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Measuring The Allocation Of Eskom'S Productivity Dividend1

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  • Denis A. Lawrence
  • Gert Van Der Westhuizen

Abstract

The methodology developed by Lawrence, Diewert and Fox and Lawrence and Richards is used to determine the contribution of productivity and price changes to changes in Eskom's profitability over time. This methodology enables the calculation of the distribution of the benefits of Eskom's productivity improvements – its “productivity dividend”– among the three key stakeholder groups: consumers, input suppliers (including employees) and Eskom's owners. The results of this study show that Eskom passed on substantially more than the benefits from productivity improvements over the 10 years to 2002 to consumers in the form of real price reductions and to labour in the form of higher real wages.

Suggested Citation

  • Denis A. Lawrence & Gert Van Der Westhuizen, 2008. "Measuring The Allocation Of Eskom'S Productivity Dividend1," South African Journal of Economics, Economic Society of South Africa, vol. 76(3), pages 537-547, September.
    • Handle: RePEc:bla:sajeco:v:76:y:2008:i:3:p:537-547
    DOI: 10.1111/j.1813-6982.2008.00195.x
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    References listed on IDEAS

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    1. Denis Lawrence & W. Diewert & Kevin Fox, 2006. "The contributions of productivity, price changes and firm size to profitability," Journal of Productivity Analysis, Springer, vol. 26(1), pages 1-13, August.
    2. Kevin Fox & Ulrich Kohli, 1998. "GDP growth, terms-of-trade effects, and total factor productivity," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 7(1), pages 87-110.
    3. Denis Lawrence & Anya Richards, 2004. "Distributing the Gains from Waterfront Productivity Improvements," The Economic Record, The Economic Society of Australia, vol. 80(s1), pages 43-52, September.
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