Political Transition and Social Reparation in Venezuela: Challenges of Democratic Reconstruction

Lozada, Mireya

doi:10.1007/978-3-030-97542-5_17

Cited by 1 publication

(1 citation statement)

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“…Venezuela is experiencing a severe humanitarian crisis, with millions unable to access basic healthcare, energy supply, and adequate nutrition [9][10][11]. During the last six years, the economy of the country has stagnated, growing by less than 1% cumulatively, far below the population growth rate of 2.6%.…”

Section: A Brief Overview Of Economic Hardship In Some Opec Member Na...mentioning

confidence: 99%

An Improved Inverse DEA for Assessing Economic Growth and Environmental Sustainability in OPEC Member Nations

Orisaremi,

Chan,

2023

Mathematics

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Economic growth is essential for nations endowed with natural resources as it reflects how well those resources are utilized in an efficient and sustainable way. For instance, OPEC member nations, which hold a large proportion of the world’s oil and gas reserves, may require a frequent evaluation of economic growth patterns to ensure that the natural resources are best used. For this purpose, this study proposes an inverse data envelopment analysis model for assessing the optimal increase in input resources required for economic growth among OPEC member nations. In this context, economic growth is reflected in the GDP per capita, taking into account possible environmental degradation. Such a model is applied to the selected OPEC member nations, which suggests that in terms of increasing the GDP per capita, only one member was able to achieve the best efficiency (i.e., reaching the efficiency frontier), resulting in a hierarchy or dominance within the sample countries. The analysis results further identify the economic growth potential for each member country. For the case of Indonesia, the analysis suggests that further economic growth may be achieved for Indonesia without additional input resources. This calls for diversification of the nation’s economy or investment in other input resources. In addition, the overall results indicated that each member nation could increase its GDP per capita while experiencing minimal environmental degradation. Our analysis not only benchmarks the growth efficiency of countries, but also identifies opportunities for more efficient and sustainable growth.

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Section: A Brief Overview Of Economic Hardship In Some Opec Member Na...mentioning

confidence: 99%

An Improved Inverse DEA for Assessing Economic Growth and Environmental Sustainability in OPEC Member Nations

Orisaremi,

Chan,

2023

Mathematics

View full text Add to dashboard Cite

show abstract

Political Transition and Social Reparation in Venezuela: Challenges of Democratic Reconstruction

Cited by 1 publication

References 4 publications

An Improved Inverse DEA for Assessing Economic Growth and Environmental Sustainability in OPEC Member Nations

An Improved Inverse DEA for Assessing Economic Growth and Environmental Sustainability in OPEC Member Nations

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