nach oben

Clean Technologies and Environmental Policy

Erschienen in:

22.06.2023 | Original Paper

Revenue efficiency of bioenergy industry: the case of European Union (EU) member countries

verfasst von: Muhammad Mansur Abdulwakil, Abdul Samad Abdul-Rahim, Mohd Alsaleh, Chindo Sulaiman, Abdulmalik Ajibola Raji

Erschienen in: Clean Technologies and Environmental Policy | Ausgabe 9/2023

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config

KI-gestützte Suche

Aus

Abstract

Bioenergy plays a crucial role in numerous sectors such as industry, electricity, heating, cooling, and transportation. Previous research on bioenergy focused on the production and strategies to improve bioenergy development and distribution in the EU. This study computes the revenue efficiency level and investigates the economic determinants of revenue efficiency of the bioenergy industry in EU28 countries between 1995 and 2018. The study employed the nonparametric data envelopment analysis method to compute the revenue efficiency level, and ordinary least squares, random effects, and fixed effects models were applied to investigate the determinants of revenue efficiency. The results show that most of the countries are efficient, given a high-efficiency score, with France, Malta, Sweden, and Slovakia as the most efficient, while Cyprus is the least efficient. Furthermore, empirical results indicate that capital and labor have a negative impact, while GDP and the size of biomass have positive and significant impact on revenue efficiency of the bioenergy industry in EU28 countries during the period studied. This study provides an insight for bioenergy policymakers and investors-to the understanding of the impact of revenue efficiency on the sustainability of the bioenergy industry.

Graphical abstract

Vorheriger Artikel Cellulose nanofibrils/polyvinyl alcohol gel microspheres loaded with nickel nanoparticles as catalysts to reduce Cr (VI) by formic acid

Nächster Artikel Implementation of sustainable development goals in the cosmetics industry based on the example of cleansing cosmetics containing a surfactin-rich digestate extract

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Abdulwakil MM, Abdul-Rahim AS, Alsaleh M (2020) Bioenergy efficiency change and its determinants in EU-28 region: evidence using least square dummy variable corrected estimation. J Biomass Bioenergy 137:105569CrossRef

Alsaleh M, Abdul-Rahim AS (2022) An evaluation of bioenergy industry sustainability impacts on forest degradation: evidence from European Union economies. Environ Dev Sustain 24(2):1738–1760CrossRef

Alsaleh M, Abdul-Rahim AS, Mohd-Shahwahid HO (2017) Determinants of technical efficiency in the bioenergy industry in the EU28 region. Renew Sustain Energy Rev 78:1331–1349CrossRef

Alsaleh M, Abdul-Rahim AS, Mohd-Shahwahid HO, Chin L, Kamarudin F (2016) An empirical analysis for technical efficiency of bioenergy industry in EU28 region based on data envelopment analysis method. Int J Energy Econ Policy 6(2):290–304

Alsaleh M, Abdulwakil MM, Abdul-Rahim AS (2021) Land-use change impacts from sustainable hydropower production in EU28 region: an empirical analysis. Sustainability 13(9):4599CrossRef

Ariff M, Luc C (2008) Cost and profit efficiency of Chinese banks: a non-parametric analysis. China Econ Rev 19(2):260–273CrossRef

Bah MM, Abdulwakil MM, Azam M (2020) Income heterogeneity and the Environmental Kuznets Curve hypothesis in Sub-Saharan African countries. GeoJournal 85:617–628CrossRef

Banker RD, Chang H, Lee SY (2010) Differential impact of Korean banking system reforms on bank productivity. J Bank Finance 34(7):1450–1460CrossRef

Breusch TS, Pagan AR (1980) The Lagrange multiplier test and its applications to model specification in econometrics. Rev Econ Stud 47:239–253CrossRef

Broekel T, Rogge N, Brenner T (2013) The innovation efficiency of German regions-a shared-input DEA approach (No. 08.13). In: Working papers on innovation and space

Böttcher H, Frank S, Havlik P (2012) Biomass futures: biomass availability and supply analysis. Last Accessed 18 February 2014

Caputo A (2014) Trends in European bioenergy law: problems, perspectives and risks. J Cult Polit Innov 1–24

Carayannis EG, Grigoroudis E, Goletsis Y (2016) A multilevel and multistage efficiency evaluation of innovation systems: a multiobjective DEA approach. Expert Syst Appl 62:63–80CrossRef

