Reform and Efficiency Gains in the New Zealand Electrical Supply Industry

Gerald Scully

Journal of Productivity Analysis, 1999, vol. 11, issue 2, 133-147

Abstract: As part of a general program of market-based reform, New Zealand transformed the electrical supply industry from state-owned to commercially-oriented power companies. This paper tests the hypothesis that such privatization is efficiency-improving. A translog cost function is specified and estimated with controls for system (engineering) characteristics and environmental variables, and it is found that the reforms had substantial cost-reducing effects. The reforms are found to have benefitted customers, with the real price of electricity falling 16.4 percent, over the period. Copyright Kluwer Academic Publishers 1999

Keywords: Reform; efficiency gains; electrical supply (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:kap:jproda:v:11:y:1999:i:2:p:133-147

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DOI: 10.1023/A:1007767631738

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