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- Title
FRONTIER APPROACH TO ENVIRONMENTAL EFFICIENCY: LEAST-DISTANCE BENCHMARKS FOR SLOVAKIA.
- Authors
Nežinský, Eduard
- Abstract
Environmental efficiency of production and value-added creation has been a central concern of European environmental agenda for the last decades. In the paper, the frontier analysis is employed to illustrate the procedure how policy-related benchmarks could be determined. Underperforming entity is projected onto the production possibility set boundary that is constructed via deterministic data envelopment analysis method. Besides the conventional benefit-of-the-doubt aggregation weighting scheme, the procedure is guided by the least-distance criterion for projection location as well as the bounds imposed by the Climate Act commitments regarding emissions reduction. The differences between the conventional and the least-distance-adjusted-model results are demonstrated within the technology involving value-added as economic desirable outcome whereas emissions and particles acting as “bads”. For Slovakia, the results identify Germany and Malta as best-performing peers suggesting alongside that a current level of GDP could be retained even after adopting the environmental constraints.
- Subjects
SLOVAKIA; MALTA; DATA envelopment analysis; GREENHOUSE gas mitigation
- Publication
FAR: Forecast, Analysis & Recommendations, 2023, Vol 15, Issue 1, p25
- ISSN
1337-9666
- Publication type
Article
- DOI
10.31577/PPFAR.2023.15.002