Journal
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH
Volume 234, Issue 3, Pages 885-897Publisher
ELSEVIER
DOI: 10.1016/j.ejor.2013.11.017
Keywords
Data envelopment analysis; Luenberger indicator; Multi-objective optimisation; Neoclassical growth accounting
Funding
- Oesterreichischen Nationalbank (OeNB) [13802]
- VEGA [1/0906/12]
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We measure eco-efficiency of an economy by means of an augmented Leontief input-output model extended by constraints for primary inputs. Using a multi-objective optimisation model the eco-efficiency frontier of the economy is generated. The results of these multi-objective optimisation problems define eco-efficient virtual decision making units (DMUs). The eco-efficiency is obtained as a solution of a data envelopment analysis (DEA) model with virtual DMUs defining the potential and a DMU describing the actual performance of the economy. This procedure is then extended to an intertemporal approach in the spirit of the Luenberger productivity indicator. This indicator permits decomposing eco-productivity change into eco-efficiency change and eco-technical change. The indicator is then further decompounded in a way that enables us to examine the contributions of individual production factors, undesirable as well as desirable outputs to eco-productivity change over time. For illustration purposes the proposed model is applied to investigate eco-productivity growth of the Austrian economy. (C) 2013 Elsevier B.V. All rights reserved.
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