Abstract
This paper analyzes the change in productivity as a result of Angola oil policy from 2001 to 2007. Angola oil blocks are the main source of tax receipts and, therefore, strategically important for public finances. A Malmquist index with the input technological bias is applied to measure productivity change. Oil blocks on average became both more efficient and experienced technological progress. Our results indicate that the traditional growth accounting method, which assumes Hicks neutral technological change, is not appropriate for analyzing changes in productivity for Angola oil blocks. Policy implications are derived.
| Original language | English |
|---|---|
| Pages (from-to) | 2009-2015 |
| Number of pages | 7 |
| Journal | Energy |
| Volume | 34 |
| Issue number | 11 |
| DOIs | |
| Publication status | Published - 2009 Nov |
| Externally published | Yes |
Keywords
- Angola
- Oil blocks
- Policy implications
- Productivity
- Technological change
ASJC Scopus subject areas
- Civil and Structural Engineering
- Building and Construction
- Modelling and Simulation
- Renewable Energy, Sustainability and the Environment
- Fuel Technology
- Energy Engineering and Power Technology
- Pollution
- Energy(all)
- Mechanical Engineering
- Industrial and Manufacturing Engineering
- Management, Monitoring, Policy and Law
- Electrical and Electronic Engineering
