Analysing the Pattern of Productivity Change in the European Energy Industry

For an industry to succeed in a competitive market, it should continuously take care of not only its stakeholders but also its technical efficiency and productivity. In this paper, data envelopment analysis was combined with Malmquist productivity analysis to investigate the pattern of multifactor p...

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Autores principales:	Djula Borozan, Dubravka Pekanov Starcevic
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	productivity changes technical efficiency energy industry DEA-based Malmquist productivity index European Union Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/bc8b63e32ddb4f50839bb8db3b71bf55
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spelling	oai:doaj.org-article:bc8b63e32ddb4f50839bb8db3b71bf552021-11-11T19:27:36ZAnalysing the Pattern of Productivity Change in the European Energy Industry10.3390/su1321117422071-1050https://doaj.org/article/bc8b63e32ddb4f50839bb8db3b71bf552021-10-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/11742https://doaj.org/toc/2071-1050For an industry to succeed in a competitive market, it should continuously take care of not only its stakeholders but also its technical efficiency and productivity. In this paper, data envelopment analysis was combined with Malmquist productivity analysis to investigate the pattern of multifactor productivity changes in the European energy industry over the period from 2005–2016. The results showed that the whole industry was technically inefficient and had large potential for improvement. A slight average increase in productivity that was observed over the studied period proved to be sensitive to the financial and economic situation and equally sensitive to technological and efficiency advances. As for efficiency gains, they reflected the nature of the energy industry, implying that they were due to scale efficiencies rather than human resource improvements. Although technological innovation and the optimal scale of production increased productivity, the slow pace at which this occurred and the negative outlook highlighted by the observed trends call for more serious consideration of the future productivity deployment of the European energy industry, particularly in the context of its decarbonisation, diversification, and modernisation.Djula BorozanDubravka Pekanov StarcevicMDPI AGarticleproductivity changestechnical efficiencyenergy industryDEA-based Malmquist productivity indexEuropean UnionEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 11742, p 11742 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	productivity changes technical efficiency energy industry DEA-based Malmquist productivity index European Union Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	productivity changes technical efficiency energy industry DEA-based Malmquist productivity index European Union Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Djula Borozan Dubravka Pekanov Starcevic Analysing the Pattern of Productivity Change in the European Energy Industry
description	For an industry to succeed in a competitive market, it should continuously take care of not only its stakeholders but also its technical efficiency and productivity. In this paper, data envelopment analysis was combined with Malmquist productivity analysis to investigate the pattern of multifactor productivity changes in the European energy industry over the period from 2005–2016. The results showed that the whole industry was technically inefficient and had large potential for improvement. A slight average increase in productivity that was observed over the studied period proved to be sensitive to the financial and economic situation and equally sensitive to technological and efficiency advances. As for efficiency gains, they reflected the nature of the energy industry, implying that they were due to scale efficiencies rather than human resource improvements. Although technological innovation and the optimal scale of production increased productivity, the slow pace at which this occurred and the negative outlook highlighted by the observed trends call for more serious consideration of the future productivity deployment of the European energy industry, particularly in the context of its decarbonisation, diversification, and modernisation.
format	article
author	Djula Borozan Dubravka Pekanov Starcevic
author_facet	Djula Borozan Dubravka Pekanov Starcevic
author_sort	Djula Borozan
title	Analysing the Pattern of Productivity Change in the European Energy Industry
title_short	Analysing the Pattern of Productivity Change in the European Energy Industry
title_full	Analysing the Pattern of Productivity Change in the European Energy Industry
title_fullStr	Analysing the Pattern of Productivity Change in the European Energy Industry
title_full_unstemmed	Analysing the Pattern of Productivity Change in the European Energy Industry
title_sort	analysing the pattern of productivity change in the european energy industry
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/bc8b63e32ddb4f50839bb8db3b71bf55
work_keys_str_mv	AT djulaborozan analysingthepatternofproductivitychangeintheeuropeanenergyindustry AT dubravkapekanovstarcevic analysingthepatternofproductivitychangeintheeuropeanenergyindustry
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Analysing the Pattern of Productivity Change in the European Energy Industry

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