Comparison of Business Efficiency in Eastern European Countries Using DEA Models

The article describes results of empirical research focused on measuring efficiency of business units in different countries of Eastern Europe. Efficiency of small and medium enterprises has been estimated using models of the data envelopment analysis. Results have been aggregated by countries in order to identify which countries are more favorable for business activity. We have defined the country ranking based on the output from Data Envelopment Analysis (DEA). Our ranking has been compared with Easy of doing business ranking provided by the World Bank and Corruption ranking provided by the Transparency International Agency. Data used for this analysis has been taken from the results of an annual enterprise survey conducted by the World Bank.