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Analysing the Pattern of Productivity Change in the European Energy Industry

Faculty of Economics, University of Osijek, 31000 Osijek, Croatia
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Academic Editor: Bertrand Hamaide
Sustainability 2021, 13(21), 11742; https://doi.org/10.3390/su132111742
Received: 5 September 2021 / Revised: 15 October 2021 / Accepted: 22 October 2021 / Published: 24 October 2021
(This article belongs to the Special Issue Sustainability and the Environmental Kuznets Curve Conjecture)
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. View Full-Text
Keywords: productivity changes; technical efficiency; energy industry; DEA-based Malmquist productivity index; European Union productivity changes; technical efficiency; energy industry; DEA-based Malmquist productivity index; European Union
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MDPI and ACS Style

Borozan, D.; Pekanov Starcevic, D. Analysing the Pattern of Productivity Change in the European Energy Industry. Sustainability 2021, 13, 11742. https://doi.org/10.3390/su132111742

AMA Style

Borozan D, Pekanov Starcevic D. Analysing the Pattern of Productivity Change in the European Energy Industry. Sustainability. 2021; 13(21):11742. https://doi.org/10.3390/su132111742

Chicago/Turabian Style

Borozan, Djula, and Dubravka Pekanov Starcevic. 2021. "Analysing the Pattern of Productivity Change in the European Energy Industry" Sustainability 13, no. 21: 11742. https://doi.org/10.3390/su132111742

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