Assessment of the Effectiveness of the Eastern Europe, Caucasus, and Central Asia Based on the DEA Analysis Method

Статья в сборнике трудов конференции

The article studies the effectiveness of Eastern Europe, Caucasus, and Central Asia in terms of linking welfare, energy consumption, and sustainable development parameters. The research hypothesis: despite the conditions identity of the economic transformations of Eastern Europe, Caucasus and Central Asia, these countries have distanced themselves from maintaining a close correlation of the economic efficiency components and have determined their own optimal combination. The factual basis includes the data of the International Energy Agency, United Nations Organization, and national statistical databases. For evaluation of the economic efficiency of the post-Soviet countries, a specific quartet of components “welfare-economic growth-energy consumption-environment” has been analyzed via DEA analysis. It has been proved that, despite the political and historical community, each country has its own strategy, showing the absence of a close correlation between the efficiency components of the countries in the region examined. A typology of subregions of Eastern Europe, Caucasus, and Central Asia has been developed. The obtained results can be applied as a supplement to the available approaches. They will allow identifying the most significant areas and empowering the unused reserves. The future research will focus on the comparison of the economic efficiency of post-Soviet and former socialist countries in Central and Eastern Europe.

Библиографическая запись: Pogharnitskaya, O. V. Assessment of the Effectiveness of the Eastern Europe, Caucasus, and Central Asia Based on the DEA Analysis Method / O. V. Pogharnitskaya [et. al.] // Prospects of Fundamental Science Development International Conference 2018 (PFSD 2018): Economics and Management Session. Global Economics and Management: Transition to Economy. - Springer Nature, 2019. - P. 179-192.

Конференция:

• Global Economics and Management: Transition to Economy 4.0
• Россия, Томская область, Томск, 23-26 апреля 2019,
• Международная

Издательство:

Springer

Россия