-stage data envelopment analysis (DEA) approach. The DEA results indicate that OECD countries are inefficient as they have the potential to save around 54.8% of their fiscal packages while maintaining the same performance in terms of economic growth and unemployment. Costa Rica, Greece, Ireland, Italy, Mexico, and Turkey are found to be fully efficient whereas Canada, Germany, Japan, the USA, and the UK are found to be the least efficient. The Tobit findings indicate that belonging to the EU, public expenditure on education, and population density, are positively correlated to the TE scores. In contrary, general government final consumption expenditure, size of fiscal stimulus packages, and COVID-19 infections rate tend to affect efficiency negatively.

Suggested Citation

  • Israa A. El Husseiny & Mohamed M. Badawy, 2022. "Evaluating the efficiency of fiscal responses to COVID-19 pandemic in the OECD countries: a two-stage data envelopment analysis approach," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 12(4), pages 459-485.
    • Handle: RePEc:ids:ijcome:v:12:y:2022:i:4:p:459-485
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=126325
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Claudio Thieme & Víctor Giménez & Diego Prior & Emili Tortosa-Ausina, 2023. "Health vs. Wealth: A Cross-country Analysis of Managerial Effectiveness of the COVID-19," Working Papers 2023/10, Economics Department, Universitat Jaume I, Castellón (Spain).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijcome:v:12:y:2022:i:4:p:459-485. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=311 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.