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Productivity Growth and Biased Technological Change in Hydroelectric Generating Dams

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Author Info
Carlos P. Barros
Walter Briec
Nicolas Peypoch

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Abstract

This paper analyses productivity growth and the nature of techni- cal change in a sample of Portuguese hydroelectric generating plants over the period 2001 to 2004. In a ¯rst step, we employ the Luen- berger productivity indicator to estimate and decompose productivity change. The results paint a picture of mixed productivity performance in the Portuguese energy sector. In a second step, we analyse the na- ture of this technical change by using the recent concept of parallel neutrality (Briec et al., 2006). We observe a global shift in the best practice frontier as well as evidence of input bias in technical change.

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Publisher Info
Paper provided by Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon. in its series Working Papers with number 2008/36.

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Date of creation: Jun 2008
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Handle: RePEc:ise:isegwp:wp362008

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Postal: Department of Economics, School of Economics and Management (ISEG), Technical University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: http://www.iseg.utl.pt/departamentos/economia/

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Related research
Keywords: hydroelectric energy; Portugal; Luenberger productivity indicator; parallel neutrality.;

Find related papers by JEL classification:
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity

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This page was last updated on 2009-11-20.


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