Comprehensive Environmental Assessment Index of Ecological Footprint

Abstract

This paper aims to contribute to the growing body of research literature on assessing environmental efficiency by introducing a new key performance indicator (KPIs) in more complete and dependable aspects of ecological footprint indices. For this purpose, the DEA model considering three inputs (energy consumption, labor force, and capital stock), one desirable output (GDP), and different undesirable outputs (CO2 emissions, ecological footprint indicators) are applied to 27 OECD countries from 2000 to 2017. According to the results, Norway, Luxemburg, and United Kingdom are the most environmentally efficient countries in both terms of environmental efficiency and ecological footprint efficiency. On the other hand, the lowest environmental and ecological footprint efficiencies were in countries like Lithuania, Slovak, Czech, Estonia, and the USA. In addition, these nations fare poorly regarding their carbon footprint and farmland efficiency. In further detail, Lithuania, South Korea, Portugal, and Spain have a critical status in fishing ground efficiency, while Estonia, Latvia, Lithuania, and the forest area efficiency is very acute in Estonia, Latvia, Lithuania, and Czech.JEL Classification Codes: F64; O44; O47; Q56; Q57