Charnes A, Cooper WW, Rhodes E (1978) Measuring the efficiency of decision making units. Eur J Oper Res 2(6):429–444CrossRef

Coelli T, Rao DSP, Battese GE (1998) An introduction to efficiency and productivity analysis. Kluwer Academic Publishers, DordrechtCrossRef

Coelli TJ, Rao DSP, O’Donnell CJ, Battese GE (2005) An introduction to efficiency and productivity analysis. Springer Science & Business Media, Berlin

Cooper WW, Seiford LM, Tone K (2000) Data envelopment analysis. Handb Data Envel Anal 1:1–40

English BC, Daniel G, Walsh ME, Hellwinkel C, Menard J (2006) Economic competitiveness of bioenergy production and effects on agriculture of the southern region. J Agric Appl Econ 38(2):389–402CrossRef

Ervural BC, Beyca OF, Zaim S (2016) Model estimation of ARMA using genetic algorithms: a case study of forecasting natural gas consumption. Procedia Soc Behav Sci 235:537–545CrossRef

Ho CT, Zhu DS (2004) Performance measurement of Taiwan’s commercial banks. Int J Product Perform Manag 53(5):425–434CrossRef

International Energy Agency (2011) Global wood pellet industry market and trade study. In: IEA Bioenergy task 40. Paris, France

Isik I, Hassan MK (2002) Cost and profit efficiency of the Turkish banking industry: an empirical investigation. Financ Rev 37(2):257–279CrossRef

Jin E, Sutherland JW (2016) A proposed integrated sustainability model for a bioenergy system. Procedia CIRP 48:358–363CrossRef

Junginger M, Van Dam J, Zarrilli S, Mohamed FA, Marchal D, Faaij A (2011) Opportunities and barriers for international bioenergy trade. Energy Policy 39(4):2028–2042CrossRef

Kalt G, Kranzl L (2011) Assessing the economic efficiency of bioenergy technologies in climate mitigation and fossil fuel replacement in Austria using a techno-economic approach. Appl Energy 88(11):3665–3684CrossRef

Kamarudin F, Sufian F, Nassir AM (2016) Global financial crisis, ownership and bank profit efficiency in the Bangladesh’s state owned and private commercial banks. Contaduría y Adm 61(4):705–745CrossRef

Kolawole O (2006) Determinants of profit efficiency among small scale rice farmers in Nigeria: a profit function approach. Res J Appl Sci 1(1–4):116–122

Kosmidou K (2008) The determinants of banks’ profits in Greece during the period of EU financial integration. Manag Financ 34(3):146–159

Krasuska E, Rosenqvist H (2012) Economics of energy crops in Poland today and in the future. Biomass Bioenerg 38:23–33CrossRef

Kyrylov Y, Hranovska V, Zhosan H, Dotsenko I (2022, June) Innovative development of agrarian enterprises of Ukraine in the context of the fourth industrial revolution. In: AIP conference proceedings, vol 2413, no 1. AIP Publishing LLC, p 040014

Latruffe L, Balcombe K, Davidova S, Zawalinska K (2004) Determinants of technical efficiency of crop and livestock farms in Poland. Appl Econ 36(12):1255–1263CrossRef

Locoh A, Thiffault É, Barnabé S (2022) Sustainability impact assessment of forest bioenergy value chains in Quebec (Canada)—A ToSIA approach. Energies 15(18):6676CrossRef

Maudos J, Pastor JM (2003) Cost and profit efficiency in the Spanish banking sector (1985–1996): a non-parametric approach. Appl Financ Econ 13(1):1–12CrossRef

Molyneux P, Thornton J (1992) Determinants of European bank profitability: a note. J Bank Finance 16(6):1173–1178CrossRef

Nickell S (1981) Biases in dynamic models with fixed effects. Econom J Econom Soc 49(6):1417–1426

Pesaran MH, Smith RP (1995) Estimating long-run relationships from dynamic heterogeneous panels. J Econom 68:79–113CrossRef

Popp J, Lakner Z, Harangi-Rakos M, Fari M (2014) The effect of bioenergy expansion: food, energy, and environment. Renew Sustain Energy Rev 32:559–578CrossRef

Rachmina D, Daryanto A, Tambunan M, Hakim DB (2014) Impact of infrastructure on profit efficiency of vegetable farming in West Java, Indonesia: stochastic frontier approach. J ISSAAS (Int Soc Southeast Asian Agric Sci) 20(1):77–92

