Economics at your fingertips  

Capturing the impact of shocks on the electricity sector performance in the OECD

Michael Polemis ()

Energy Economics, 2017, vol. 66, issue C, 99-107

Abstract: This paper focuses on the responses of electricity performance to shocks arising from structural reform policies. With a dynamic panel vector autoregression (pVAR) model that allows endogeneity, we decompose the responses of electricity performance measures to shocks generated by the inclusion of structural reform indicators capturing the effect of competition, regulation and privatization. The sample spans the period from 1975 to 2011 including 30 OECD countries. The empirical findings do confirm that a robust independent regulatory scheme must be implemented in order to achieve a competitive electricity market. Finally the dynamic pVAR results using impulse response functions and variance decomposition analysis further support the validity of these results.

Keywords: Structural reforms; Deregulation; Shocks; Panel VAR; Impulse response functions (search for similar items in EconPapers)
JEL-codes: L51 L1 C1 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-10-22
Handle: RePEc:eee:eneeco:v:66:y:2017:i:c:p:99-107