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

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Authors

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

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Volume Title

Publisher

Elsevier

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.

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Keywords

Energy, Two-stage GLMM-MCMC, Organisation for Economic Co-operation and Development (OECD), OECD countries, Slacks Based Model with undesirable or bad outputs (SBM-Undesirable), Generalized linear mixed models (GLMM), Markov chain Monte Carlo (MCMC)

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Citation

Apergis, N, Aye, GC, Barros, CP, Gupta, R & Wanke, P 2015, 'Energy efficiency of selected OECD countries : a slacks based model with undesirable outputs', Energy Economics, vol. 51, pp. 45-53.