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Analysis of the effectiveness of the EU economies
 Charvátová, Petra ; Pánková, Václava (advisor) ; Křepelová, Marika (referee)
Analysis of technical efficiency can be carried out by several possible approaches, such as a deterministic parametric approach, deterministic non-parametric approach (data envelopment analysis) and stochastic parametric approach. The content of this work is an analysis using stochastic parametric approach and deals with the efficiency computed by the help of production functions. The best known and most commonly used aggregate production function is a Cobb-Douglas production function, which is a modification of the static formulation of a relationship between variables and factors of production. The analysis of efficiency can be explained by using of different factors. In this work, the effectiveness is analyzed by the export value of controlled entities and dependent on GDP and public investment. Technical efficiency is studied comparing twenty-seven European Union economies. The analysis is applied to the universal values of the variables and the values per capita.
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