Abstract
This article outlines and estimates a measure of underlying efficiency in electricity consumption for an unbalanced panel of 27 transition economies and 6 European OECD countries between 1994 and 2007. A Bayesian Generalized True Random Effects stochastic frontier model with persistent and transient inefficiency is considered by estimating an aggregate electricity demand function that leads to consumption efficiency scores, giving further insights than a simple analysis of energy intensity. There is evidence of convergence between the CIS countries and a block of Eastern European and OECD countries, although other country groups do not follow this tendency, such as the Balkans.
| Original language | English |
|---|---|
| Pages (from-to) | 553-578 |
| Number of pages | 26 |
| Journal | Economics of Transition |
| Volume | 26 |
| Issue number | 3 |
| Early online date | 26 Mar 2018 |
| DOIs | |
| Publication status | Published - Jul 2018 |
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This is the pre-peer reviewed version of the following article: Carvalho, A. (2018). Energy efficiency in transition economies. Economics of Transition., which has been published in final form at https://doi.org/10.1111/ecot.12152. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
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