Abstract
The main purpose of this paper is to examine the energy efficiency determinants in Mediterranean countries over 2009-2012. In order to account for both the bias and serial correlation of efficiency scores, we use the double bootstrap procedure suggested by Simar and Wilson (2007) which allows for valid inference. By using a specific bootstrap procedure in the first stage, the DEA efficiency estimator is corrected for the bias. A parametric bootstrap procedure is also applied, in the second stage analysis, to the truncated regression of DEA bias-corrected efficiency scores on environmental variables. In the first stage, empirical findings show that energy efficiency levels in the Mediterranean countries are high and declining over time. The results of the second stage analysis reveal that the gross national income per capita, the population density, and the renewable energy use impact energy efficiency. Finally, the study provides policy implications for future improvement of energy efficiency.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
