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Bootstrapped efficiency measures of oil blocks in Angola

Barros, C and Assaf, Albert (2009) Bootstrapped efficiency measures of oil blocks in Angola. Energy Policy, 37 (10). pp. 4098-4103. ISSN 0301-4215

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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.

Item Type: Article
Uncontrolled Keywords: ResPubID19164. oil blocks, oil production, mining, energy policy, technical efficiency, policy implications, bootstrap, bootstrap data envelope analysis, DES, Angola, Angolan
Subjects: FOR Classification > 1605 Policy and Administration
Faculty/School/Research Centre/Department > School of Hospitality Tourism and Marketing
FOR Classification > 0914 Resources Engineering and Extractive: Metallurgy
Depositing User: VUIR
Date Deposited: 31 Aug 2011 04:00
Last Modified: 31 Aug 2011 04:00
URI: http://vuir.vu.edu.au/id/eprint/4141
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Citations in Scopus: 11 - View on Scopus

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