ASSESSMENT OF CONTINENT-WISE ENERGY EFFICIENCY BASED ON CO2 EMISSIONS: A SLACK-BASED DEA APPROACH
Mohd Afjal, Kavya C S
Assistant Professor, Amity University Maharashtra
This study uses the Data Envelopment Analysis (DEA) slack-based model (SBM) and Malmquist Productivity Index (MPI) to evaluate energy efficiency based on CO2 emissions in 42 countries belonging to 6 continents. First, the data envelopment analysis was employed to calculate the efficiency scores for the countries individually and continent basis and then Malmquist index was used to examine the improvement. The study period chosen was 2011-2020. The results of this study showed that on the basis of continents there has been fluctuations in energy efficiency except for Australia, with an efficiency score of equal to one throughout the study period. Additionally, from the results of Malmquist Productivity Index it was found that the 42 countries showed no significant energy enhancement during the period of 2011-2020.
Keywords: Energy Efficiency, CO2 emissions, Continents, Data Envelopment Analysis, Malmquist Productivity Index
Journal Name :
EPRA International Journal of Economic and Business Review(JEBR)
Published on : 2021-10-30