The assessment of knowledge economy efficienccomparing Turkey with the European Union countries

dc.authorid55993129600
dc.authorid57205251459
dc.contributor.authorAyan T.Y.
dc.contributor.authorPabuçcu H.
dc.date.accessioned20.04.201910:49:12
dc.date.accessioned2019-04-20T21:43:01Z
dc.date.available20.04.201910:49:12
dc.date.available2019-04-20T21:43:01Z
dc.date.issued2018
dc.departmentBayburt Üniversitesien_US
dc.description.abstractKnowledge economy is an economy that produces, distributes and uses information. Nowadays, investment in quality information rather than capital inputs is becoming more and more important for countries to develop and to be able to compete with each other. The increasing speed in the creation and spreading of knowledge has made it a crucial component in economic development. It is a fact that the countries that make large investments in information factors experience a fast and sustainable growth and are the most dynamic and competitive countries in the world. In this paper, we use context dependent DEA to measure the relative efficiency of the European Union (EU) countries’, including Turkey, knowledge economy policy based on 2016 data. In addition, we implement factor-specific DEA in order to identify achievable targets in short term for each output of countries. Four outputs and three inputs were used in the analysis. The results showed that Germany is clearly ahead of other countries such as France, England, Malta and the Netherlands. Turkey, on the other hand, separates from other countries and is the least efficient one. The reason for this separation is that Turkey produces less output than expected relative to its facilities. Another conclusion of the paper is that the countries’ patent applications and high-tech exports are more inefficient than other knowledge economy outputs. © 2018, UNIVRIJEKA. All rights reserved.en_US
dc.identifier.doi10.18045/zbefri.2018.2.443
dc.identifier.endpage464
dc.identifier.issn1331-8004
dc.identifier.issue2
dc.identifier.scopus2-s2.0-85059249632en_US
dc.identifier.scopusqualityQ3en_US
dc.identifier.startpage443
dc.identifier.urihttps://dx.doi.org/10.18045/zbefri.2018.2.443
dc.identifier.urihttps://hdl.handle.net/20.500.12403/339
dc.identifier.volume36
dc.identifier.wosWOS:000454542100002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherUNIVRIJEKA
dc.relation.ispartofZbornik Radova Ekonomskog Fakultet au Rijecien_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectContext dependent data envelopmeanalysis
dc.subjectEfficiency
dc.subjectFactor-specific data envelopment analysis
dc.subjectKnowledge economy
dc.subjectContext dependent data envelopmeanalysis
dc.subjectEfficiency
dc.subjectFactor-specific data envelopment analysis
dc.subjectKnowledge economy
dc.titleThe assessment of knowledge economy efficienccomparing Turkey with the European Union countriesen_US
dc.typeArticleen_US

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