Welfare Impacts of Electricity Generation Sector Reform in the Philippines
AbstractThis paper reports an empirical investigation into the welfare impacts of an introduction of private sector participation into the Philippines electricity generation sector, by liberalizing the market for independent power producers (IPPs) during the power crisis of 1990-1993. This study uses a social cost and benefit analysis. The main benefits came from IPPs, who contributed to resolving the crisis, and promoted economic and social development. Consumers and investors are net gainers, while the Government lost and there was an air pollution cost. The paper concludes that the reform with private sector participation increased social welfare.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0316.
Date of creation: Feb 2003
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Note: CMI IO
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Web page: http://www.econ.cam.ac.uk/index.htm
Electricity; Cost-benefit-analysis; Institutional change.;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-02-18 (All new papers)
- NEP-COM-2003-02-18 (Industrial Competition)
- NEP-ENE-2003-02-18 (Energy Economics)
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- Pollitt, Michael, 2009.
"Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market,"
Elsevier, vol. 17(1), pages 13-23, March.
- Pollitt, M., 2007. "Evaluating the evidence on electricity reform: Lessons for the South East Europe (SEE) market," Cambridge Working Papers in Economics 0756, Faculty of Economics, University of Cambridge.
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