Energy, environmental, and economic efficiency in fossil fuel exporting countries: A modified data envelopment analysis approach

2021 ◽  
Vol 26 ◽  
pp. 588-596
Author(s):  
Bahram Fathi ◽  
Malihe Ashena ◽  
Ali Reza Bahari
Mathematics ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 413
Author(s):  
David Vidal-Tomás ◽  
Ana M. Ibáñez ◽  
José E. Farinós

We analyze the economic efficiency of the cryptocurrency market after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes. Our results show that the introduction of Bitcoin futures did not affect the economic efficiency of the cryptocurrency market. However, we observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity compared to the rest of cryptocurrencies. Therefore, our paper underlines the support of investors on Bitcoin to the detriment of the rest of cryptocurrencies.


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