Measuring macroeconomic performance in the OECD: a comparison of European and non-European countries

Article Abstract:

The macroeconomic performance of European and non-European countries belonging to the Organization for Economic Cooperation and Development between 1970 and 1990 was evaluated. Specifically, each country's performance was ranked according to a best practice performance frontier based on four macroeconomic goals and constructed via data envelopment analysis. Another ranking, which takes into consideration carbon and nitrogen emissions, was compiled and compared to the original list. The results show that inclusion of the environmental indicators lowered the ranking of European countries.

Operations research, Management science, Case studies, Evaluation, Economic aspects, Economic development, Organization for Economic Cooperation and Development, Macroeconomics

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Radial DEA models without inputs or without outputs

Article Abstract:

A study was conducted to analyze radial data envelopment analysis (DEA) models without inputs (or without outputs)(CCR) and CCR models with a single constant input (or with a single constant output). It was noted that CCR models without inputs or outputs are meaningless because they do not have the capacity to distinguish efficient from inefficient units. On the other hand, CCR models with a single constant input or output was found to coincide with the BCC model developed by RD Banker et al for evaluating relative efficiency of similar economic production systems.

Models, Production management

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Target setting: an application to a bank branch network

Article Abstract:

The performance of the target setting procedure used by a major Spanish financial institution is analyzed. The ability of branch offices to comply with targets set by bank management is examined. The targets, which are designed to accommodate local, regional and national economic conditions, are then evaluated. Results show that the list of targets can be significantly reduced without major loss of distortion of information to bank management.

Commercial Banks, Commercial Banking, Standards, Banking industry, Management, Goal setting, Branch banks

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