Scarlat N, Dallemand JF, Monforti-Ferrario F, Banja M, Motola V (2015) Renewable energy policy framework and bioenergy contribution in the European Union—an overview from national renewable energy action plans and progress reports. Renew Sustain Energy Rev 51:969–985CrossRef

Scarlat N, Dallemand JF, Motola V, Monforti-Ferrario F (2013) Bioenergy production and use in Italy: recent developments, perspectives and potential. Renew Energy 57:448–461CrossRef

Searchinger T, Heimlich R, Houghton RA, Dong F, Elobeid A, Fabiosa J et al (2008) Use of US croplands for biofuels increases greenhouse gases through emissions from land-use change. Science 319(5867):1238–1240CrossRef

Smeets E, Junginger M, Faaij A, Walter A, Dolzan P, Turkenburg W (2008) The sustainability of Brazilian ethanol—an assessment of the possibilities of certified production. Biomass Bioenergy 32(8):781–813CrossRef

Solomon BD (2010) Biofuels and sustainability. Ann N Y Acad Sci 1185(1):119–134CrossRef

Staub RB, e Souza GDS, Tabak BM (2010) Evolution of bank efficiency in Brazil: a DEA approach. Eur J Oper Res 202(1):204–213CrossRef

Strzalka R, Schneider D, Eicker U (2017) Current status of bioenergy technologies in Germany. Renew Sustain Energy Rev 72:801–820CrossRef

Sufian F (2007) The efficiency of Islamic banking industry in Malaysia: Foreign vs domestic banks. Humanomics 23(3):174–192CrossRef

Vasile AJ, Andreea IR, Popescu GH, Elvira N, Marian Z (2016) Implications of agricultural bioenergy crop production and prices in changing the land use paradigm—the case of Romania. Land Use Policy 50:399–407CrossRef

Vu H, Nahm D (2013) The determinants of profit efficiency of banks in Vietnam. J Asia Pac Econ 18(4):615–631CrossRef

Welfle A (2017) Balancing growing global bioenergy resource demands-Brazil’s biomass potential and the availability of resource for trade. Biomass Bioenergy 105:83–95CrossRef

Welfle A, Gilbert P, Thornley P, Stephenson A (2017) Generating low-carbon heat from biomass: life cycle assessment of bioenergy scenarios. J Clean Prod 149(448):460

Xuân L, Thu TM (2023) The bioenergy industry and the road to 2050 Net Zero goal in the UK context. Int J Manag Excell 17(2):2460–2471

Zhang R, Wei T, Glomsrød S, Shi Q (2014) Bioenergy consumption in rural China: evidence from a survey in three provinces. Energy Policy 75:136–145CrossRef

Zhu J (2014) Quantitative models for performance evaluation and benchmarking: data envelopment analysis with spread sheets, vol 213. Springer, Berlin

Zubair AO, Alsaleh M, Abdul-Rahim AS (2021) Evaluating the profit efficiency of bioenergy industry and its determinants in EU28 region. Int J Energy Sect Manage 15(3):678–696CrossRef

Titel: Revenue efficiency of bioenergy industry: the case of European Union (EU) member countries
verfasst von: Muhammad Mansur Abdulwakil
Abdul Samad Abdul-Rahim
Mohd Alsaleh
Chindo Sulaiman
Abdulmalik Ajibola Raji
Publikationsdatum: 22.06.2023
Verlag: Springer Berlin Heidelberg
Erschienen in: Clean Technologies and Environmental Policy / Ausgabe 9/2023
Print ISSN: 1618-954X
Elektronische ISSN: 1618-9558
DOI: https://doi.org/10.1007/s10098-023-02560-w

Springer Professional

Abstract

Graphical abstract

Bitte loggen Sie sich ein, um Zugang zu Ihrer Lizenz zu erhalten.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Weitere Artikel der Ausgabe 9/2023

Correction: Strong, lightweight, thermally stable, and hydrophobic sustainable structural composites produced from coal-based waste and polymer-derived SiOC ceramics

From leather wastes to leather: enhancement of low quality leather using collagen recovered from leather tanned wastes

From product and process scale down to finer scales: a new type of multiscale sustainability system

Cellulose nanofibrils/polyvinyl alcohol gel microspheres loaded with nickel nanoparticles as catalysts to reduce Cr (VI) by formic acid

Implementation of sustainable development goals in the cosmetics industry based on the example of cleansing cosmetics containing a surfactin-rich digestate extract

Hybrid optimization technique-based maximum power point tracking for single-stage grid-connected PV systems