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Bootstrapped efficiency measures of oil blocks in Angola

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  • Barros, C.P.
  • Assaf, A.

Abstract

This paper investigates the technical efficiency of Angola oil blocks over the period 2002-2007. A double bootstrap data envelopment analysis (DEA) model is adopted composed in the first stage of a DEA-variable returns to scale (VRS) model and then followed in the second stage by a bootstrapped truncated regression. Results showed that on average, the technical efficiency has fluctuated over the period of study, but deep and ultradeep oil blocks have generally maintained a consistent efficiency level. Policy implications are derived.

Suggested Citation

  • Barros, C.P. & Assaf, A., 2009. "Bootstrapped efficiency measures of oil blocks in Angola," Energy Policy, Elsevier, vol. 37(10), pages 4098-4103, October.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:10:p:4098-4103
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