Bootstrapped efficiency measures of oil blocks in Angola

Carlos Barros and A. Assaf

Energy Policy, 2009, vol. 37, issue 10, 4098-4103

Abstract: This paper investigates the technical efficiency of Angola oil blocks over the period 2002-2007. A double bootstrap data envelopment analysis (DEA) model is adopted composed in the first stage of a DEA-variable returns to scale (VRS) model and then followed in the second stage by a bootstrapped truncated regression. Results showed that on average, the technical efficiency has fluctuated over the period of study, but deep and ultradeep oil blocks have generally maintained a consistent efficiency level. Policy implications are derived.

Keywords: Angola; oil; blocks; Technical; efficiency; Policy; implications (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (28)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:37:y:2009:i:10:p:4098-4103

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