Stochastic frontier analysis of regional competitiveness

The regional competitiveness is the source of national competitiveness and the efficiency measuring and relative regional efficiency comparison are crucial questions for analysts as well as for economic policy creators. Regional competitiveness becomes a subject of evaluation due to increasing significance of regions in concept of European Union. This paper deals with the application of parametric benchmarking method – Stochastic Frontier Analysis (SFA) for measuring technical efficiency of NUTS2 regions of V4 countries within the time period of 8 years.