Estimating the Economic Determinants of Technical Efficiency of Bioenergy in EU-28: An Application of Tobit Analysis

Mohd Alsaleh () and Abdul-Rahim A.s ()

Journal of Social Economics Research, 2019, vol. 6, issue 2, 97-105

Abstract: This study identified the effects of economic factors on technical efficiency (TE) rate in the bio-energy section for the European Union zone (EU-28). A Tobit framework estimation was used to investigate the economic factors of TE rate in the bio-energy sector for the EU-28 zone during the period among 1990 through 2013. The findings point that economic determinants have a significant impact on TE rate of the bio-energy sector in the EU-28 countries. The empirical findings suggest that labor input and gross domestic product (GDP) significantly affected the TE of the bio-energy sector in the EU-28 zone through the duration of this paper. The results obviously inviting governors and politicians to investigate the TE rate of the bio-energy sector within the EU-28 zone. This paper gives further facts and details to the senates of the bio-energy sectors, as they require to get a further comprehension of the impact TE has on bio-energy production execution. In addition, the findings of this paper have suggestions for financiers who concentrates significantly on revenues from their direct-investments.

Keywords: Bioenergy industry; Technical efficiency; Capital input; Labour input; Gross domestic product; Real interest rate; EU-28 region (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://archive.conscientiabeam.com/index.php/35/article/view/1340/1878 (application/pdf)
https://archive.conscientiabeam.com/index.php/35/article/view/1340/5239 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pkp:josere:v:6:y:2019:i:2:p:97-105:id:1340

Access Statistics for this article

More articles in Journal of Social Economics Research from Conscientia Beam
Bibliographic data for series maintained by Dim Michael ().