It is common practice to summarize the macroeconomic performance of countries in terms of the four well-known dimensions captured by the magic diamond of the OECD. This study provides a comparison of several synthetic indicators that merge the four separate indicators into one single statistic....

Efficiency estimations which do not account for the operational environment where production units are operating in may have only a limited value. This article presents a fully nonparametric framework to estimate relative performance of production units when accounting for continuous and...

In case of regional discretionary on the implementation of policy measures, central governments often consider differences in outcomes as an indication that one policy was more effective than another policy. If uniform incentives are provided to motivate regional policy makers, these incentives...