Heterogeneous effects of regulation on the efficiency of the electricity industry across European Union countries

Energy Economics - Tập 40 - Trang 569-585 - 2013
Fabrizio Pompei1
1Department of Economics, Finance and Statistics, University of Perugia, Via Pascoli, 20, 06123 Perugia, Italy

Tài liệu tham khảo

ABB, 2011, Trends in global energy efficiency 2011 Abbott, 2005, Determining levels of productivity and efficiency in the electricity industry, Electr. J., 18, 62, 10.1016/j.tej.2005.08.004 Abbott, 2006, The productivity and efficiency of the Australian electricity supply industry, Energy Econ., 28, 444, 10.1016/j.eneco.2005.10.007 Arellano, 2003 Arellano, 1991, Some tests of specification for panel data Monte Carlo evidence and an application to employment equations, Rev. Econ. Stud., 58, 277, 10.2307/2297968 Bassanini, 2009, Job protection legislation and productivity growth in OECD countries, Econ. Policy, 24, 349, 10.1111/j.1468-0327.2009.00221.x Bond, 1994, Dynamic investment models and the firm's financial policy, Rev. Econ. Stud., 61, 197, 10.2307/2297978 Bourlés, 2010, Do product market regulations in upstream sectors curb productivity growth? Panel data evidence for OECD countries, 1 Brooks, 1989, Evaluation des Arguments Émis en Faveur de la Privatisation, Polit. Manag. Publ., 7, 34 Canes, 2012 Coelli, 2005 Conway, 2006, Product market regulation in the non-manufacturing sectors of OECD countries: measurement and highlights Dasgupta, 1980, Industrial structure and the nature of innovative activity, Econ. J., 90, 266, 10.2307/2231788 Dominguez, 2007, Restructuring and generation of electrical energy in the Iberian Peninsula, Energy Policy, 35, 5517, 10.1016/j.enpol.2007.04.028 Erdogdu, 2011, What happened to efficiency in electricity industries after reforms?, Energy Policy, 39, 6551, 10.1016/j.enpol.2011.07.059 Estache, 2008, How efficient are African electricity companies? Evidence from the Southern African countries, Energy Policy, 36, 61969, 10.1016/j.enpol.2008.02.011 EURELECTRIC, 2003, Efficiency in electricity generation Eurostat, 2010 Färe, 1994, Productivity growth, technical progress, and efficiency change in industrialized countries, Am. Econ. Rev., 84, 66 Farrell, 1957, The measurement of productive efficiency, J. R. Stat. Soc. Ser. A Gen., 720, 253, 10.2307/2343100 Fiorio, 2011, “Would you say that the price you pay for electricity is fair?” Consumers' satisfaction and utility reforms in the EU15, Energy Econ., 33, 178, 10.1016/j.eneco.2010.05.006 Fiorio, 2007, The electricity industry reform paradigm in the European Union: testing the impact on consumers, 231 Gathon, 1996, La Performance des Entreprises Publiques, une Question de Proprété ou de Concurrence?, Rev. Econ., 6, 225 Genoud, 2002, Does privatization matter? Liberalization and regulation: the case of European electricity, Public Manag. Rev., 4, 231, 10.1080/14616670210130543 Gilbert, 1982, Preemptive patenting and the persistence of monopoly, Am. Econ. Rev., 72, 514 Golden, 2011, Redistribution and reelection under proportional representation: the Postwar Italian Chamber of Deputies Graus, 2007, International comparison of energy efficiency of fossil power generation, Energy Policy, 35, 3936, 10.1016/j.enpol.2007.01.016 Haas, 2006, Competition in the continental European electricity market: despair or work in progress? Haney, 2010, New models of public ownership in energy, 1 Harvey, S.M., McConihe, B.M., Pope, S.L., 2006. Analysis of the impact of coordinated electricity markets on consumer electricity charges. Center for Research in Regulated Industries, Working Paper, November, mimeo. LECG. Inc. Hattori, 2005, Electricity distribution in the UK and Japan: a comparative efficiency analysis 1985–1998, Energy J., 26, 23, 10.5547/ISSN0195-6574-EJ-Vol26-No2-2 International Energy Agency, 2010, Energy, technologies, perspectives International Energy Agency, 2011, 10.1787/electricity-2011-en Jamasb, 2005, Electricity market reform