The Efficiency Analysis of Agricultural Production in the European Union

Authors

  • Željana Ivošević University of Novi Sad, Faculty of Economics in Subotica
  • Boris Radovanov University of Novi Sad, Faculty of Economics in Subotica
  • Aleksandra Marcikić Horvat University of Novi Sad, Faculty of Economics in Subotica

DOI:

https://doi.org/10.46541/978-86-7233-428-9_393

Keywords:

Technical efficiency, Agricultural production, Data Envelopment Analysis

Abstract

In this paper authors examine relative technical efficiency of agricultural production in the European Union using Data Envelopment Analysis (DEA). Output oriented DEA model with variable return to scale has been applied. Four input variables were used in the model: labour, pesticides, fertilizers and used land. Production has been used as the only output variable. Results of this analysis indicate that the efficiency score values lie between 9% and 100%, with the average efficiency score of 52%. Slovenia, Estonia, Germany and Malta are characterized with the highest efficiency scores, while Cyprus, Finland and Ireland have the lowest efficiency score values. Policymakers can utilize this paper's findings to determine what elements enhance or diminish agriculture's efficiency.

Published

2024-07-01

How to Cite

Ivošević, Željana, Radovanov, B., & Marcikić Horvat, A. (2024). The Efficiency Analysis of Agricultural Production in the European Union. International Scientific Conference Strategic Management and Decision Support Systems in Strategic Management, 273-278. https://doi.org/10.46541/978-86-7233-428-9_393

Issue

2024: Proceedings of the 29th International Scientific Conference Strategic Management and Decision Support Systems in Strategic Management

Section

Articles