This research seeks to analyze the performance of regional governments from an economic point of view. This is done by making several rankings of relative efficiency, taking into account the quality of the regions' expenditures. Six rankings were carried out according to six specific functions.Given the heterogeneity between regions, units were split into groupings using the Ward measure, an aglomeratic hierarchy method. Once complete, this helped us produce estimates for three groups of regions.In constructing these rankings, we used the Data Involvements Analysis (DEA) technique, a non-parametric method that computes an efficient frontier based on best practice with the distance between an observed point and the frontier being the core for computing the efficient measures. The Malmquist DEA index was used to take into account dynamic effects and disaggregated components of efficiency (...

If we consider welfare as a multidimensional phenomenon, we can show that the traditional approach, based on objective indicators and economic determinants, is insufficient. Apart from the positive but imperfect correlation between the household monetary income and subjective welfare, other factors influence that perception. We use the Economic Ladder Question (ELQ) in the Peruvian household surveys to analyze the factors determining economic welfare, employing an ordered logit model. Our research puts emphasis on those factors affected by policy. We show that more than 70% of the population considers itself 'poor' in subjective terms, while according to the poverty line approach, the proportion is 44,6%. This mismatch between subjective and objective measures means that, in urban and rural areas respectively, 53% and 81% of objective non-poor households subjectively consider themselves ...