in the European Union: review of progress toward liberalization and integration, Energy J., 11 Jolliffe, 2002 Joskow, 2006, Introduction to electricity sector liberalization: lessons learned from cross-country studies Joskow, 2006, Markets for power in the United States: an interim assessment, Energy J., 27, 1, 10.5547/ISSN0195-6574-EJ-Vol27-No1-2 Joskow, 2008, Lessons learned from electricity market liberalization, Energy J., 29, 9, 10.5547/ISSN0195-6574-EJ-Vol29-NoSI2-3 Kaserman, 1991, The measurement of vertical economies and the efficient structure of the electric utility industry, J. Ind. Econ., 39, 483, 10.2307/2098457 Keller, 2010, Competition effects of mergers: an event study of the German electricity market, Energy Policy, 38, 5264, 10.1016/j.enpol.2010.05.034 Levin, 2002, Unit Root Tests in Panel Data: Asymptotic and Finite Sample Properties, Journal of Econometrics, 108, 1, 10.1016/S0304-4076(01)00098-7 Littlechild, 2006, Foreword: the market versus regulation Nakano, 2008, Regulatory reforms and productivity: an empirical analysis of the Japanese electricity industry, Energy Policy, 36, 201, 10.1016/j.enpol.2007.09.003 Newbery, 1997, Privatization and liberalization of network utilities, Eur. Econ. Rev., 41, 357, 10.1016/S0014-2921(97)00010-X Nicoletti, 2006, Subjective and objective measures of governmental regulations in OECD nations, J. Econ. Behav. Organ., 59, 433, 10.1016/j.jebo.2004.05.003 OECD/International Energy Agency, 2008, IEA energy policies review OECD/International Energy Agency, 2012, 10.1787/electricity-2012-en Pérez-Reyes, 2009, Measuring efficiency and productivity change (PTF) in the Peruvian electricity distribution companies after reforms, Energy Policy, 37, 2249, 10.1016/j.enpol.2009.01.037 Pettersson, 2012, Fuel switching and climate and energy policies in the European power generation, Energy Econ., 34, 1064, 10.1016/j.eneco.2011.09.001 Pollitt, 2008, The arguments for and against ownership unbundling of energy transmission networks, Energy Policy, 36, 704, 10.1016/j.enpol.2007.10.011 Pollitt, 2009, Electricity liberalisation in the European Union: a progress report, 1 Pollitt, 2009, Incorporating both undesirable outputs and uncontrollable variables into DEA: the performance of Chinese coal-fired power plants, Eur. J. Oper. Res., 197, 1095, 10.1016/j.ejor.2007.12.052 Ramos-Real, 2009, The evolution and main determinants of productivity in Brazilian electricity distribution 1998–2005. An empirical analysis, Energy Econ., 31, 298, 10.1016/j.eneco.2008.11.002 Reinganum, 1983, Uncertainty, innovation and the persistence of monopoly, Am. Econ. Rev., 73, 741 Roodman, 2009, How to do xtabond2: an introduction to difference and system GMM in Stata, Stata J., 9, 86, 10.1177/1536867X0900900106 Sappington, 1987, Privatization, information and incentives, J. Policy Anal. Manage., 6, 567, 10.2307/3323510 Simar, 2007, Estimation and inference in two-stage, semi-parametric models of production processes, J. Econom., 136, 131, 10.1016/j.jeconom.2005.07.009 Sioshansi, 2006, Why restructuring electricity markets? Steiner, 2001, Regulation, industry structure and performance in the electricity supply industry, OECD Econ. Stud., I, 32, 143, 10.1787/eco_studies-v2001-art5-en Teece, 1994, Understanding corporate coherence, J. Econ. Behav. Organ., 23, 1, 10.1016/0167-2681(94)90094-9 Unger, 2010, Innovation and market entry in the energy industry lessons for fuel cells and new technologies, J. Bus. Econ. Res., 8, 63 1989 Wölfl, 2009, Ten years of product market reform in OECD countries insights from a revised PMR indicator, 10.1787/224255001640 Zhang, 2008, Electricity sector reform in developing countries an econometric assessment of the effects of privatization, competition and regulation, J. Regul. Econ., 33, 159, 10.1007/s11149-007-9039-7 Zhengfei, 2006, The source of productivity growth in Dutch agriculture: a perspective from finance, Am. J. Agric. Econ., 88, 644, 10.1111/j.1467-8276.2006.00885.x