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

Nicholas Apergis (), Goodness C. Aye, Carlos Barros, Rangan Gupta and Peter Wanke

Energy Economics, 2015, vol. 51, issue C, 45-53

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)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (63)

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Working Paper: Energy Efficiency of Selected OECD Countries: A Slacks Based Model with Undesirable Outputs (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:51:y:2015:i:c:p:45-53

DOI: 10.1016/j.eneco.2015.05.022

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