Environmental productivity assessment: An illustration with the Ecuadorian oil industry
Arnaud Abad,
Michell Arias,
Paola Ravelojaona
Abstract:This paper assesses the performance of 20 Ecuadorian petroleum industry over the period 2014–2018, using the pollution‐adjusted Malmquist (PM) and Hicks–Moorsteen (PHM) productivity indices within a convex neutral analytical framework. Indeed, to the best of our knowledge, the environmental performance variation of the Ecuadorian oil industry has never been investigated hitherto in the literature. Moreover, the existing literature that analyses the environmental performance change of oil industries applied the… Show more
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