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Apergis, Nicholas; Aye, Goodness C; Barros, Carlos Pestana; Gupta, Rangan; Wanke, Peter
Energy economics, 09/2015, Volume: 51Journal Article
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. web URL: http://www.sciencedirect.com/science/article/pii/S0140988315001814
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