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Investigating the financial and environmental efficiencies of EU countries under the European Green Deal

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This study aims to evaluate and compare the financial and environmental efficiencies of EU countries under the European Green Deal.
Analyzed 26 EU countries from 2021 to 2023
Employed super-slack-based measurement data envelopment analysis model
Evaluated three financial inputs and three environmental outputs including greenhouse gas emissions.
Higher public spending does not guarantee stronger environmental efficiency.
Many high-income EU countries are below the efficiency frontier, while some middle-income countries outperform them.
Substantial emission reductions and better financial allocation are necessary for improvement.

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Randomized trial assesses financial and environmental efficiencies in EU countries, indicating resource allocation needs.

Gökgöz et al. (2026) studied this question.

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