The objective of this paper is to provide a comprehensive efficiency measures to estimate the performances of OECD and non-OECD countries. A Russell directional distance function that appropriately credits the decision making unit not only for increase in desirable outputs but also for the decrease of undesirable outputs is derived from the proposed weighted Russell directional distance model. ...

In this note we study properties of utility functions suitable for performance evaluation of dynamic economic models under uncertainty. At first, we summarize basic properties of utility functions, at second we show how exponential utility functions can be employed in dynamic models where not only expectation but also the risk are considered. Special attention is focused on properties of the ex...

The degree of liberalization in OECD electricity markets varies considerably across countries. Commonly explained by diverging economic performances, corruption levels or government ideologies, this paper suggest another potential reason for cross-national differences in market reforms: given the high financial dependence of regulatory actors on public funding both in the past and nowadays, we ...

Within urban and tourism studies, although much research has focused on uneven city prosperity competitiveness, little is known about factors influencing seaside town economic performance. We adopt a place-based approach to understand its determinants amongst 58 of England’s largest towns drawing bespoke database. Through Partial Least Square analysis, Spearman’s Rank Correlation general linear...