Comparative analysis of EU and candidate countries resource efficiency

Abstract

European Union is a regional integration project with its social and economic objectives. it is an important economic power competing with U.S. at west and with Chine at east. It aims the economic homogeneity of the member states and candidate countries in its region. This study aims to rank 27 EU members and 3 candidate countries according to their assumed input-output structures for the years 2002 and 2006. CCR and BCC Data Envelopment Analysis models were used to determine relative efficiency, so effective and non-effective countries were discriminated. Furthermore Super-Efficiency model of DEA was used to evaluate the effective countries. The findings are interpreted as that the EU achieves some of the specified important objectives.