Measuring Efficiency of Iran Global Competitiveness Index Compared with Selected Countries using Two-Stage Data Envelopment Analysis Model

Document Type : Original Article

Authors

1 Associate Professor, Shiraz University, Shiraz.

2 Ph.D. Student, Shiraz University.

Abstract

Competitiveness level of countries is one of an important index that contains most of the micro and macro economy variables. Thus the main purpose of this study is to design a heuristic model of Global Competitiveness Index in the frame of two-stage DEA and evaluate the efficiency of this index –regards to the 1404 Vision Document- for 40 Asia and North Africa countries from 2010-2011 till 2014-2015. The data collected from the World Economic Forum reports and analyzed by using two-stage DEA and WIN QSB software. The results show that efficiency growth of Global Competitiveness Index does not have an appropriate trend and achieving the goals of 1404 Vision Document require to set reference units that are obtained from this study, as the benchmarks of Iran.

Keywords


1. Chen, Y., Cook, W. D., & Zhu, J. (2010). Deriving the DEA Frontier for Two-Stage Processes. European Journal of Operational Research, 202, 138–142.
2. Fukuyamaa, H., & Matousekb, R. (2011). Efficiency of Turkish Banking: Two-Stage Network System Variable Returns to Scale Model. Journal of International Financial Markets, Institutions & Money21, 75–91.
3. Kao, C., Hwang, S. N. (2008). Efficiency Decomposition in Two-Stage Data Envelopment Analysis: An Application to Non-Life Insurance Companies in Taiwan. European Journal of Operational Research, 185(1), 418–429.
4. Kontolaimou, A., Giotopoulos, I., & Tsakanikas, A. (2015). A Typology of European Countries Based on Innovation Efficiency and Technology Gaps: The Role of Early-Stage Entrepreneurship. Economic Modelling, Article in Press.
5. Saleh, H., Hosseinzadeh Lotfi, F., Toloie Eshlaghy, A., & Shafiee, M. (2011). A New Two-Stage DEA Model for Bank Branch Performance Evaluation. 3rd Conference on Data Envelopment Analysis, Azad University-Firoozkuh Branch, July 29-30.
6. Seiford, L. M., & Zhu, J. (1999). Profitability and Marketability of the Top 55 Commercial Banks. Management Science, 45(9), 1270–1288.
7. Şener, S. (2013). The Competitiveness of Turkish Economy within the Scope of WEF Global Competitiveness Index. Procedia - Social and Behavioral Sciences, 75, 453 – 464.
8. Svitalkova, Z. (2014). Comparison and Evaluation of Bank Efficiency in Selected Countries in EU. Procedia Economics and Finance, 12, 644 – 653.
9. Varabyova, Y., & Schreyögg, Jonas. (2013). International Comparisons of the Technical Efficiency of the Hospital Sector: Panel Data Analysis of OECD Countries using Parametric and Non-Parametric Approaches. Health Policy, 112, 70–79.
10. World Economic Forum. (2014-2015). Global Competitiveness Report 2014–2015, Klaus Schwab (Editor), 4-565. http://www.weforum.org/reports.
11. World Economic Forum. (2010-2011 to 2014-2015). Global Competitiveness Report. http://www.weforum.org/reports
12. Xavier, S. M., Beñat, B. O., Jennifer, B., Margareta, D. H & Thierry, G. (2011). The Global Competitiveness Index 2011–2012: Setting the Foundations for Strong Productivity in World Economic Forum, Global Competitiveness Report 2011–2012, Klaus Schwab (Editor), Switzerland 2011, 3-49.