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Productivity assessment of Angola's oil blocks

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  • Barros, Carlos Pestana
  • Managi, Shunsuke

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.

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  • Barros, Carlos Pestana & Managi, Shunsuke, 2009. "Productivity assessment of Angola's oil blocks," Energy, Elsevier, vol. 34(11), pages 2009-2015.
    • Handle: RePEc:eee:energy:v:34:y:2009:i:11:p:2009-2015
    DOI: 10.1016/j.energy.2009.08.016
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