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Productivity assessment of Angola's oil blocks

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  • Barros, Carlos Pestana
  • Managi, Shunsuke

Abstract

This paper analyzes the change in productivity as a result of Angola oil policy from 2001 to 2007. Angola oil blocks are the main source of tax receipts and, therefore, strategically important for public finances. A Malmquist index with the input technological bias is applied to measure productivity change. Oil blocks on average became both more efficient and experienced technological progress. Our results indicate that the traditional growth accounting method, which assumes Hicks neutral technological change, is not appropriate for analyzing changes in productivity for Angola oil blocks. Policy implications are derived.

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  • Barros, Carlos Pestana & Managi, Shunsuke, 2009. "Productivity assessment of Angola's oil blocks," Energy, Elsevier, vol. 34(11), pages 2009-2015.
    • Handle: RePEc:eee:energy:v:34:y:2009:i:11:p:2009-2015
    DOI: 10.1016/j.energy.2009.08.016
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    3. Carlos Barros, 2012. "The Resource Curse and Rent-Seeking in Angola," CEsA Working Papers 102, CEsA - Centre for African and Development Studies.
    4. Yadav, Vinod Kumar & Padhy, N.P. & Gupta, H.O., 2010. "A micro level study of an Indian electric utility for efficiency enhancement," Energy, Elsevier, vol. 35(10), pages 4053-4063.
    5. Adel Hatami-Marbini & Aliasghar Arabmaldar & John Otu Asu, 2022. "Robust productivity growth and efficiency measurement with undesirable outputs: evidence from the oil industry," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 44(4), pages 1213-1254, December.
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    7. Zahedi, Gholamreza & Azizi, Saeed & Bahadori, Alireza & Elkamel, Ali & Wan Alwi, Sharifah R., 2013. "Electricity demand estimation using an adaptive neuro-fuzzy network: A case study from the Ontario province – Canada," Energy, Elsevier, vol. 49(C), pages 323-328.

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