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In this study Data Envelopment Analysis (DEA) is used not only to develop an efficiency index which combines economic activity, CO2 emissions and energy consumption of the production process in the 31 countries of Europe for the year 2004, but also to make estimates about the margins of long...
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production, have not yet been taken into account by the mainstream theory of economic growth. Novel econometric analyses, however … perspective contributes to resolving the paradox that energy hardly matters in mainstream growth theory, whereas it is an issue of …
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