Reforming the power sector in transition: Do institutions matter?

Rabindra Nepal and Tooraj Jamasb

Energy Economics, 2012, vol. 34, issue 5, 1675-1682

Abstract: This paper aims to investigate the often poorly explored link between power sector reforms and wider institutional reforms in the economy across different groups of transition countries. We use panel-data econometrics based on bias corrected dynamic fixed effect analysis (LSDVC) to assess the impact of reforms on macroeconomic and power sector outcomes. The results indicate that power sector reform is highly inter-dependent with wider reforms in other sectors of the economy. The findings indicate that failure to harmonize inter-sector reforms leads to power sector reform measures being ineffective. We conclude that the success of power sector reforms in developing countries largely depend on the extent to which they synchronize inter-sector reforms in the economy.

Keywords: Power sector; Institutions; Reforms; Transition economies (search for similar items in EconPapers)
JEL-codes: C33 E02 P28 Q4 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (64)

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Related works:
Working Paper: Reforming the Power Sector in Transition: Do Institutions Matter? (2011)
Working Paper: Reforming the Power Sector in Transition: Do Institutions Matter? (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:34:y:2012:i:5:p:1675-1682

DOI: 10.1016/j.eneco.2012.02.002

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