Investigating the effect of efficiency and technical changes on productivity

George Halkos and Christina Bampatsou

MPRA Paper from University Library of Munich, Germany

Abstract: Better management of natural capital, an efficient allocation of resources and technological progress can contribute to productivity change. The present study uses Data Envelopment Analysis to determine the Total Factor Productivity Index, in the case of the EU15 countries, using panel data on energy consumption for a period spanning from 1995 to 2011. The aim is not only to determine the index of total factor productivity change but also to record its driving forces for the decision making units under consideration, showing whether the productivity gains come mainly from an improvement in efficiency or derive merely as a result of technological progress. In terms of eco-efficiency, the paper contributes in showing whether the overall development is more driven by input-saving or environmental-saving processes. The detailed decomposition offers policy makers additional insights into more valuable reference material representing the driving forces of productivity gains or losses.

Keywords: Energy; Energy Consumption; Environmental Economics; Carbon emissions; Eco-Efficiency; Data envelopment analysis; Total factor productivity index. (search for similar items in EconPapers)
JEL-codes: O11 O57 Q01 Q40 Q43 Q48 Q50 Q58 (search for similar items in EconPapers)
Date: 2016-12
New Economics Papers: this item is included in nep-eff, nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:76287

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