Productivity growth, technical change and economies of scale of Korean fossil-fuel generation companies, 2001–2012: A dual approach

Dong-hyun Oh

Energy Economics, 2015, vol. 49, issue C, 113-121

Abstract: This paper examines total factor productivity (TFP) growth, technical change and economies of scale measure of Korean fossil-fuel power generation companies (GENCOs) between 2001 and 2012. For the empirical investigation, we estimated the cost function along with specification tests in order to find the most appropriate empirical model. Empirical results show TFP deterioration, technical regress, and economies of scale for the study period. The optimal size of the Korean GENCOs was also found, which is employed in developing policies regarding TFP growth and technical advance.

Keywords: Electricity; Productivity decomposition; Cost function; Economies of scale (search for similar items in EconPapers)
JEL-codes: D24 L94 O33 P11 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:49:y:2015:i:c:p:113-121

DOI: 10.1016/j.eneco.2015.01.009

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