ECONOMIC IMPACT OF ELECTRIC POWER INDUSTRY DEREGULATION ON THE STATE OF WASHINGTON: A GENERAL EQUILIBRIUM ANALYSIS

Roger H. Coupal and David W. Holland

Journal of Agricultural and Resource Economics, 2002, vol. 27, issue 01, 17

Abstract: Electric power markets are being deregulated nationwide with different impacts depending upon current policies and historical circumstances from region to region. The Pacific Northwest, with its historic abundance of low-cost hydropower and dependence on public power, with experience deregulation and conditioned by this legacy. This analysis focuses on the economic impacts of deregulation on the State of Washington. A 31-sector computable general equilibrium model is used to evaluate the impacts of Washington's economy. In a most likely scenario, electricity exports expand to high-priced regions. The impact on the state economy is a reduction in gross state product as a result of high electricity prices. Returns to capital increase, but returns to private capital and to labor decrease because much of the financial gain accrues to public power.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31085

DOI: 10.22004/ag.econ.31085

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