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Dimensions Of Sustainable Development In Romania - A Data Envelopment Analysis

Author

Listed:
  • Camelia BURJA

    () (1 Decembrie 1918 University of Alba Iulia)

  • Vasile BURJA

Abstract

The efficiency registered by a country in the economic, social and ecological areas determines the growth pattern to achieve sustainable development. The contribution of each system component of sustainable development can be appreciated by various indicators. The main goal of this work is to present a possibility to evaluate the performance of new EU Member States related on the three important directions of sustainable development, using information from international databases. The paper used a Data Envelopment Analysis method for investigating the efficiency levels of sustainable development in the selected group of countries. These efficiency levels depend on each countrys specific conditions in resources management. The application of the method led to obtaining an efficiency frontier, and the possibility of ranking the countries in accordance with their relative scores of sustainable performance. The results obtained highlight that Romania did not register enough efficiency in using its economic, social and ecological resources, since consistent possibilities to improve the sustainable performance existed. Some measures are identified for reducing the gaps between the Romanian economy and the other EU countries, which could lead to a better harmonization of the three sustainable development components and could increase their favourable effects.

Suggested Citation

  • Camelia BURJA & Vasile BURJA, 2013. "Dimensions Of Sustainable Development In Romania - A Data Envelopment Analysis," Romanian Journal of Economics, Institute of National Economy, vol. 37(2(46)), pages 153-163, December.
  • Handle: RePEc:ine:journl:v:2:y:2013:i:44:p:153-163
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    File URL: http://www.revecon.ro/articles/2013-2/2013-2-11.pdf
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    References listed on IDEAS

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    1. Charnes, A. & Cooper, W. W. & Rhodes, E., 1978. "Measuring the efficiency of decision making units," European Journal of Operational Research, Elsevier, vol. 2(6), pages 429-444, November.
    2. Nataraja, Niranjan R. & Johnson, Andrew L., 2011. "Guidelines for using variable selection techniques in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 215(3), pages 662-669, December.
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    Cited by:

    1. Isin Cetì‡n, 2017. "Accounting Requirements And Records On Bank Subscribed Capital Compliance With European Directives," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 52-68, February.

    More about this item

    Keywords

    sustainable development; sustainable performance; DEA model; assessment;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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