Energy Efficiency of Selected OECD Countries: A Slacks Based Model with Undesirable Outputs

Nicholas Apergis (), Goodness Aye (), Carlos Barros, Rangan Gupta and Peter Wanke ()
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Goodness Aye: Department of Economics, University of Pretoria
Peter Wanke: COPPEAD Graduate Business School, Federal University of Rio de Janeiro Rua Paschoal Lemme, 355, Rio de Janeiro, Brazil CEP 21949-900.

No 201477, Working Papers from University of Pretoria, Department of Economics

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.

Keywords: Energy; OECD; SBM-Undesitable; Two-stage GLMM-MCMC (search for similar items in EconPapers)
JEL-codes: C6 D2 Q4 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2014-11
New Economics Papers: this item is included in nep-eff and nep-ene
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Journal Article: Energy efficiency of selected OECD countries: A slacks based model with undesirable outputs (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:201477

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