Structural reform of the electricity industry and economic growth

Fumitoshi Mizutani, Tomoyasu Tanaka, Noriyoshi Nakayama and Shuji Uranishi

Journal of Economic Policy Reform, 2020, vol. 23, issue 2, 184-208

Abstract: Using 782 panel data from 34 OECD countries from 1991 to 2013, this study aims to evaluate how structural reform affects GDP growth rate. We use the Barro-type GDP growth rate regression model and apply both fixed and random effect models. Eight structural reform variables are selected: (i) third party access, (ii) wholesale market dummy, (iii) choice of supplier, (iv) private ownership, (v) generation-others separation, (vi) transmission-others separation, (vii) distribution-others separation and (viii) overall vertical separation. Major finding results are as follows: (i) third party access can positively contribute to GDP growth rate, (ii) wholesale market and overall vertical separation might have a small negative effect, and (iii) other variables have no significant effect.

Date: 2020
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DOI: 10.1080/17487870.2018.1469985

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