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

Nicholas Apergis, Goodness Aye, Carlos Pestana Barros, Rangan Gupta, Peter Wanke

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    105 Citations (Scopus)

    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.
    Original languageEnglish
    Pages (from-to)45-53
    JournalEnergy Economics
    Volume51
    DOIs
    Publication statusPublished - Sept 2015

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