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Comparative study on efficiency performance of listed coal mining companies in China and the US

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  • Fang, Hong
  • Wu, Junjie
  • Zeng, Catherine
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    Abstract

    Continually rising energy prices in global markets highlights a serious concern about the need to improve energy efficiency and the efficiency in energy sector in many countries. China, as one of the fastest growing countries in the world and the largest coal producer, has high coal consumption but a low recovery rate of coal utilization. Coal efficiency and the efficiency in coal industry have therefore attracted a great deal of attention from Chinese policy makers, coal firms and academics. This study attempts to compare the relative technical efficiency performance of listed coal mining companies in China and the US using CCR and BCC models in the advanced DEA linear programming. The results show that the level of relative efficiency in Chinese coal mining enterprises, regardless of total technical efficiency or decomposed pure technical and scale efficiency, is much lower than in American coal firms. The study also highlights the input resources that cause the inefficiency of Chinese coal mining companies. Furthermore, in-depth discussion and analysis of how the institutional environments of the two countries could cause the differences are provided.

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    Bibliographic Info

    Article provided by Elsevier in its journal Energy Policy.

    Volume (Year): 37 (2009)
    Issue (Month): 12 (December)
    Pages: 5140-5148

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    Handle: RePEc:eee:enepol:v:37:y:2009:i:12:p:5140-5148

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    Web page: http://www.elsevier.com/locate/enpol

    Related research

    Keywords: Technical efficiency DEA Coal mining industry;

    References

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    Cited by:
    1. Shi, Guang-Ming & Bi, Jun & Wang, Jin-Nan, 2010. "Chinese regional industrial energy efficiency evaluation based on a DEA model of fixing non-energy inputs," Energy Policy, Elsevier, vol. 38(10), pages 6172-6179, October.
    2. Sözen, Adnan & Alp, Ihsan & Özdemir, Adnan, 2010. "Assessment of operational and environmental performance of the thermal power plants in Turkey by using data envelopment analysis," Energy Policy, Elsevier, vol. 38(10), pages 6194-6203, October.
    3. Monica Carvalho & Dean L. Millar, 2012. "Concept Development of Optimal Mine Site Energy Supply," Energies, MDPI, Open Access Journal, vol. 5(11), pages 4726-4745, November.
    4. Zhang, Bo & Chen, G.Q., 2010. "Methane emissions by Chinese economy: Inventory and embodiment analysis," Energy Policy, Elsevier, vol. 38(8), pages 4304-4316, August.

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