This paper seeks to assess the impact of liberalisation and privatisation on performance in the generation segment of the electricity supply industry. Regulatory indicators for a panel of 19 OECD countries over a 10 year time period were constructed to examine the influence of regulatory reform on efficiency and price, and to assess the relative efficacy of different reform strategies. The presence of data with both cross-country and time-series dimensions allows separate identification of country specific and regulatory effects. The primary findings are that while changes in legal rules may be slow to translate into changes in conduct, unbundling of generation, private ownership, expanded access to transmission networks, and the introduction of electricity markets impact the performance measures in a statistically significant way ...

Ce document évalue l’impact de la libéralisation et de la privatisation sur la performance dans le secteur de la production d’électricité. En s’appuyant sur un panel de données composé d’observations sur 19 pays membres de l’OCDE pour 10 années, les indicateurs de réglementation ont été construits pour mettre en évidence d’une part l’impact de la réforme de la réglementation sur l’efficacité et les prix et d’autre part pour évaluer les différentes stratégies de réforme. La comparaison des pays dans un cadre dynamique permet d’identifier et de séparer les effets pays des effets imputables á la réglementation. Les principaux résultats de l’analyse suggèrent que les changements dans la législation sont lents á se répercuter sur le comportement des entreprises mais que la séparation des segments de la production et du transport, la nature de l’actionnaire, les conditions de l’accès au réseau et l’introduction d’un marché de l’électricité ont un impact statistiquement significatif sur ...

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Paper provided by OECD, Economics Department in its series OECD Economics Department Working Papers with number 238.

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Date of creation: 12 Apr 2000
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Handle: RePEc:oec:ecoaaa:238-en

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Keywords: economics of regulation; electric utilities; government policy (energy); industrial policy; models with panel data; public enterprises; regulated industries and administrative law; économie de la régulation; entreprise publique; industrie réglementée et droit administratif; modèle de panel; politique gouvernementale (énergie); politique industrielle; service public (électricité);

Find related papers by JEL classification:
C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data
K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises
L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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1. Yin-Fang Zhang & David Parker & Colin Kirkpatrick, 2005. "Assessing the Effects of Privatisation, Competition and Regulation on Economic Performance: The Case of Electricity Sector Reform," SCAPE Policy Research Working Paper Series 0511, National University of Singapore, Department of Economics, SCAPE. [Downloadable!]
2. Zhang, Yin-Fang & Kirkpatrick, Colin & Parker, David, 2002. "Electricity Sector Reform in Developing Countries: An Econometric Assessment of the Effects of Privatisation, Competition and Regulation," Centre on Regulation and Competition (CRC) Working papers 30593, University of Manchester, Institute for Development Policy and Management (IDPM). [Downloadable!]
   Other versions:
   • Yin-Fang Zhang & David Parker & Colin Kirkpatrick, 2008. "Electricity sector reform in developing countries: an econometric assessment of the effects of privatization, competition and regulation," Journal of Regulatory Economics, Springer, vol. 33(2), pages 159-178, April. [Downloadable!] (restricted)
3. Zhang, Yingang & Parker, David & Kirkpatrick, Colin, 2004. "Competition, Regulation and Privatisation of Electricity Generation in Developing Countries: Does the Sequencing of the Reforms Matter?," Centre on Regulation and Competition (CRC) Working papers 30599, University of Manchester, Institute for Development Policy and Management (IDPM). [Downloadable!]
   Other versions:
   • Zhang, Yinfang & Parker, David & Kirkpatrick, Colin, 2005. "Competition, regulation and privatisation of electricity generation in developing countries: does the sequencing of the reforms matter?," The Quarterly Review of Economics and Finance, Elsevier, vol. 45(2-3), pages 358-379, May. [Downloadable!] (restricted)
4. Massimo Florio, 2003. "Electricity prices as signals for the evaluation of reforms: an empirical analysis of four European countries," Departemental Working Papers 2003-14, Department of Economics University of Milan Italy. [Downloadable!]
   Other versions:
   • Massimo Florio, 2007. "Electricity Prices as Signals for the Evaluation of Reforms: An Empirical Analysis of Four European Countries," International Review of Applied Economics, Taylor and Francis Journals, vol. 21(1), pages 1-27, January. [Downloadable!] (restricted)
5. Alan V. Deardorff & Robert M. Stern, 2003. "Empirical Analysis of Barriers to International Services Transactions and the Consequences of Liberalization," Working Papers 505, Research Seminar in International Economics, University of Michigan. [Downloadable!]
6. Samanatha Doove & Owen Gabbitas & Duc Nguyen-Hong & Joe Owen, 2001. "Price Effects of Regulation: Telecommunications, Air Passenger Transport and Electricity Supply," Others 0110004, EconWPA. [Downloadable!]

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