Productivity assessment of Angola's oil blocks
Barros, Carlos Pestana & Managi, Shunsuke (2009) Productivity assessment of Angola's oil blocks. Energy, 34(11), pp. 2009-2015.
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.
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|Item Type:||Journal Article|
|Keywords:||Angola; Oil blocks; Policy implications; Productivity; Technological change|
|ISSN:||1873-6785 (online) 0360-5442 (print)|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
|Copyright Owner:||Copyright 2009 Elsevier Ltd. All rights reserved.|
|Deposited On:||24 Aug 2014 23:45|
|Last Modified:||26 Aug 2014 02:22|
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