Energy efficiency of selected OECD countries: a slacks based model with undesirable outputs

Apergis, Nicholas, Aye, Goodness, Barros, Carlos Pestana, Gupta, Rangan and Wanke, Peter (2015) Energy efficiency of selected OECD countries: a slacks based model with undesirable outputs. Energy Economics, 51. pp. 45-53. ISSN 0140-9883

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Official URL: http://dx.doi.org/10.1016/j.eneco.2015.05.022

Abstract

This paper presents an efficiency assessment of selected OECD countries using a Slacks Based Model with undesirable or bad outputs (SBM-Undesirable). In this research, SBM-Undesirable is used first in a two-stage approach to assess the relative efficiency of OECD countries using the most frequent indicators adopted by the literature on energy efficiency. Besides, in the second stage, GLMM–MCMC methods are combined with SBM-Undesirable results as part of an attempt to produce a model for energy performance with effective predictive ability. The results reveal different impacts of contextual variables, such as economic blocks and capital–labor ratio, on energy efficiency levels.

Item Type: Article
Uncontrolled Keywords: energy, SBM-Undesitable, two-stage GLMM–MCMC
Subjects: L100 Economics
Department: Faculties > Business and Law > Newcastle Business School > Accounting and Finance
Depositing User: Ay Okpokam
Date Deposited: 27 Jul 2015 15:40
Last Modified: 14 Sep 2015 14:01
URI: http://nrl.northumbria.ac.uk/id/eprint/23443

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