Energy efficiency of selected OECD countries: A slacks based model with undesirable outputs |
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| Affiliation: | 1. Business School, Northumbria University, City Campus East 1, Newcastle upon Tyne NE1 8ST, United Kingdom;2. Department of Economics, University of Pretoria, South Africa;3. ISEG, University of Lisbon, Rua Miguel Lupi, 20, 1247-978 Lisbon, Portugal;4. COPPEAD Graduate Business School, Federal University of Rio de Janeiro, Rua Paschoal Lemme, 355, Rio de Janeiro CEP 21949-900, Brazil;1. School of Management, University of Science and Technology of China, Hefei, Anhui Province 230026, PR China;2. Dongwu Business School, Soochow University, Suzhou, Jiangsu Province 215021, PR China |
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| 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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