A literature review of economic efficiency assessments using Data Envelopment Analysis

• Type: Another Publication in an International Scientific Journal
• Date: 2024

Authors

Ana Maria Cunha Ribeiro dos Santos Ponces Camanho (Author) FEUP; Silva, MC (Author) Other; Piran, FS (Author) Other; Lacerda, DP (Author) Other

Journal

Title: European Journal of Operational Research

Vol. 315

Pages: 1-18

ISSN: 0377-2217

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 5 Citations

Scopus - 0 Citations

Other information

Authenticus ID: P-00Z-1J7

DOI: 10.1016/j.ejor.2023.07.027

Abstract (EN): This paper presents a literature review on Data Envelopment Analysis assessments of economic efficiency, covering methodological developments and empirical applications. We review the seminal models for economic efficiency measurement, involving the optimization of cost, revenue, and profit. The applications of the different modelling approaches are also discussed. Based on a content analysis of papers published between 1978 and 2020 in various sectors, the main areas of study are identified, and the pathways of research developments are discussed. Most studies are based on disaggregated quantity and price data. In addition, the use of panel data is prevalent compared to cross-sectional studies. There is a preponderance of input -oriented studies focused on cost efficiency rather than revenue or profit efficiency. Informed by the historical evolution of economic efficiency assessments portrayed in this review, we suggest directions for future developments. (c) 2023 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license ( http://creativecommons.org/licenses/by/4.0/ )

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 18