Potential impacts of electricity price changes on price formation in the economy: a social accounting matrix price modeling analysis for Turkey
AbstractRecent reforms in the Turkish electricity sector since 2001 aim to introduce a tariff system that reflects costs. This is expected to affect the production and consumer prices of electricity. The changes in electricity prices are then reflected in production costs in other segments of the economy. Subsequently, producer and consumer prices will be affected. The potential impact of the changes in electricity prices that the ongoing electricity reforms in Turkey will bring about may have important implications on the price formation in economic activities and the cost of living for households. This paper evaluates the potential impacts of changes in electricity prices from a social accounting matrix (SAM) price modeling perspective. It is found that based on the estimated price multipliers that prices in the energy-producing sectors, mining, and iron and steel manufacturing sectors would be affected more severely than the remaining sectors of the economy. Consumer prices are affected slightly less than producer prices.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Energy Policy.
Volume (Year): 39 (2011)
Issue (Month): 2 (February)
Contact details of provider:
Web page: http://www.elsevier.com/locate/enpol
Social accounting matrix Electricity Turkey;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Fuat Oğuz, 2010. "Competition by regulation in energy markets: the case of Turkey," European Journal of Law and Economics, Springer, vol. 30(1), pages 41-58, August.
- Tarancón, Miguel Angel & del Río, Pablo & Callejas Albiñana, Fernando, 2010. "Assessing the influence of manufacturing sectors on electricity demand. A cross-country input-output approach," Energy Policy, Elsevier, vol. 38(4), pages 1900-1908, April.
- Ali Akkemik, K., 2009. "Cost function estimates, scale economies and technological progress in the Turkish electricity generation sector," Energy Policy, Elsevier, vol. 37(1), pages 204-213, January.
- Necmiddin Bagdadioglu & Catherine Waddams Price & Thomas Weyman-Jones, 2007. "Measuring Potential Gains from Mergers among Electricity Distribution Companies in Turkey using a Non-Parametric Model," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 83-110.
- R. Seymore & P. D. Adams & M. Mabugu & J. H. van Heerden & J. Blignaut, 2009.
"The impact of an electricity generation tax on the South African economy,"
139, Economic Research Southern Africa.
- Reyno Seymore & Philip David Adams & Margaret Mabugu & Jan van Heerden & James Blignaut, 2009. "The Impact Of An Electricity Generation Tax On The South African Economy," Working Papers 200920, University of Pretoria, Department of Economics.
- Parra, Juan Carlos & Wodon, Quentin, 2008. "Comparing the impact of food and energy price shocks on consumers : a social accounting matrix analysis for Ghana," Policy Research Working Paper Series 4741, The World Bank.
- Roland-Holst, D.W. & Sancho, F., 1991.
"Modeling Proces in a Sam Structure,"
UFAE and IAE Working Papers
189.92, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Djoni Hartono & Budy P. Resosudarmo, 2007.
"The Economy-wide Impact of Controlling Energy Consumption in Indonesia: An Analysis Using a Social Accounting Matrix Framework,"
Working Papers in Economics and Development Studies (WoPEDS)
200702, Department of Economics, Padjadjaran University, revised Jan 2007.
- Hartono, Djoni & Resosudarmo, Budy P., 2008. "The economy-wide impact of controlling energy consumption in Indonesia: An analysis using a Social Accounting Matrix framework," Energy Policy, Elsevier, vol. 36(4), pages 1404-1419, April.
- Djoni Hartono & Budy P. Resosudarmo, 2007. "The Economy-wide Impact of Controlling Energy Consumption in Indonesia: An Analysis Using a Social Accounting Matrix Framework," Departmental Working Papers 2007-05, The Australian National University, Arndt-Corden Department of Economics.
- Kira Markiewicz & Nancy L. Rose & Catherine Wolfram, 2004.
"Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency,"
NBER Working Papers
11001, National Bureau of Economic Research, Inc.
- Kira R. Fabrizio & Nancy L. Rose & Catherine D. Wolfram, 2007. "Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on US Electric Generation Efficiency," American Economic Review, American Economic Association, vol. 97(4), pages 1250-1277, September.
- Bagdadioglu, Necmiddin & Odyakmaz, Necmi, 2009. "Turkish electricity reform," Utilities Policy, Elsevier, vol. 17(1), pages 144-152, March.
- Labandeira, Xavier & Labeaga, José M. & Rodríguez, Miguel, 2009. "An integrated economic and distributional analysis of energy policies," Energy Policy, Elsevier, vol. 37(12), pages 5776-5786, December.
- Cetin, Tamer & Oguz, Fuat, 2007. "The politics of regulation in the Turkish electricity market," Energy Policy, Elsevier, vol. 35(3), pages 1761-1770, March.
- Robinson, Sherman & Cattaneo, Andrea & El-Said, Moataz, 2000.
"Updating and estimating a Social Accounting Matrix using cross entropy methods,"
TMD discussion papers
58, International Food Policy Research Institute (IFPRI).
- Sherman Robinson & Andrea Cattaneo & Moataz El-Said, 2001. "Updating and Estimating a Social Accounting Matrix Using Cross Entropy Methods," Economic Systems Research, Taylor & Francis Journals, vol. 13(1), pages 47-64.
- Han, Sang-Yong & Yoo, Seung-Hoon & Kwak, Seung-Jun, 2004. "The role of the four electric power sectors in the Korean national economy: an input-output analysis," Energy Policy, Elsevier, vol. 32(13), pages 1531-1543, September.
- Pyatt, F Graham & Round, Jeffery I, 1979. "Accounting and Fixed Price Multipliers in a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 89(356), pages 850-73, December.
- Fofana, Ismaél & Chitiga, Margaret & Mabugu, Ramos, 2009. "Oil prices and the South African economy: A macro-meso-micro analysis," Energy Policy, Elsevier, vol. 37(12), pages 5509-5518, December.
- Tiwari, Piyush, 2000. "An analysis of sectoral energy intensity in India," Energy Policy, Elsevier, vol. 28(11), pages 771-778, September.
- Nguyen, Khanh Q., 2008. "Impacts of a rise in electricity tariff on prices of other products in Vietnam," Energy Policy, Elsevier, vol. 36(8), pages 3135-3139, August.
- Defourny, Jacques & Thorbecke, Erik, 1984. "Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 94(373), pages 111-36, March.
- Pachauri, Shonali & Spreng, Daniel, 2002. "Direct and indirect energy requirements of households in India," Energy Policy, Elsevier, vol. 30(6), pages 511-523, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.