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The Renewable Energy Development: A Nonparametric Efficiency Analysis

  • Aldea, Anamaria


    (Department of Economic Informatics and Cybernetics, Academy of Economic Studies)

  • Ciobanu, Anamaria


    (Department of Finance, Academy of Economic Studies)

  • Stancu, Ion


    (Department of Finance, Academy of Economic Studies)

The paper’s main objective is to examine the efficiency of renewable energy development in the EU using 2009 national data. We apply nonparametric techniques to determine efficiency estimators that provide an insight into the quality of renewable energy policy and its impact on the EU countries. We use nonparametric techniques to determine the DEA efficiency estimates and a bootstrap algorithm that corrects the efficiency estimates and also provides confidence intervals for the bias-corrected efficiency estimates. Moreover, our analysis reveals the energy policy impact by country on the development of renewable energy markets. The implications of the results are discussed in relation to the current developments in the EU renewable energy market and recent policy initiatives.

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Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

Volume (Year): (2012)
Issue (Month): 1 (March)
Pages: 5-19

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Handle: RePEc:rjr:romjef:v::y:2012:i:1:p:5-19
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  1. Luiza Badin & Cinzia Daraio & Léopold Simar, 2008. "Optimal Bandwidth Selection for Conditional Efficiency Measures: a Data-driven Approach," LEM Papers Series 2008/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  2. Edvardsen, Dag Fjeld & Forsund, Finn R., 2003. "International benchmarking of electricity distribution utilities," Resource and Energy Economics, Elsevier, vol. 25(4), pages 353-371, October.
  3. Simar, Leopold & Wilson, Paul W., 2007. "Estimation and inference in two-stage, semi-parametric models of production processes," Journal of Econometrics, Elsevier, vol. 136(1), pages 31-64, January.
  4. Leopold Simar & Paul Wilson, 2000. "A general methodology for bootstrapping in non-parametric frontier models," Journal of Applied Statistics, Taylor & Francis Journals, vol. 27(6), pages 779-802.
  5. Agrell, Per J. & Bogetoft, Peter, 2005. "Economic and environmental efficiency of district heating plants," Energy Policy, Elsevier, vol. 33(10), pages 1351-1362, July.
  6. Fare, R. & Grosskopf, S. & Hernandez-Sancho, F., 2004. "Environmental performance: an index number approach," Resource and Energy Economics, Elsevier, vol. 26(4), pages 343-352, December.
  7. Bădin, Luiza & Daraio, Cinzia & Simar, Léopold, 2012. "How to measure the impact of environmental factors in a nonparametric production model," European Journal of Operational Research, Elsevier, vol. 223(3), pages 818-833.
  8. Zaim, Osman, 2004. "Measuring environmental performance of state manufacturing through changes in pollution intensities: a DEA framework," Ecological Economics, Elsevier, vol. 48(1), pages 37-47, January.
  9. Zhou, Peng & Poh, Kim Leng & Ang, Beng Wah, 2007. "A non-radial DEA approach to measuring environmental performance," European Journal of Operational Research, Elsevier, vol. 178(1), pages 1-9, April.
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  11. Léopold Simar & Paul W. Wilson, 1998. "Sensitivity Analysis of Efficiency Scores: How to Bootstrap in Nonparametric Frontier Models," Management Science, INFORMS, vol. 44(1), pages 49-61, January.
  12. Simar, L. & Wilson, P.W., 1999. "Performance of the Bootstrap for DEA Estimators and Iterating the Principle," Papers 0002, Catholique de Louvain - Institut de statistique.
  13. Toru Hattori & Tooraj Jamasb & Michael Pollitt, 2005. "Electricity Distribution in the UK and Japan: A Comparative Efficiency Analysis 1985-1998," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 23-48.
  14. Jamasb, Tooraj & Nillesen, Paul & Pollitt, Michael, 2004. "Strategic behaviour under regulatory benchmarking," Energy Economics, Elsevier, vol. 26(5), pages 825-843, September.
  15. Bădin, Luiza & Simar, Léopold, 2009. "A Bias-Corrected Nonparametric Envelopment Estimator Of Frontiers," Econometric Theory, Cambridge University Press, vol. 25(05), pages 1289-1318, October.
  16. Gale Boyd & George Tolley & Joseph Pang, 2002. "Plant Level Productivity, Efficiency, and Environmental Performance of the Container Glass Industry," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 23(1), pages 29-43, September.
  17. Rovere, Emilio Lebre La & Soares, Jeferson Borghetti & Oliveira, Luciano Basto & Lauria, Tatiana, 2010. "Sustainable expansion of electricity sector: Sustainability indicators as an instrument to support decision making," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(1), pages 422-429, January.
  18. Cazals, Catherine & Florens, Jean-Pierre & Simar, Leopold, 2002. "Nonparametric frontier estimation: a robust approach," Journal of Econometrics, Elsevier, vol. 106(1), pages 1-25, January.
  19. Picazo-Tadeo, Andres J. & Reig-Martinez, Ernest & Hernandez-Sancho, Francesc, 2005. "Directional distance functions and environmental regulation," Resource and Energy Economics, Elsevier, vol. 27(2), pages 131-142, June.
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