The Relationships among Certain Political and Socioeconomic Variables with Economic Efficiency: An Exploratory Article

Thomas E. Lambert

Research output: Contribution to journalArticle

Abstract

This article is an empirical note that links measures of macroeconomic efficiency
constructed through data envelopment analysis (DEA) with measures of inequality, poverty, as
well as government debt, welfare spending, taxation and unionization in OECD nations from the
last decade. In the course of minimizing the amounts of resources or inputs necessary to generate
an optimal amount of GDP, those nations which are the most efficient in resource allocation and
input minimization are also hypothesized to be those with higher levels of poverty and inequality
yet lower levels of government spending and debt, tax revenues, and unionization, all else held
constant. Much has been written about how market efficiency is either compatible or incompatible
with these variables, and this article tries to offer more evidence by looking at how DEA measures
of economic efficiency either correlate or do not correlate with them.
Original languageEnglish
Pages (from-to)687-707
Number of pages31
JournalWorld Review of Political Economy
Volume2
Issue number2
Publication statusPublished - 2011
Externally publishedYes

Fingerprint

Data envelopment analysis
Correlates
Government debt
Socio-economics
Unionization
Economic efficiency
Poverty
Government spending
Tax revenues
Taxation
Market efficiency
Resources
Resource allocation
Macroeconomics

Keywords

  • data envelopment analysis
  • economic efficiency
  • government spending
  • government

Cite this

The Relationships among Certain Political and Socioeconomic Variables with Economic Efficiency: An Exploratory Article. / Lambert, Thomas E. .

In: World Review of Political Economy, Vol. 2, No. 2, 2011, p. 687-707.

Research output: Contribution to journalArticle

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