ENERGY EFFICIENCY ANALYSIS FOR THE EUROPEAN COUNTRIES

Fazıl Gökgöz and Ercem Erkul

Economy & Business Journal, 2014, vol. 8, issue 1, 124-140

Abstract: The energy sector receives considerable attention from both developed and developing countries. European countries, in addition to the fossil energy resources, are dependent on external energy resources, which pose a threat, as well. In addition, energy efficiency has played a significant role in the European countries’ economic growth, policy and export. Data envelopment analysis (DEA), a popular and useful mathematical method for decision makers, is used to analyze the efficiency levels of the decision-making units. The goal of this empirical study is to make a comparative energy efficiency analysis for the European countries. On the basis of the DEA analyses, CCR and BCC approaches have been applied to the European energy sector for the period of 2011-2012. In this regard, we have established an efficiency model that includes employment, the gross fixed capital formation (GFCF) and the primary energy consumption as the inputs, and gross domestic product (GDP) has been selected as the output. According to our results, Denmark, Ireland and Norway have demonstrated full efficiency for each year. In addition, the average efficiency scores in 2012 for the European countries have been demonstrated to be higher than those of 2011. We can conclude that the DEA technique could offer significant results to the analysis of the energy efficiency levels for the European countries.

Keywords: energy efficiency; european energy sector; data envelopment analysis (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.scientific-publications.net/get/1000007/1409338583748079.pdf (application/pdf)

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:isp:journl:v:8:y:2014:i:1:p:124-140

Access Statistics for this article

More articles in Economy & Business Journal from International Scientific Publications, Bulgaria
Bibliographic data for series maintained by Svetoslav Ivanov ().