Evaluating the Dynamic Energy Production Efficiency in APEC Economies
This study introduces the translation adjustment model of Seiford and Zhu (2002) into dynamic DEA models to measure and analyze the dynamic energy efficiency of Asia-Pacific Economic Cooperation (APEC) economies from 2010 to 2014. The APEC economies are divided into annual energy and overall energy...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-07-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/14/14/4343 |
| _version_ | 1797527160417681408 |
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| author | Dan Wu Ching-Cheng Lu Xiang Chen Pei-Chieh Tu An-Chi Yang Chih-Yu Yang |
| author_facet | Dan Wu Ching-Cheng Lu Xiang Chen Pei-Chieh Tu An-Chi Yang Chih-Yu Yang |
| author_sort | Dan Wu |
| collection | DOAJ |
| description | This study introduces the translation adjustment model of Seiford and Zhu (2002) into dynamic DEA models to measure and analyze the dynamic energy efficiency of Asia-Pacific Economic Cooperation (APEC) economies from 2010 to 2014. The APEC economies are divided into annual energy and overall energy efficiency ratings, and improvement directions are proposed for the different variables. With the proposal of magnitude, this study discusses the changes in intertemporal conversion variables and proposes suggestions for improvement. Finally, this study analyzes the implications of energy investment and the efficiency policies of APEC economies. The results show that economies with the lowest overall energy efficiency ratings have great potential for improvement. Reducing capital stock, labor, fossil fuel consumption, and CO<sub>2</sub> emissions while increasing GDP can increase energy efficiency ratings. However, economies do not want to reduce the state’s capital stock, and labor and population birth adjustments are difficult. Energy efficiency can only start by adjusting the consumption of fossil fuels, CO<sub>2</sub> emissions, and GDP. The results indicate that to improve energy efficiency and reduce fossil fuel consumption and CO<sub>2</sub> emissions, economies are expected to increase their GDP unless they enact cuts through policy and technical approaches, appropriately adjust their energy policies, and actively develop new energy technologies to effectively reduce CO<sub>2</sub> emissions and achieve optimal energy efficiency. |
| first_indexed | 2024-03-10T09:40:07Z |
| format | Article |
| id | doaj.art-514d5e6935f84cefb2059b09243447e9 |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T09:40:07Z |
| publishDate | 2021-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-514d5e6935f84cefb2059b09243447e92023-11-22T03:43:59ZengMDPI AGEnergies1996-10732021-07-011414434310.3390/en14144343Evaluating the Dynamic Energy Production Efficiency in APEC EconomiesDan Wu0Ching-Cheng Lu1Xiang Chen2Pei-Chieh Tu3An-Chi Yang4Chih-Yu Yang5Teaching Center, Zhejiang Open University, 42 Jiaogong Road, Hangzhou 310012, ChinaDepartment of Economics, Soochow University, No. 56, Section 1, Kueiyang Street, Chungcheng District, Taipei City 100, TaiwanChina Academy of Financial Research, Zhejiang University of Finance and Economics, No. 18, Xueyuan Street, Xiasha Higher Education Park, Hangzhou 310018, ChinaDepartment of Applied Economics, Fo Guang University, No. 160, Linwei Rd., Jiaosi, Yilan County 262307, TaiwanDepartment of Economics, Soochow University, No. 56, Section 1, Kueiyang Street, Chungcheng District, Taipei City 100, TaiwanDepartment of Economics, Soochow University, No. 56, Section 1, Kueiyang Street, Chungcheng District, Taipei City 100, TaiwanThis study introduces the translation adjustment model of Seiford and Zhu (2002) into dynamic DEA models to measure and analyze the dynamic energy efficiency of Asia-Pacific Economic Cooperation (APEC) economies from 2010 to 2014. The APEC economies are divided into annual energy and overall energy efficiency ratings, and improvement directions are proposed for the different variables. With the proposal of magnitude, this study discusses the changes in intertemporal conversion variables and proposes suggestions for improvement. Finally, this study analyzes the implications of energy investment and the efficiency policies of APEC economies. The results show that economies with the lowest overall energy efficiency ratings have great potential for improvement. Reducing capital stock, labor, fossil fuel consumption, and CO<sub>2</sub> emissions while increasing GDP can increase energy efficiency ratings. However, economies do not want to reduce the state’s capital stock, and labor and population birth adjustments are difficult. Energy efficiency can only start by adjusting the consumption of fossil fuels, CO<sub>2</sub> emissions, and GDP. The results indicate that to improve energy efficiency and reduce fossil fuel consumption and CO<sub>2</sub> emissions, economies are expected to increase their GDP unless they enact cuts through policy and technical approaches, appropriately adjust their energy policies, and actively develop new energy technologies to effectively reduce CO<sub>2</sub> emissions and achieve optimal energy efficiency.https://www.mdpi.com/1996-1073/14/14/4343dynamic DEAtranslation adjustmentenergy efficiencyAPECCO<sub>2</sub> emissionsGDP |
| spellingShingle | Dan Wu Ching-Cheng Lu Xiang Chen Pei-Chieh Tu An-Chi Yang Chih-Yu Yang Evaluating the Dynamic Energy Production Efficiency in APEC Economies Energies dynamic DEA translation adjustment energy efficiency APEC CO<sub>2</sub> emissions GDP |
| title | Evaluating the Dynamic Energy Production Efficiency in APEC Economies |
| title_full | Evaluating the Dynamic Energy Production Efficiency in APEC Economies |
| title_fullStr | Evaluating the Dynamic Energy Production Efficiency in APEC Economies |
| title_full_unstemmed | Evaluating the Dynamic Energy Production Efficiency in APEC Economies |
| title_short | Evaluating the Dynamic Energy Production Efficiency in APEC Economies |
| title_sort | evaluating the dynamic energy production efficiency in apec economies |
| topic | dynamic DEA translation adjustment energy efficiency APEC CO<sub>2</sub> emissions GDP |
| url | https://www.mdpi.com/1996-1073/14/14/4343 |
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